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Investor Definitions

CALLABLE CDS

These give the issuing bank the right to terminate - or "call" - the CD after a set period of time, but they do not give the CD holder the same right. If interest rates fall, the issuing bank might call the CD.

CALLABLECDCDS

These give the issuing bank the right to terminate – or “call” – the CD after a set period of time, but they do not give the CD holder the same right. If interest rates fall, the issuing bank might call the CD.