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Introduction
Corporate term deposit refers to the deposit saved by corporate customers with the temporarily idle funds, and the savings term shall be specified in the contract between the corporate customer and Bank of China. When the deposit is withdrawn upon maturity, the interest shall be calculated in accordance with the interest rate agreed on the deposit date, which is supposed to enjoy higher interest income than current deposit.
Features
1) higher interest rate. Set and adjusted by the bank.
2) Varied currency including USD$, RMB￥, KHR etc.
3) Varied tenor negotiated by and between the bank and customer.
4) Account administration fee is waived.
5) The bank will not pay for any interest while the customer withdraw the fund before the maturity date.
Target Customers
All enterprises, public institutions, NGO and self-employed businesses.
Required Documents
Corporation:
1) true copy of business license
2) true copy of Memorandum and Article of Association
3) board resolution
4) certificated true copy of directors’ passports or ID.
5) financial report (if any)
6) account application form and specimen signature card
7) anti money laundering article (suit for banking institution)
NGO:
1) registration license
2) approval letter issued by Cambodia government.
3) execution committee resolution
4) true copy of authorized letter for representative
5) true copy of article of association
6) account application letter & specimen signature card
Fee charge: All the fee charge shall be specified in the agreement.
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