什么是代理 CD？
提到大额存单，人们往往会想到当地银行出售的存单。 然而，富达为投资者提供了一种不同类型的 CD，称为经纪 CD。 它们提供许多与传统 CD 相同的功能——例如固定回报率和 FDIC 保险——同时提供一些独特的优势。

经纪 CD 由银行为经纪公司的客户发行。 CD 通常以大面额发行，经纪公司将它们分成小面额转售给客户。 由于存款是开证行而非经纪公司的义务，因此适用 FDIC 保险。

经纪 CD 可以在二级市场上交易，因此通常比银行 CD 更具流动性。 尽管经纪 CD 将在到期时返还投资者的本金，但如果在到期前出售，其价值将根据规模、到期前剩余时间和当前利率环境而波动。 经纪 CD 也是便携式的，可以从一家经纪公司转移到另一家经纪公司，允许所有者整合一家公司的资产。

经纪 CD 的另一个优势是能够将您的 FDIC 覆盖范围扩大到每个账户所有者通常 250,000 美元之外。 虽然银行本身没有能力超过 FDIC 保险限额，但 Fidelity 提供来自数百家不同银行的许多 CD，每一种都提供 FDIC 保护，最高可达当前 FDIC 限额。 通过将不同银行发行的多张 CD 组合到您的 Fidelity 账户中，您可以扩大保护范围。

虽然在二级市场上出售经纪 CD 的能力有其优势，但也有其风险。 二级市场可能有限，导致您出售的经纪 CD 的出价较低。 二级市场上 CD 的市场价值可能受到许多因素的影响，包括利率、赎回或阶梯特征等条款以及发行人的信用评级。 与所有固定收益证券一样，CD 价格特别容易受到利率波动的影响。 如果利率上升，流通在外的 CD 的市场价格通常会下降，如果您决定在二级市场上出售它们，就会造成潜在的损失。 到期前出售的 CD 也有优惠。

经纪 CD 还有其他优势和风险。

https://www.fidelity.com/fixed-income-bonds/cds
What is a brokered CD?
When it comes to certificates of deposit, people tend to think of the CDs sold at their local bank. However, Fidelity offers investors a different type of CD, called a brokered CD. These offer many of the same features of a traditional CD—such as fixed rates of return and FDIC insurance—while providing some distinct advantages.
Brokered CDs are issued by banks for the customers of brokerage firms. The CDs are usually issued in large denominations and the brokerage firm divides them into smaller denominations for resale to its customers. Because the deposits are obligations of the issuing bank, and not the brokerage firm, FDIC insurance applies.
Brokered CDs can be traded on the secondary market and thus are generally more liquid than bank CDs. Although a brokered CD will return an investor's principal at maturity, its value if sold prior to maturity will fluctuate based on size, time remaining before maturity, and the current interest rate environment. A brokered CD is also portable and can be transferred from one brokerage firm to another, allowing the owner to consolidate assets at one firm.
Another advantage of brokered CDs is the ability to expand your FDIC coverage beyond the typical $250,000 per account owner. While banks themselves do not have the ability to exceed FDIC-insurance limits, Fidelity offers many CDs from hundreds of different banks, each of which provides for FDIC protection up to current FDIC limits. By combining a number of CDs issued by different banks in your Fidelity account, you’re able to expand your protection.
While the ability to sell a brokered CD on the secondary market has its advantages, it also has its risks. The secondary market may be limited, resulting in a low bid for the brokered CD you are selling. The market value of a CD in the secondary market may be influenced by a number of factors including interest rates, provisions such as call or step features, and the credit rating of the issuer. Like all fixed income securities, CD prices are particularly susceptible to fluctuations in interest rates. If interest rates rise, the market price of outstanding CDs will generally decline, creating a potential loss should you decide to sell them in the secondary market. CDs sold prior to maturity are also subject to a concession.
There are other advantages and risks to brokered CDs.
贴主:nowhere1于2023_05_08 13:22:12编辑

贴主:nowhere1于2023_05_08 13:24:51编辑