CFETS-NEX (formerly named as CFETS-ICAP) today announces it has completed the first transaction of Negotiable Certificate of Deposit (NCD). The product is stock certificate of deposit with residual maturity of 2.5 months, transaction rate around 5.10 and yield 30bp higher than MM products.

NCD was launched by PBOC on December 8, 2013. So far, 10 pilot banks, like ICBC, ABC, BOC, CCB, BOCOM, CDB, CITIC, CIB, CMB and SPDB, have all issued NCDs.

CFETS-NEX has and will continue to focus on NCD market and business since its launching, and devotes to providing high quality, efficient and professional broking services.