Deposit-taking institutions need to start making plans for how they will structure and market their deposit products under Basel III.The Reserve Bank issued a reminder yesterday that at-call accounts are generally assessed as having more rapid run-off rates under Basel III liquidity standards.RBA assistant governor Guy Debelle said in a speech: "At-call online saver accounts will not be particularly attractive from the banks' point of view once those liquidity standards take effect from the beginning of 2015."That does not seem to have affected the pricing of the products yet, but it will be interesting to see how that evolves both in terms of pricing and product design as we approach that date."The Basel III liquidity coverage ratio, which takes effect in 2015, requires large approved deposit-taking institutions to have sufficient liquid assets to operate for 30 days without access to funding.The Basel III net stable funding ratio, which takes effect in 2018, requires that large ADIs be fully funded with "stable deposits". The RBA has noted previously that within banks' deposit funding there has been a marked shift towards term deposits, which have accounted for most of the growth in bank deposits since the onset of the financial crisis.Term deposits now account for 45 per cent of bank deposits - up from 30 per cent in mid-2007. However, there are issues with term deposits as well. Last November, the Australian Securities and Investments Commission issued a consultation paper on these. It envisages that financial institutions will have to come up with a different name for certain types of term deposits and will have to issue warnings to consumers.For retail term deposits to achieve recognition of the term a necessary condition is that the depositor has no legal right to withdraw within a 30-day period. According to ASIC's senior executive leader for deposit-taking, credit and insurance, Greg Kirk, the long-standing practice among deposit-takers is to allow term deposits to be breakable at the depositor's discretion and at short notice.The institution may charge a fee or impose an interest penalty as a break-cost, but Kirk said this was rarely the case these days.  Under current ASIC rules, term deposits are classified as "basic deposit products", with minimal training and disclosure requirements for the issuer.ASIC said there was some doubt as to whether a term deposit with a 31-day period of notice for redemption would qualify as a basic deposit product.Without that classification, term deposits may have to be sold with a product disclosure statement. Staff selling the product would have to meet a higher standard of training and, if advice was given with the sale, a statement of advice would have to be issued to the customer.The consultation paper said: "We are considering whether it would be appropriate to give class order relief so that term deposits of up to two years that can only be broken with 31 days' notice would be subject to the same regulatory requirements as a basic deposit products."However, that relief may come with strings attached. ASIC