USD-Based Dual Currency Deposits
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Normax Capital
USD-Based Dual Currency Deposits
| Product Type: | Dual Currency Deposit |
| Deposit Currency: | US Dollars |
| Interest Payment Currency: | Japanese Yen |
| Investment Horizon: | 1 year Target |
| Return: | 4% per annum |
| Protection Level: | 100% |
| Minimum Investment: | USD 500 000 |
Dual Currency Deposits are a type of investment product that allow investors to earn potentially higher interest rates than traditional deposits by choosing to receive interest payments in a currency other than the deposit currency. For private banking clients who are interested in investing in Dual Currency Deposits, here is an example of an offer that could be presented:
Normax Capital
Investment Details
The USD-based Dual Currency Deposit is an exclusive one-year investment product that offers both our private and business clients the opportunity to earn a potentially higher return by receiving interest payments in Japanese Yen, while providing 100% protection of their initial investment at maturity.
The investment is structured as a deposit, which means that it is FDIC-insured up to the maximum allowable limit. The target return is based on the prevailing interest rates in the two currencies and the exchange rate between them. The deposit currency is US Dollars, and the interest payment currency is Japanese Yen.
The Dual Currency Deposit offer requires a minimum investment of USD 500 000, which is typical for our banking clients. At maturity, the investor will receive their initial investment back, plus any earned interest based on the prevailing interest rates and exchange rate at the time.
This investment offer is suitable for investors who are looking for potentially higher returns than traditional deposits, and who are willing to take on the risk of currency fluctuations. It is important to note that the investment return is not guaranteed, and may be lower than the target return if the exchange rate or interest rates do not perform as expected. Before making any investment decisions, investors should carefully read and understand the terms and conditions of the deposit, as well as any associated risks, and consult with their financial advisor to determine if this product is suitable for their investment objectives and risk tolerance.
