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Corporate Information
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Corporate Internet Banking
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Negotiable Deposits by Insurance Companies
| | |  | | SPDB offers Large-amount Deposits with Negotiable Interest Rate for insurance companies, that is, SPDB absorbs RMB deposits from Chinese insurance companies (the legal entity only) above RMB 30 million for a single case with a tenor over 5 years and the interest rates are negotiable. Such deposits must be confirmed by both signing the deposit contract and issuing a negotiable deposit certificate. Such contract shall only be signed between the commercial bank HO legal person and the insurance company legal person.
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