Negotiable term certificates of deposit (CDP in Spanish)
Outstanding returns on your investment with the best financial advantages.
These are fixed term investments that give you a defined yield based on the interest rate and the term agreed upon by the customer and the bank.
These investment instruments are printed on security paper for the main certificate and each of the coupons.
Issue available in the name of private individuals or companies in US dollars or colones.
In the name of one or several depositors.
Attractive interest rates.
Negotiable on the National Stock Exchange prior to maturity. The interest depends on the amount invested and the length of the investment.
The interest coupons and the main certificate are individual instruments that can be transferred to third parties by endorsing them over to that third party.
They can be used as a guarantee for loans and other credit instruments.
The interest coupons may have the frequency you choose (monthly, quarterly, every six months, or upon maturity).
They may be compounded, meaning that the interest earned is added to the capital monthly, generating additional interest. If you prefer not to use coupons, you can cash them in upon maturity at any bank branch and deposit them into any account.
The instruments (principal and coupons) can be replaced in case of loss or theft, based on the existing procedure in the Code of Commerce.
For more information call 800-1-SCOTIA (726842) or visit us at any of our branches!
