Mobile Banking Currency Linked Contract - ICBC (Asia)
Sign Currency Linked Contract via ICBC (Asia) Mobile Banking App, Meet Your Different Investment Needs!
The foreign exchange market changes rapidly
How to use exchange rate trends to seize investment opportunities?
Let’s find our Currency Linked Contract!
What is “Currency Linked Contract”?
Currency-Linked Contract is a contract linked with a currency option that is a kind of Structured Deposit. Customers can choose different currency pairs and investment period with simple sign process. The minimum investment amount for Currency-Linked Contract is just USD 5,000 (or its equivalent). Investment returns depend on the investment period and strike rate between base currency and linked currency.
- You can select the Base Currency, Linked Currency and set your own tenor based on your own forecast for the foreign exchange market (subject to Bank’s availability)
- A wide choice of Base Currency and Linked Currency -. HKD, USD, EUR, GBP, CAD, JPY, AUD, NZD, CHF or RMB
- Flexible tenures - Investment period of 1-week, 2-week, 1-month, 2-month, 3-month or 6-month
- Strike Rate at your choice - set your own Strike Rate at, above or below the market price
“Currency Linked Contract” Classroom
If John wants to sign currency linked contract with a principal amount of USD100,000. Sign below investment terms after customising a strike rate.
- Base Currency: USD
- Linked Currency: AUD
- Investment Amount: USD100,000
- Investment Period: One week (7 days)
- Interest Rate: 6.25%
- Strike Rate: AUD/USD 0.762
At maturity, John will receive interest of one week —— USD121.53 (USD100,000 X 6.25% X 7days/360). The principal and its earnings will be paid in the Base Currency or Linked Currency whichever has depreciated against the other.
Case 1 -- AUD/USD Exchange Rate at Determination Date is 0.764
John will receive principal and interest in USD at maturity: USD100,000 + USD121.53 = USD100,121.53
Case 2 -- AUD/USD Exchange Rate at Determination Date is 0.762
John will receive principal and interest in USD at maturity: USD100,000 + USD121.53 = USD100,121.53
Case 3 -- AUD/USD Exchange Rate at Determination Date is 0.760
Because the AUD/USD exchange rate is lower than strike rate, John will receive in AUD strike rate at maturity.
USD100,000 - USD141.26 = AUD131,393.08(USD Equivalent at Maturity is USD99,858.74)
*The interest rate are for reference only. They do not represent the actual returns, if any. You could lose all your investment amount.
*If the Base Currency is GBP or HKD, then Day Count Basis is 365. If the Base Currency is USD, EUR, CAD, JPY, AUD, NZD, CHF or RMB, then Day Count Basis is 360.
*If the Base Currency is GBP or HKD, then Day Count Basis is 365. If the Base Currency is USD, EUR, CAD, JPY, AUD, NZD, CHF or RMB, then Day Count Basis is 360
Guideline on Sign Currency Linked Contract via Mobile Banking App
You can enter “Sign Currency Linked Contract” by the following two methods:
Application demonstration for customer who have “Instrument-Linked and Structured Deposit Account”
Guideline on Apply Currency Linked Contract
Download ICBC (Asia) Mobile Banking App
You can search “ICBC Asia” through iPhone App Store/Google Play or scan the QR Codes below to download and experience the “ICBC (Asia)” Mobile Banking App.
If your Android phone doesn’t have Google Play, please click here to download the Industrial and Commercial Bank of China (Asia) mobile application.

Reminders:
Protect your Personal Digital Keys; Beware of Fraudulent Links!
Don’t lend or sell your account. Don’t risk your future for quick money.
Investment involves risk. Terms and Conditions apply. For details, please visit the Bank’s website.
Risk Disclosure
You should not invest in Currency-Linked Contract based on this page alone. Before making any investment decision, you should read the offering documents (including the "Important Facts Statement") to understand the nature and risks of the product.
This is a structured investment product involving derivatives. The investment decision is yours but you should not invest in this product unless the intermediary who sells it to you has explained to you that the product is suitable for you having regard to your financial situation, investment experience and investment objectives.
