Regulatory Alerts2008-04-29 | 1905571607Added · Updated
Banking Circular No 3 of 2008 - Term Auction Deposit
The Central Bank of Kenya plans to introduce a new deposit product, the Term Auction Deposit, with features including a competitive auction bidding system and flexible tenures ranging from 3 to 90 days. The product will be tested on April 28 and 29, 2008, and officially launched on April 30, 2008, with a threshold of KES 20 million for initial bids.
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