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A Dual Currency Deposit (the "Deposit") is a foreign exchange-linked term deposit that is exposed to foreign exchange rate risk*. A Deposit enables you to potentially receive an enhanced yield over and above the prevailing market interest on a conventional time deposit of the same principal amount over the same deposit period. However, you must accept the risk that the Principal Amount of the Deposit may be reduced as a result of exchange rate movements and the conversion of the Principal Amount from the Deposit Currency to the Payment Currency. The Principal Amount of a Deposit will be repaid by the Bank in either the Deposit Currency or the Alternative Currency depending on the exchange rate movements of the two currencies and their levels at or about the Payment Currency Fixing Time. Interest on a Deposit will always be paid on maturity, in the Deposit Currency.
* foreign currency exchange rates may fluctuate from time to time.
For more information, please call our Client Relationship Managers on (852) 2826 8163 or visit our office at Level 27, One Pacific Place, Queensway, Hong Kong.
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