What Is A Deposit Certificate And Does It Have A Place In The Bulgarian Banking Practice?

The questions about the nature and application of certificates of deposit in bulgarian practice have not been developed extensively and in its entirety. There are primarily theoretical publications in academic textbooks or articles. This fact is explicable as one of the most common, liquid, low-risk financial instruments in the world do not have a place in the national currency market for quarter of a century. What are certificates of deposit, what kinds are they, how to calculate the yield on them and how are they traded on the money market are just some of the questions the current article would provide with an answer. More importantly for our practice, however, is to seek answers to the questions: "Does deposit certificates have a place on the Bulgarian money market?", "What are the advantages for depositors and banks with their implementation?", and "What proposals can be made in theoretical and practical aspect to facilitate the acceptance and accounting of deposit certificates as securities?". The author strives to give her interpretation and vision on these matters in the current material.