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Old January 21st, 2016, 02:51 PM
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Default Standard Chartered DCI

Hey buddy I’m looking for some information about Dual Currency Investment facility conducted by the Standard Chartered Bank?
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Old January 21st, 2016, 03:36 PM
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Join Date: Mar 2012
Posts: 33,070
Default Re: Standard Chartered DCI

Yes buddy I will help you here to get the information about Dual Currency Investment facility conducted by the Standard Chartered Bank so that you can have idea about it.

Standard Chartered's Premium Currency Investment is a dual-currency investment that gives you more control with potentially higher returns.

Feature of DCI

Standard Chartered's Premium Currency Investment offers you potential returns up to 15% p.a.*.
Short Tenures

Choose from a range of short tenures. You can invest for just 1 week or 1 month.
Customised Deals

Our customised deal means you select the currencies*** and the conversion rate for your investment.

Currencies Available

Australian Dollar

Euro Dollar

Japanese Yen

New Zealand Dollar

Pound Sterling

US Dollar

Process of working of DCI
Step 1:

In DCI let's assume you have funds of MYR250,000 and you do not mind holding New Zealand Dollars (NZD).

Step 2:
After that the Reference Exchange Rate on the trade date between these two currencies (NZD/MYR) is 2.4769.

To be more conservative you can set a Target Conversion Rate (TCR) of 2.4680.

Step 3:
You don't need the funds for the next 2 weeks, so you choose a 14-day tenure.

At this stage, they will inform you of the confirmed interest rate you will enjoy.

You can assume it is 15% p.a. for this example.

Step 4:
On Fixing Day (2 business days before maturity), we will determine whether your funds plus the confirmed interest will be repaid in MYR or NZD.

Standard Chartered Bank
1 Basinghall Avenue
London, EC2V 5DD
United Kingdom

+44 (0)20 7885 8888
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