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What are the key features?
Premium interest rate from the embedded option
CLD may allow you to take advantage of foreign exchange movements to earn an extra interest which derived from the selling of a put option over the Linked Currency.
Variety of major currencies*
We offer you a choice of 9 currencies including HKD, USD, AUD, CAD, CHF, EUR, GBP, JPY and NZD.
Minimum deposit requirement
Minimum of USD 5,000 or equivalent to set up a CLD.
Flexibility of deposit tenor
You will be able to choose from various deposit tenors range from 1 week to 6 months.
Interest rate
In addition to traditional deposit interest, an extra interest which derived from the selling of a put option over the Linked Currency will be offered. The interest rates depend on the selected currencies, tenor and market conditions.
Conversion Rate
To meet your needs, you can choose a Conversion Rate between the 2 selected currencies.
On the Fixing Date#
The Bank will compare the Conversion Rate with the relevant market rate ("Fixing Rate")^ to determine whether the principal and interest will be repaid in the Deposit Currency or Linked Currency.
On the Maturity Date#
The principal and interest in the Deposit Currency or Linked Currency will be credited to your designated account maintained at the Bank.
Early withdrawal or termination
No withdrawal or termination will be allowed prior to the maturity.
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If the deposit amount is less than or equal to USD 60,000 (or equivalent), either the Deposit Currency or Linked Currency must be HKD or USD.
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Fixing Date and Maturity Date will be indicated on the deposit confirmation.
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Fixing Rate refers to the prevailing market rate as quoted by the Bank on the Fixing Date at around 2:00 p.m.
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This product is NOT principal protected and is NOT protected by the Deposit Protection Scheme in Hong Kong.
The contents of this website have not been reviewed by any regulatory authority in Hong Kong. You are advised to exercise caution before investing in this product. This section is a part of the offering documents for this product. You should not invest in this product based on this section alone. If you are in any doubt, you should obtain independent professional advice.
CLD involves derivatives. The investment decision is yours but you should not invest in this product unless the intermediary who sells it to you has explained to you that the product is suitable for you having regard to your financial situation, investment experience and investment objectives.
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 Risk disclosure statement
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