ID :
169626
Mon, 03/21/2011 - 09:18
Auther :
Shortlink :
https://oananews.org//node/169626
The shortlink copeid
DUAL CURRENCY INVESTMENTS GAINING MOMENTUM IN MALAYSIA, SAYS OCBC BANK
KUALA LUMPUR, March 21 (Bernama) -- OCBC Bank (Malaysia) Bhd sees
double-digit growth for Dual Currency Investment (DCI), as its potential for interest rates are substantially higher than fixed deposits.
In a statement Monday, OCBC Bank said through the DCI, a customer's investment is made in one currency, known as the base currency, to vie for higher interest rates.
"Payment at maturity can either be in the base currency or in another agreed-upon currency at a pre-determined exchange rate set by the investor when the transaction is entered into," it added.
Its Head of Wealth Management Ong Shi Jie said the DCI also appeals to those who have invested in property and housing loans in their alternate currencies and those who have children pursuing overseas education.
"To top it off, OCBC Bank is able to customise a wide array of currency pairs to suit the investor's preferred strike rate based on real time spot rates," she added.
double-digit growth for Dual Currency Investment (DCI), as its potential for interest rates are substantially higher than fixed deposits.
In a statement Monday, OCBC Bank said through the DCI, a customer's investment is made in one currency, known as the base currency, to vie for higher interest rates.
"Payment at maturity can either be in the base currency or in another agreed-upon currency at a pre-determined exchange rate set by the investor when the transaction is entered into," it added.
Its Head of Wealth Management Ong Shi Jie said the DCI also appeals to those who have invested in property and housing loans in their alternate currencies and those who have children pursuing overseas education.
"To top it off, OCBC Bank is able to customise a wide array of currency pairs to suit the investor's preferred strike rate based on real time spot rates," she added.