Not a time deposit: Currency-Linked Contract is NOT equivalent to, nor should it be treated as a substitute for, time deposit. It is NOT a protected deposit and is NOT protected by the Deposit Protection Scheme in Hong Kong.
Derivatives risk: Currency-Linked Contract is embedded with foreign exchange option(s). Option transactions involve risks, especially when selling an option. Although the premium received from selling an option is fixed, you may sustain a loss well in excess of such premium amount, and your loss could be substantial.
Limited potential gain: The maximum potential gain is limited to Interest Amount.
Maximum potential loss: Currency-Linked Contract is not principal protected: you could lose all your investment amount.
Not the same as buying the Linked Currency: Investing in Currency-Linked Contract is not the same as buying the Linked Currency directly. Customers cannot enjoy the performance of the Linked Currency.
Market risk: The return of Currency-Linked Contract is linked to the exchange rates of the Base Currency against the Linked Currency. Movements in exchange rates can be unpredictable, sudden and drastic, and affected by complex political and economic factors.
Liquidity risk: Currency-Linked Contract is designed to be held till maturity. You do not have a right to request early termination of this product before maturity.
Credit risk of the Bank: Currency-Linked Contract is not secured by any collateral. When you invest in this product, you will be relying on the Bank’s creditworthiness. If the Bank becomes insolvent or defaults on its obligations under this product, you can only claim as an unsecured creditor of the Bank. In the worst case, you could suffer a total loss of your Principal Amount.
Currency risk: If the Base Currency and/or Linked Currency is not in your home currency, and you choose to convert it back to your home currency upon maturity, you may make a gain or loss due to exchange rate fluctuations.
Risks of early termination by the Bank: the Bank has the right (but not the obligation) to terminate this product early upon occurrence of certain events. If this product is terminated by the Bank early, such adjustments or early termination events may negatively affect your return or loss under this product.
Renminbi Currency risk: If you choose CNY as a Base Currency or a Linked Currency, then you should note the following:
- The Chinese Renminbi is currently a restricted currency. Due to exchange controls and/or restrictions imposed on the convertibility or utilization of CNY which in turn is affected by, amongst other things, the PRC government’s control, there is no guarantee that disruption in the transferability, convertibility or liquidity of CNY will not occur. There is thus a likelihood that you may not be able to convert the Chinese Renminbi received into other freely convertible currencies.
- You should understand the product will be settled in CNY deliverable in Hong Kong, which is different from that of CNY deliverable in Mainland China. As the offshore deliverable Chinese Renminbi market is currently in the developing phase, there is no market standard determination of the exchange rate involving deliverable Renminbi. Customer must therefore be comfortable with the Bank’s good faith determination of the Fixing Rate. All determinations made by the Bank in good faith shall be conclusive and binding on you.
- If you do not have a CNY deposit account outside the People’s Republic of China (which shall exclude the Hong Kong and Macao Special Administrative Regions and Taiwan), you shall be required to open such account with the Bank, in order to receive payment in CNY.
- Should you decide to convert the Renminbi amount back into his/her home currency or vice versa, you should bear in mind the risk of exchange rate fluctuations that may cause a loss on conversion of Renminbi back into such other currency or vice versa.
- The Relevant Strike Rate, Fixing Rate and other relevant exchange rate of the relevant currency pair will be quoted in offshore Renminbi (CNH) against alternate currency.
Important Information
The above risk disclosure statements cannot disclose all the risks involved. Before making investment decision, you should thoroughly study the offering documents, financial reports and relevant risk disclosure statements issued by the issuer of the investment product(s). Further you should consider your own circumstances including financial position, investment experience and objective to ensure the investment is suitable for your particular investment needs and risk tolerance capacity. You should seek independent financial and professional advice before trading or investment. This promotional material does not constitute an offer or solicitation for the purchase or sales of any investment products. This promotional material is issued by Industrial and Commercial Bank of China (Asia) Limited (the “Bank”) and the contents have not been reviewed by Securities and Futures Commission.
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