Definition
A deposit service for non-banking institutions – commercial banks, credit cooperatives, securities companies, trust companies.
Service Category
*Commercial bank deposits: deposits from other commercial banks in Huaxia Bank;
*Securities companies deposits: deposits from securities companies in Huaxia Bank;
*Insurance companies deposits: deposits from insurance companies in Huaxia Bank;
*Futures companies deposits: deposits used in the settlement for Futures Exchange or futures contracts for brokers;
*Other non-banking deposits: deposits from urban credit cooperatives, rural credit cooperatives, financial companies, trust investment companies, financial leasing companies.
Applicable Clients
All non-banking institutions – commercial banks, securities companies.
Service Flow
Open A/C.
Fill in Huaxia Bank Account Opening Application Form.
Our Teller will complete the formalities and deposit the monies into account.
Price
Deposits used for settlement of futures have interest accrued at PBOC’s rate of term deposits; deposits from futures brokers have interest accrued at PBOC’s rate of demand deposits; deposits from insurance companies have interest accrued at the normal rate of deposits. Other deposits have interest accrued at the PBOC’s inter-bank deposit rate.
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