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Dual Currency Deposits
DCDs combine a fixed term deposit with a forex or precious metal option strategy. This yields higher returns than standard money market investments. In return, the client bears the risk that on maturity he/she will receive repayment in the alternative currency, depending on developments in the underlying currencies or precious metals. All DCDs can be tailored to your needs. We offer you securitized and unsecuritized OTC solutions.
Dual currency deposits (DCD) are unsecuritized OTC solutions with a fixed coupon. You can select from a wide range of investment currencies, underlying currency pairs (foreign currencies and metals), and time to maturity between one week and one year. The minimum investment amount is USD 50,000 (or equivalent in another currency).
A FINER is an unsecuritized OTC solution with a fixed coupon. You can select from a wide range of investment currencies, underlying currency pairs (foreign currencies and metals), and time to maturity between one week and one year. The minimum investment amount is USD 50,000 (or equivalent in another currency). The difference from DCDs is that the investment is based on a fiduciary deposit that is placed with Credit Suisse AG, St. Peter Port (Guernsey).
A Finer S is the securitized version of a FINER. Unlike a regular FINER, the underlying asset is a money market investment and not a fiduciary deposit. In contrast to the DCD, because the Finer S is issued by Credit Suisse AG Nassau Branch.
A structured money market investment is well suited to clients who have excess liquidity, are seeking higher returns than standard money market investments, and are willing to take a currency risk.
You must have liquidity in one currency and be willing to accept the alternative currency if necessary. As a formality, you must sign the "Authorization for Structured Money Market Investments" or for a FINER, the "General Authorization for Fiduciary Investments."
A DCD is based on fixed-term deposits here that are subject to withholding tax. With a FINER, fiduciary time deposits are the basis. If you want to purchase a FINER, you must also sign the "General Authorization for Fiduciary Investments."
No; since a DCD/FINER is a combination of fixed-term deposit and a sold option, it will not offer a hedge. You can find additional information on "Hedge Currency Risks".
Nothing yet. With a DCD/FINER Revexus only the exact maturity (reference date and time) is relevant. With a DCD/FINER with kick-in or knock-out, these barriers are monitored throughout the term.
You will receive the fixed interest rate in any case. Upon maturity, the investment amount plus interest will be repaid either in the investment currency or the alternative currency.
It is compensation for the obligation you enter into. This is paid out as interest.
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