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What is Currency Linked Deposit? |
Currency Linked Deposit (CLD) is a combination of traditional time deposit and currency option. In addition to traditional deposit interest, it pays an extra interest derived from the option, offering you a chance to enhance the potential returns by taking advantage of foreign exchange movements.
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Benefits Offered by CLD |
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- Rewarding interest return
CLD may allow you to take advantage of foreign exchange movements to earn substantially higher returns than a traditional time deposit based on the premium interest rate.
- Variety of major currencies *
We offer you a choice of 9 currencies including HKD, USD, AUD, CAD, EUR, GBP, NZD, CHF and JPY to meet your needs.
- Low minimum deposit requirement
It only requires USD5,000 or its equivalent to set up a CLD. You can also choose a pre-agreed fixed conversion rate between the two selected currencies ("Conversion Rate") to suit your different investment objectives and risk appetite.
- Flexibility of deposit tenor+
You will be able to choose from various deposit tenors starting from 1 week, giving you more flexibility in reaching your investment goals to enhance wealth growth.
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Who should consider investing in CLD? |
- Want to earn a higher return than the traditional time deposit, and
- Willing to hold both the deposit currency and the linked currency; or
- Believe the exchange rate between the deposit currency and the linked currency would be relatively stable.
Risk Disclosure Statement
Linked deposit is not the same as nor should it be treated as a substitute for normal time deposits. The interest earnings on the Deposit will depend on the market conditions at the fixing time and at maturity. The customer must be prepared to take risk, as the Deposit and its earnings will be paid in the Deposit Currency or the Linked Currency, whichever has depreciated against the other, the customer will bear the potential losses due to depreciation. Such losses may reduce the interest earnings and the principal amount of the Deposit substantially.
This page is for information purposes only and does not constitute any offer or solicitation or advice regarding the CLD. No indication, representation, guarantee or other assurance as to the outcome of any investment has been made or will be given to you by or on behalf of Shanghai Commercial Bank (“the Bank”). The examples used in this page are for illustration purpose only and are not based on past record. Unless due to the negligence or wilful default of the Bank, the Bank’s authorized officers, employees or agents, the Bank accepts no liability whatsoever for any loss arising from the use of and/or reliance upon this page or its contents. These pages or any part hereof should not be reproduced, distributed or published by any recipient for any purpose without the Bank's prior written approval.
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( 852 ) 2818 0282