An investment that yields
potentially higher returns

• Maximise money-making opportunities with tenors as short as one week
• Enjoy interest rates higher than traditional fixed deposit
• Chances for you to buy foreign currencies at lower rates
• Real-time pricing for you to make better informed investment decisions

1. Place a Foreign Currency deposit as your base currency
2. Choose another currency as an alternate currency
3. Decide on the deposit period
4. Agree on a Target Conversion Rate (TCR) to be applied between the two currencies

	Let's assume you have funds of SGD100,000
	You do not mind holding AUD
	Let’s say the Spot Exchange Rate between these two currencies is 1.2200. However, preferring to be more conservative you set a Target Conversion Rate (TCR) of 1.2150
	As you would not be using the funds in the next month, you choose a tenor of one month
	At this stage, we will inform you of the guaranteed interest rate that you will enjoy. In this case, let’s assume it is 8% p.a.
	On Fixing Day (two business days before maturity), it will be determined if your funds plus the guaranteed interest will be repaid in SGD or AUD

Scenario 1     SGD weakens against AUD, compared to the TCR you have set. It now trades at 1.2250.     You will receive your funds + one month’s interest in SGD Which is: 100,000 + (1/12 x 8% x 100,000) = SGD100,667**

Scenario 2     SGD strengthens against AUD, beyond the TCR you have set. It now trades at 1.2050.   You will receive your funds + one month’s interest in AUD converted at TCR of 1.2150. Which is: (100,000 + 667) ÷ 1.2150 = AUD82,853^ (if converted at SGD/AUD spot of 1.2050 at expiry, SGD equivalent is SGD99,838^ representing a shortfall of SGD162^)

* AUD, EUR, GBP, HKD, JPY, NZD, SGD or USD.

** Figure has been rounded to the nearest dollar.

^ The actual profit/shortfall is dependent on the spot SGD/AUD at expiry.

There may be risks associated with this product. For more information, please refer to Know Your Investment Risk (KYIR) - Premium Currency Investment.

Bank's other terms and conditions apply.