Hello again. Have you come to a decision?
I'm still not sure about these'Visible'Certificates. What's the real difference, except the amounts available?
Visible Certificates are registered and the holders of these can report any loss directly to the bank. Also, they can be cashed in advance, before the maturity is up.
Right. How about the Bearer Certificates? Can they be cashed before the maturity date?
Unfortunately, not. You see, because they are not registered, they can be bought and sold by anyone. They also can be cashed on maturity in any nationwide financial institution.
So, if I was strapped for cash, I could transfer it to get some money?
Technically, yes.
OK, I think I've got it.