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Dual Currency Plus
What is a Dual Currency Plus?
HSBC's Dual Currency Plus is an investment that offers you the potential to earn higher returns through investing in a currency-linked option. By selecting a currency pair you are comfortable with and indifferent to holding, it allows you to take advantage of exchange rate movements to earn potentially higher returns.
- Choice of Tenors
Invest in tenors ranging from one week to three months. - Wide array of currencies
Choice of US dollar, Singapore dollar, Hong Kong dollar, Australian dollar, New Zealand dollar, Canadian dollar, euro, sterling, Swiss franc and Japanese yen.
All you need is a minimum of S$50,000 (or its equivalent in other currencies) to start your investment in Dual Currency Plus.
Who would be suitable for Dual Currency Plus?
- Companies who have cash flow requirements in more than one currency
- Companies who are willing and able to take foreign currency risks in return for a potential to earn higher returns on their investment
How the Dual Currency Plus works
- Start your investment by choosing a base currency, linked currency and tenor.
- Based on prevailing currency market conditions and your views on the currency market, you can select the preferred conversion rate between the base currency and linked currency. This will in turn determine the return that you will earn from this investment.
- At maturity, you will receive your proceeds in either the base currency or the linked currency, depending on which is the weaker currency.
Benefits
Dual Currency Plus offers you an alternative to diversify your investment portfolio through foreign exchange and linked instruments.
Risks
There is no guarantee that you shall receive the principal of your original amount invested at maturity as your funds will be exposed to foreign exchange volatility. You must be prepared to incur a loss in the value of the principal of the maturing amount if it is converted to the linked currency. Such loss may be in excess of the interest gained from Dual Currency Plus. If you receive the linked currency and decide to keep it, you may incur further losses if the linked currency depreciates.
Investor commitment:
This investment is likely to be suitable for you if you are willing to take foreign currency risks in return for earning higher returns on the amount invested in maturity, and are comfortable with holding on to either the base currency or linked currency.
You are confident that you will not need to access the amount invested during the tenor of the investment that you have sufficient liquid funds to meet unforeseen circumstances.
Important Notes:
Dual Currency Plus is not a deposit but an investment product. With Dual Currency Plus, the principal sum and returns are repayable either in the currency in which the investment is made (“base currency”) or an alternative currency (“linked currency”) at maturity. Early withdrawal of Dual Currency Plus is not permitted. Dual Currency Plus is inherently speculative in nature and carries risks. In particular, foreign currency market movements are unpredictable. If the proceeds at maturity are paid in the linked currency (as opposed to the base currency), there is a possibility that you will suffer a loss on your principal sum when compared with the amount of the base currency initially invested. As your investment is denominated in a foreign currency, you are advised to consider the impact of any foreign exchange risk on the net returns of your investment. Foreign exchange controls may be imposed by the country issuing the foreign currency from time to time and may delay or prevent the repayment of principal amount to you.
This webpage is for information only and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment.
Visit us at:
Collyer Quay Branch, 21 Collyer Quay Level 2 HSBC Building Singapore 049320
Contact us
Visit our Commercial International Banking Centre
Phone: 1800 216 9008 (Singapore) (65) 6216 9008 (overseas)
8.30 am to 6.00 pm, Monday to Friday
