Bond placement is a tool aimed at conservative investors seeking to obtain returns through interest rates. Its operation is similar to a fixed-term deposit, although unlike it, the rates arise from the free supply and demand between bond placers and fund takers in the market.

The bond can have a term of 1 to 120 consecutive days, although normally the most liquid terms are the shortest. There are bonds in local currency and in dollars.

Taking out a bond is the counterpart to placing a bond, where an investor delivers negotiable securities as collateral and obtains funds from the market. It is a way to obtain agile financing to leverage a position or have liquidity without having to liquidate positions.