Investments - Premium Currency Investment - Standard Chartered Bank Malaysia Berhad

Premium Currency Investment is a dual currency investment that gives you more control with potentially higher returns.

All you have to do:

1.	Choose a base currency.
2.	Choose another currency as your alternate currency.
3.	Agree on a Target Conversion Rate (TCR) to be applied between the two currencies.
4.	Decide on your placement tenure.

On maturity, you will get both principal and interest in either the alternate currency (to be converted at TCR) or the base currency.

This investment is ideal for you when:

1. You wish to enjoy higher potential earnings in either currencies

• Enjoy yield as high as 7% p.a. to 15% p.a.
Earn yield that is higher than conventional Fixed Deposit in your base currency.

• Take advantage of a weaker currency
If you are holding a currency that may be weakening against an alternate currency, take this opportunity to receive a higher interest rate, which may act as a buffer against the fall in value of the currency you are holding.

2. You seek superior pricing and service

• Real-time pricing for better informed investment decision-making
Gain the flexibility to potentially gain from foreign currency movements.

3. You want control over your investments

• Choice of currency
Within our range of available currency selection, you decide on the base and alternative currency pairing.

•	Australian Dollar	•	New Zealand Dollar
•	Euro Dollar	•	Pound Sterling
•	Japanese Yen	•	US Dollar

• Choice of tenure
Take advantage of tenures as short as one week, two weeks or a month.

• Choice of investment amount
Your investment amount can be as small as RM50,000* (or equivalent).

*The minimum amount is RM250,000. However, for individuals with net personal assets exceeding RM3 million or its equivalent in foreign currencies, or non-individuals with net assets exceeding RM10 million or its equivalent in foreign currencies, an investment amount of RM50,000 can be accepted.

How does Premium Currency Investment work to your benefit?

Disclaimer: The transaction details above are only indicative of an investment made in MYR referencing to NZD and is purely for illustration purpose only. The Day Count Fraction and the correlation between the Reference Exchange Rate (RER) and the Target Conversion Rate (TCR), which determines the redemption amount and currency of the payout at maturity, may differ from the indicative transaction details above depending on the currency pair of your investment.

What are your available options if your base currency is converted to the alternate currency?

For example if your MYR is converted into NZD:

1.	You can put your NZD into a time deposit account. This way, you can enjoy an interest rate that is usually higher than most MYR fixed deposit accounts².
2.	You can wait for the NZD to appreciate back to 2.4680 or higher. You can then decide if you want to convert the funds back to MYR.
3.	You can remit the funds to New Zealand for your personal use, e.g. to pay for your child’s overseas tuition fees.
4.	You can open another Premium Currency Investment account with NZD as your base currency and MYR as the alternate currency, to potentially earn another round of higher interest rates. You may again set the TCR at the same level of 2.4680.

Like more information? Click Liberalisation on the Foreign Exchange Administration Policies or learn more through the Frequently Asked Questions.

Terms and conditions apply. The Bank reserves the right to amend the facilities, and terms and conditions without notice.

What You Can Do Next

Come and discuss your needs with us.

Locate a branch near you

²Source: Standard Chartered Bank, Financial Markets

Premium Currency Investment is not a deposit but an investment product. Unlike traditional deposits, Premium Currency Investment has an investment element and returns may vary. The return on Premium Currency Investment will be dependent, to at least some extent on movements in specified currency exchange rates. Currency exchange rates are affected by a wide range of factors, including national and international financial and economic conditions and political and natural events. The effect of normal market forces may at times be discounted by interventions by central banks and other bodies including foreign exchange controls being imposed. At times, the exchange rates and prices linked to such rates may rise or fall sharply. Such rise and fall in rates can result in a loss on the principal sum (in comparison with the amount of the base currency initially invested) if the proceeds are paid at maturity in the alternate currency. This document does not constitute any recommendation that any person enters into any transaction described or any similar transaction and must be read in conjunction with the Currency Linked Deposit Customer Agreement. You may wish to seek advice from a licensed or an exempt financial adviser before making any commitment to invest in this product. In the event that you choose not to seek advice from a licensed or exempt financial adviser, you should carefully consider whether this product is suitable for you.

WARNING:
THE RETURNS ON THIS INVESTMENT WILL BE AFFECTED BY THE PERFORMANCE OF THE UNDERLYING INSTRUMENTS/REFERENCE. THE RETURNS ARE UNCERTAIN AND THE CUSTOMER RISKS EARNING NO RETURNS AT ALL. IF THE INVESTMENT IS REDEEMED EARLY, THE CUSTOMER MAY LOSE PART OF THE PRINCIPAL SUM INVESTED.