y***g
发帖数: 3 | 1 GIC is typically sold by an insurance company to a pension fund. The yield to
maturity is guaranteed by the insurance company, that make it look like a
bank CD. There is important difference between CD and GIC: There are certain
withdrawals without penalty allowed by the insurance company, unlike CD. In
summary, the GIC provide the liquidity like a money market fund while provide
yield comparable to CD which is typically higher than money market fund.
【 在 maryjan (在海一方) 的大作中提到: 】 | a*****y
发帖数: 17 | 2 把GIC看成是CD，是insurance公司issue的而不是银行。
期限一般不长，rate是set的，大的GIC可以negotiate rate.
Insurnace credit都很好，GIC credit rating一般比BIC
高（银行发的）
Insuranc公司会invest一些long term去back GIC
的gurrantee rate，很多management比如immunization.
对于投资者，在很大程度上GIC非常象CD。
不过GIC没有FDIC的back，CD有。 |
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