Inter-bank certificates of deposit (NCD) can be included in time deposits, can be included in or deposited at the bottom, and enjoy the deposit insurance to be launched in the future. The large negotiable certificates of deposit issued by NCD to commercial banks can be transferred and circulated in the financial market, which plays an important role for commercial banks to actively issue certificates of deposit to absorb stable deposit funds. Deposit-taking financial institutions can determine the issuance period of each interbank deposit by themselves within the issuance filing quota of the current year, but when the issuance amount is not less than 50 million yuan, interbank deposits will be used instead of interbank deposits.

1, 1986, Bank of Communications launched the domestic water testing process. After years of slow development, the central bank finally suspended the approval of bank NCD issuance on 1997, which means the termination of NCD business.

2. Due to the obvious trend of long-term deposits and current loans in China, banks are facing more and more asset challenges. NCT is a stable debt instrument, which is of great significance for banks to absorb stable deposits.

3. The issuance of 3.NCT will be a key step to promote the marketization of deposit interest rate in China, which is equivalent to establishing a large deposit certificate market in the interbank market. It can make the interest rate marketization reform in China smoother.

From April 2065438 to March 2003, the central bank was also considering trying to issue interbank deposit certificates, which opened the prelude to the market-oriented reform of deposit interest rates. Relevant persons said that the marketization of deposit interest rates cannot be achieved overnight, and the marketization of deposit interest rates has not been fully pushed forward, but it is a good time window to launch interbank deposit certificates in the interbank market. Interbank deposit receipt business is still active in the inter-bank market, and offline transactions generally bring regulatory difficulties to the central bank, but it also provides an opportunity for the pilot issuance of interbank deposit receipts.

To sum up, inter-bank NCD, as a reform conducive to the marketization of deposit interest rates, is being tried and analyzed by all walks of life as a bookkeeping method. This is a time deposit certificate. We don't know when China can fully develop inter-bank NCD. We can only wait for the introduction of relevant national policies.