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How does CLD work? |
* Either the Deposit Currency or Linked Currency must be USD or HKD.
# Fixing date and maturity date will be indicated on the deposit confirmation.
ª Any withdrawal or termination is not allowed prior to maturity.
^ Fixing rate refers to the prevailing market rate as quoted by the Bank on the fixing date at around 2:00 p.m. |
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