Negotiable Instrument of Deposit is an financial instrument issued by a bank to interbank counterparty to certify that a certain sum in MYR or Foreign Currency has been deposited with the issuing bank. It has a fixed tenor at a specified rate of interest (coupon rate may be fixed, floating or zero). It can be bought or sold to interbank counterparty, but cannot be redeemed before its maturity.

NID is not protected by Perbadanan Insurans Deposit Malaysia. Money withdrawn from your insured deposit(s) is no longer protected by PIDM if transferred to a non-deposit account, e.g. Unit Trust, Bond, Dual Currency Investment (DCI), Floating Rate Negotiable Instrument of Deposit (FRNID), Structured Investment, ASNB, Investment Account-i etc.

Short Term Placement provides an alternative investment avenue for corporate customers to place their excess funds with the bank at a more flexible tenor as compared to the rigid tenor of fixed deposits. Member of PIDM. Protected by PIDM up to RM250,000 for each depositor.

Click here for STP Terms & Conditions

BA is a bill of exchange drawn on and accepted by a bank with a specific maturity date to finance a customer for a trade transaction such as export, import and domestic trade. Trade companies may use this financing facility as a flexible source of working capital. Other investors also may purchase the Bas issued by the bank as a short term investment. BA can be sold to other investors if the owner of the BA need fund.