Foreign Currency Term Deposit
This is an interest bearing term deposit denominated in a major foreign currency, which enables organisations trading internationally to deposit funds for a fixed period at competitive foreign currency interest rates.
The facility can be used for investment, or the payment of future trade commitments. Minimum Conditions may apply.
- Term deposit provides the flexibility to net foreign currency transactions or to invest at foreign currency interest rates for either investment or trading opportunities for a fixed period.
- This facility is safe, convenient and predictable as it provides a form of short-to-long term investment with a fixed interest rate.
- A term deposit generates interest whilst at the same time preserving intact those funds that are earmarked for future commitments.
- Available in United States Dollars (USD), Great British Pounds (GBP), Euro (EUR) and Swiss Francs (CHF)