Hong Leong Bank launches new product Aug 16, 2008
KUALA LUMPUR: Hong Leong Bank yesterday launched its new floating rate negotiable instrument of deposit (FRNID), Hong Leong Universal Leisure FRNID.. In a statement, Hong Leong said the FRNID, a 100% capital-protected investment product, aimed at maximising returns for investors through two key features. (The Star Online, Malaysia -- Business)
OSK-UOB confident of 6% returns from new fund Aug 1, 2008
The funds principal strategy is to invest 85% to 100% of the capital raised in a three-year zero coupon negotiable instrument of deposit to protect the funds capital. The remainder will be invested in equities and/or derivatives of companies with strong underlying growth potential. (The Star Online, Malaysia -- Business)
HLB unveils new product Jul 22, 2008
KUALA LUMPUR: Hong Leong Bank Bhd's (HLB) Himalaya Opportunity floating rate negotiable instrument of deposit (FRNID) will offer potentially higher returns than a fixed deposit. In a statement, HLB said the three-year principal-protected FRNID launched yesterday aimed to give better investment returns in a climate that was presently filled with much anxiety. (The Star Online, Malaysia -- Business)
More of this story Jun 25, 2008
In years past, if one purchased a pistol permit or car tag or paid property taxes, odds are a negotiable instrument, such as a check or money order, was made payable to the person serving as sheriff, probate judge or revenue commissioner. On Monday, commissioners approved a resolution urging these and other elected officials to adopt a policy change that would allow those payments be accepted only if those instruments are payable to the officeholder individually. (Andalusia Star News, AL)
Public Bank launching new investment product May 31, 2008
The three-year investment via floating rate negotiable instrument of deposit was 00% capital protected if held to maturity, Public Bank said in a statement. It was suitable for investors seeking potentially higher returns compared with current fixed deposit rates without taking any risks on their capital invested, it said. (The Star Online, Malaysia -- Business)
PSB lending be govt determined May 26, 2008
The recent report of the committee on financial sector reforms observed: With the promulgation of the Warehousing (Development and Regulation) Act, 2008, warehouse receipts will become a negotiable instrument. Assuming that at any time, about 15-20% of the annual agricultural produce is stored in warehouses, the Act has the potential to inject over $30 billion of agricultural credit. (India Times)
OSK-UOB eyes 15%-23% return from new fund May 9, 2008
The funds principal strategy is to invest 87% to 100% of the capital raised in a three-year zero coupon negotiable instrument of deposit to protect the fund's capital and the remainder of up to 10% of the capital raised in over-the-counter options issued on a gold index, JP Morgan Gold Excess Return Index, to generate the returns. The options are purchased from JP Morgan Chase Bank (London branch) and has a participation rate of 100%, Ho said. (The Star Online, Malaysia -- Business)
SC wants Sridevi to explain Rs 9.6 cr cheque bounce00004000 May 6, 2008
The HC, while staying proceedings under Section 138 of the Negotiable Instrument Act before the trial court on March 26 this year, had directed the Mumbai police to investigate the matter relating to forgery charges. The Guptas and their firms, had moved SC through counsel K K Mani, alleging that Sridevi "in the course of her business under banners - Sridevi Productions, Narasimha Enterprises and S K Film Enterprises - had availed financial assistance and credit facility from them". (India Times, India -- Community News)
HLB offers Double Happiness FRNID Mar 1, 2008
KUALA LUMPUR: Hong Leong Bank Bhd recently launched its third floating rate negotiable instrument of deposit (FRNID). The Double Happiness FRNID is a three-year principal protected investment with a guaranteed return of 10% per annum within the first quarter. (The Star Online, Malaysia -- Business)
OCBC Bank launches agribusiness fund Feb 15, 2008
The Agri-Property Outperformance FRNID (floating rate negotiable instrument of deposit) could potentially earn up to 8% a year while enjoying 100% principal protection if the investment were held to maturity, said OCBC Bank in a statement. . (The Star Online, Malaysia -- Business)
OCBC unveils 3rd water-stock fund Dec 21, 2007
PETALING JAYA: OCBC Bank (M) Bhd has launched the third tranche of its Precious Water floating rate negotiable instrument of deposit (FRNID) whose distinctiveness lies in its ability to provide customers the opportunity to ride on the growth of global water-related stocks. This follows the success of two earlier tranches launched almost a year ago. (The Star Online, Malaysia -- Business)
Maybank targets RM300m new deposits Oct 23, 2007
The bank's first syariah-compliant negotiable instrument deposit (NID) is aimed at offering 100% capital protection and a minimum 9. 8% guaranteed return if held to maturity. (The Star Online, Malaysia -- Business)
Structured products open up new growth area for CIMB wealth managers Aug 2, 2007
"Malaysians are starved of investment assets and structured products provide them with an alternative,'' he said at the launch of CIMB Bank's Dynamic Growth plus Income Capital Guaranteed FRNID (floating rate negotiable instrument of deposit) on Thursday. Being one of the first financial institutions to have introduced structured products to the Malaysian investing public, CIMB Group had first mover advantage, he added. Structured products are investment instruments created to meet the needs... (The Star Online, Malaysia -- Business)
Maybank launches new investment product Jul 25, 2007
The floating rate negotiable instrument of deposit has a medium-term investment tenure of 45 months and the maturity term is three years nine months. The unique feature of AsiaPac Hybrid was that regular income payments would be made throughout the investment tenure, Maybank consumer banking head Spencer Lee said at the launch of the product on Wednesday. (The Star Online, Malaysia -- Business)
Borrowers clash on payday loans May 22, 2007
"A person shall not provide deferred presentment services in this state. A person who violates this section is guilty of a Class 5 felony. For the purposes of this section, 'deferred presentment services' means a transaction pursuant to an agreement in which a person submits a check to another person in exchange for cash, a check or another negotiable instrument and the person who accepts the check agrees to hold the check for any period of time before that person presents the check for payment... (AZCentral -- News)
CIMB launches Twin Win Floating Rate Negotiable Instrument Apr 19, 2007
KUALA LUMPUR: CIMB group yesterday launched Twin Win Floating Rate Negotiable Instruments of Deposit (FRNID). The aim is at providing investors with good returns in a bull market or otherwise. (The Star Online, Malaysia -- Business)
Moving money withoutreally moving it Sep 19, 2006
Unlike traditional banking or even the chop system, hawala makes minimal (often no) use of any sort of negotiable instrument. Transfers of money take place based on communications between members of a network of hawaladaar, or hawala dealers. (Asia Times Online)
