Products
The Products We Offer
These include, but not limited to:
Spot Foreign Exchange
We have a competent customer relationship management process,
high level service in terms of feedback and a huge balance
sheet size that enables us tackle relatively large amounts
at very competitive pricing.
Forward Foreign Exchange
You exchange one currency for another at a rate agreed today
with delivery at some time in the future. You benefit from
fixed future exchange rates, which provides protection against
subsequent adverse exchange rate movements in the spot foreign
exchange market. This gives you known future cash flows and
accurate budgeting.
Structured Deals
Standard Chartered Bank was the first bank to introduce and
trade in Currency options products in the Kenyan market. We
offer competitive and innovative structured solutions to our
clients that enables you enhance interest returns and also
minimise foreign exchange costs. We work hand in hand with
colleagues in Trade Finance, credit e.t.c to structure solutions
for clients in all areas.
Foreign Currency Deposits
We accept fixed term deposits in major foreign currencies
and pay attractive rates of interest
Principal Protected Deposit
Let your deposits enjoy the possibility of a higher than normal
return whilst providing you with capital protection.
High Yield Deposit
A high yield deposit is a new and exciting investment opportunity
for depositors to earn a higher rate of interest than a traditional
time deposit.
High Yield Deposits can pay a higher rate of interest than
normal time deposits because you grant the Bank the right
(but not the obligation) to repay your deposit at maturity
in a specified alternative currency and at a conversion rate
predetermined at the time the deposit is made.
High Yield Deposits are suitable if you wish to obtain a higher
interest rate than that of traditional deposits. The extra
interest differential acts as a partial buffer against depreciation
of your deposit currency.
*Alternatively, if your deposit currency appreciates and you
get repaid in the alternative currency, you also benefit from
the upward movement in the exchange rate, up to the Fixed
Conversion Rate.
The deposit is particularly suitable if you have intentions
to convert your base currency into another currency at an
exchange rate (conversion rate) chosen by you at the maturity
of your deposit.
* Risk
Note: If you were immediately to convert back the currency
delivered by the bank into the base currency, you risk to
lose the differential between market rate and the conversion
rate of the deposit.
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