Mobile Banking Currency Linked Contract - ICBC (Asia)
Mobile Banking Currency Linked Contract
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 Disclosures
Currency-Linked Contract: Currency-Linked Contract is not a protected deposit and is not protected by the Deposit Protection Scheme in Hong Kong. The returns on currency-linked contract are limited to the predetermined interest amount and will depend on the market condition prevailing on the determination date. Investment in the currency-linked contract involves the risk of exchange rate fluctuation of the linked currency. 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.
Important Notice
The above risk disclosure statements cannot disclose all the risks involved. If you wish to obtain the comprehensive risk disclosure, please approach our branch staff for enquiries. 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 any 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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