Deposit and Savings Certificates: Economic Advantages and Problems of Use

A market economy and a civilized banking system have been developing in Russia for more than 25 years. However, some sectors of the financial market have not reached a decent level of development yet. Among them is the market of deposit and savings certificates. In conditions of instability and short-term resource base of banks, certificates as instruments of the short-term stock market could be sought after by participants of the banking system. However, despite the actions taken by the banking community, there are no significant positive changes. This determined the relevance of the research topic. The author studies modern features of the deposit and savings certificates market formed in Russia and determines the range of factors influencing the policy of banks in this area. The author justifies the necessity and expediency of the development of this sector of the securities market, emphasizing its merits for both issuers and individuals placing money in certificates.