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Multicurrency Deposit: Now Provides More Convenience

News - March 4, 2011

We offer you additional comfort features to enable you to make well-timed decisions concerning your multicurrency deposit.

As exchange rates are prone to considerable fluctuation, a multicurrency deposit is an excellent risk-mitigating instrument. Beyond that, the deposit is an interest-earning product and a way to bring you extra income.

As a multicurrency deposit holder, you are able to always keep market swings in check. We offer you to hedge your deposit from foreign exchange risk (also known as ‘currency risk’). You won’t need to track exchange-rate dynamics.   

Your private banker (acting under your instructions) will get in touch with you as soon as the exchange rate for your chosen currency reaches the definite level you have specified. Thus, you will be able to make a well-thought-out decision as to whether to hold open currency position or to give a currency conversion order, i.e. to immediately convert funds from one currency to another. The service is designed to safeguard you from considerable loss. Also, it will allow you to avail of exchange-rate hikes to reap extra income.

For more detailed information, please refer to your private banker.

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