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Subject: custom-made maturities and oter terms; Euro-funding operations Banks will often negotiate with large customers for special rates for CDs with custom-made maturities or other terms. A bank's posted rates may be slightly higher or lower than rates posted by similar banks, reflecting its desire to rake in funds at particular maturities. Such decisions are made by the bank's treasury department, which has to balance the entire bank's requirement for funds and currencies at particular maturities. For most banks, the treasury function in the London branch will conduct most of these Euro-funding operations, generally in close contact with the central office.
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