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Deposit Plus

  Indicative Telegraphic Transfer rates as at 11 Oct 2008 05:37 HKT
AUD Buy 4.95650 Sell 5.03900 | CAD Buy 6.58050 Sell 6.65700 | EUR Buy 10.35200 Sell 10.46550 | INR Buy 0.15700 Sell 0.16400 | JPY Buy 0.07661 Sell 0.07758 | NZD Buy 4.56450 Sell 4.65850 | PHP Buy 0.16000 Sell 0.16500 | GBP Buy 13.17500 Sell 13.29500 | CNY Buy 1.12860 Sell 1.15070 | SGD Buy 5.20050 Sell 5.26600 | CHF Buy 6.78050 Sell 6.86950 | THB Buy 0.21700 Sell 0.23500 | USD Buy 7.74800 Sell 7.77900

Why is Deposit Plus right for you?

  • Successfully place online orders between 2 October 2008 and 31 December 2008 to receive HKD50 worth of supermarket gift coupon. Details.
  • You can place your deposit for as low as HKD50,000 or equivalent with Business Internet Banking.
  • Perfect for businesses that regularly convert funds from one currency to another and are seeking higher returns
  • Earn a higher interest rate than a normal Hong Kong dollar or foreign currency time deposit if you are willing to risk conversion into another currency

Features and benefits

  • Choose 2 currencies, one of which must be HKD or USD
  • Other available currencies are: Australian Dollar, Canadian Dollar, Euro, Sterling, New Zealand Dollar, Japanese Yen and Swiss Franc
  • Enjoy the flexibility of fixing your deposit period and conversion rate or Deposit Plus interest rate

Other services you might be interested in

Redemption Scenarios

  • Scenario 1 - Redemption Currency in HKD
    AUD strengthens against HKD at fixing
    AUD/HKD at fixing = 5.9000
    Principal + Interest = HK$501,917.81
    Return = HK$1,917.81
  • Scenario 2 - Redemption Currency in HKD
    AUD remains constant against HKD at fixing
    AUD/HKD at fixing = 5.8250
    Principal + Interest = HK$501,917.81
    Return = HK$1,917.81
  • Scenario 3 - Redemption Currency in AUD
    AUD weakens against HKD at fixing
    AUD/HKD at fixing = 5.8100
    Principal + interest = A$86,166.15 (HK$501,917.81 @ 5.8250)
    You will receive both the principal and interest in AUD at conversion rate of 5.8250.
    Interest on principal of A$85,836.91= A$329.24

    If you choose to convert AUD back into HKD, you will incur an exchange loss that will reduce or eliminate the interest yield and may even result in losses in the principal amount:
    AUD/HKD spot rate on maturity date = 5.7900
    Principal + Interest = HK$498,902.01 (A$86,166.15 @ 5.7900)
    Return= -HK$1,097.99 (loss)

Disclaimer
The net return in relation to Deposit Plus will depend upon market conditions prevailing at the deposit fixing time on the deposit fixing date. You must be prepared to incur loss as a result of depreciation in the value of the currency paid. Such loss may offset the interest earned on the deposit and may even result in losses in the principal amount of the deposit. Investment involves risks.You should carefully consider whether any investment products or services mentioned herein are appropriate for you in view of your risk appetite, investment experience, objectives, financial resources and circumstances. If you have any concerns about this product, you should consult your professional financial advisers.

Next steps

The way to Smarter Banking

To help you make the most of your business opportunities, we have a range of convenient and professional banking channels to suit your needs.

  • Business Internet Banking
  • HSBCnet
  • Business Phonebanking
  • SME Centres
  • Self Service Banking
  • Commercial Transaction Centres
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One Stop Financial Services

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  • All-in-one bank account meet your core business banking needs
  • 7 x 24 Internet banking, ATM & phonebanking
  • Standby & revolving line
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