Introduction
The Corporate Time Deposit is a product where the depositor deposits periodical idle funds into the bank for principal and interest withdrawal upon maturity. The deposit is computed interest according to the stipulated Tenor and Time Deposit rate published by the People's Bank of China.

Tenor 
The deposit tenor can be 3-month, 6-month, and 1-year (according to rules of the People's Bank of China)

Interest Rate
The corporate time deposit interest is computed on ground of interest rate published by the People's Bank of China on the date of deposit. In case the People's Bank of China adjusts the interest rate during the original deposit term, the interest is still computed on the rate published on date of deposit. There is no interest computation by sub-periods. Early withdrawal is applicable to current deposit rate published on the withdrawal date. 

Application Materials
The customer without settlement account is required to file for open account application and to provide the relevant documents and to leave specimen signature and stamp. The customer holding the settlement account needs to leave specimen signature and stamp without providing account opening documents.