财政部、中国人民银行印发《中央国库现金管理商业银行定期存款招投标规则》

Core Viewpoint - The Ministry of Finance and the People's Bank of China have revised the rules for the central treasury cash management commercial bank time deposit bidding process to enhance the coordination between fiscal and monetary policies [1]. Summary by Sections Central Treasury Cash Management - The revised rules aim to standardize the bidding behavior for central treasury cash management commercial bank time deposits, promoting the healthy development of this business [1]. - Central treasury cash time deposits refer to the act of depositing treasury cash in commercial banks, which must pledge sufficient collateral to obtain deposits and pay interest to the Ministry of Finance [1]. Deposit Terms and Bidding Process - The term for central treasury cash time deposits is generally within one year, including various durations such as 1 month, 2 months, 3 months, 6 months, 9 months, and shorter terms like 7 days, 14 days, and 21 days [1]. - The bidding for these deposits will be conducted through a competitive bidding system, with no minimum deposit amount set for the current period [1]. Bidding Limits and Procedures - Each participating bank's bidding amount cannot exceed 15% of the current central treasury cash time deposit bidding amount [2]. - Time deposits with terms longer than one month will use a single price bidding method, while those with shorter terms will adopt a multiple price bidding method [2]. - The minimum bidding increment is set at 0.01%, with a minimum bid limit of 0.1 billion yuan [2]. Bidding Results and Emergency Procedures - If the total bids are less than or equal to the current bidding amount, the full amount will be accepted; if greater, bids will be accepted based on higher interest rates until the bidding amount is met [2]. - In case of normal bidding issues, banks must report to the central treasury cash management operation room and submit an emergency bidding form [3]. - The results of the bidding for time deposits longer than one month will disclose the bid amounts, terms, and interest rates, while shorter-term results will only disclose amounts and terms [4]. Implementation - The revised rules will take effect from the date of publication [4].