Spread-based assets (deposits)
form the component of the financial wealth where the revenue stream for the issuer of the deposit, but not necessarily the distributor of the deposit, is derived from the interest differential between loans and deposits. The spread is the difference between the rates at which money is deposited in a financial institution and the higher rates at which the money is lent out. Spread-based assets include savings deposits, GICs, GIAs and market-linked GICs. Spread-based assets held within fee-based accounts or programs contribute to that category.