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| Fixed Rate CNY-Linked Structured Investment
Deposit (SID) |
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| To meet your needs, we provide Fixed Rate CNY-Linked SID as one
of your investment options. You will receive a fixed interest amount
and 100% principal amount on the Deposit Maturity Date if there is
no Currency Event Designation by the Bank. The product features are: |
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- short to medium investment tenor, normally less than or equal to 1 year
- fixed rate structured product denominated in Settlement Currency involving CNY denominated investments
- the interest on the SID depends on the levels of the Spot Rate and the Forward Rate. These rates are fixed upfront and the Interest Amount will be determined at the outset
- 100% principal amount will be received upon redemption on the Deposit Maturity Date if there is no Currency Event Designation by the Bank
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Fixed Rate
CNY-Linked Structured Investment Deposit
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| Settlement Currency |
HKD |
USD |
| Minimum Deposit Amount: |
HKD 100,000 |
USD 10,000 |
| Deposit Multiples: |
HKD 50,000 |
USD 5,000 |
| Deposit Tenor: |
normally
less than or equal to 1 year |
| Interest Rate of SID (p.a.) |
Please
check with the Bank for the latest Indicative
Rates. |
| Interest |
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If there is no Currency Event Designation by the Bank,
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interest on the SID is paid on the Deposit Maturity
Date; |
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the Customer will receive
a fixed per annum interest rate of the Principal
Amount for the entire tenor of the SID and such
interest amount is calculated by reference to the
relevant Spot Rate and Forward Rate and is fixed
upfront. |
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Upon Currency Event Designation by the Bank on or prior
to the Deposit Maturity Date, no interest amount shall
be payable to the Customer. |
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| Spot Rate |
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A rate expressed as the amount of Chinese Renminbi (CNY)
per one unit of Settlement Currency (stated in the SID
Order Form). |
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| Forward Rate |
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A rate expressed as the amount of Chinese Renminbi (CNY)
per one unit of Settlement Currency (stated in the SID
Order Form). |
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| Redemption |
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If there is no Currency Event Designation by the Bank,
the Bank will pay 100% of the Principal Amount to the
Customer on the Deposit Maturity Date in the Settlement
Currency, provided that the SID is maintained by the Customer
with the Bank up to the Deposit Maturity Date. |
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Upon Currency Event Designation by the Bank, the Bank
will pay the Mandatory Redemption Amount to the Customer
on the Mandatory Redemption Date. The Mandatory Redemption
Amount is likely to be substantially less than the Principal
Amount and in the worst case scenario, the Mandatory Redemption
Amount is zero. |
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NOT A PROTECTED DEPOSIT
The SID is NOT a protected deposit and is not protected by the Deposit Protection Scheme in Hong Kong. |
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KEY RISK FACTORS:
Please be reminded of the following key risks of investing in the SID and refer to the section of “Risks Associated with the SID” in the Termsheet for details: |
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| 1. |
Not a traditional deposit: The SID is a form
of structured product that carries risks not normally associated
with ordinary bank deposits. This SID is not equivalent to a
time deposit. The Customer should therefore not treat the SID
as a substitute for ordinary savings or time deposits. The SID
is not a protected deposit and is not protected by the Deposit
Protection Scheme in Hong Kong. |
| 2. |
Principal amount received upon redemption: If
there is no Currency Event Designation by the Bank, the Customer
will receive 100% of the Principal Amount on the Deposit Maturity
Date only if the Customer holds the SID up to the Deposit Maturity
Date. |
| 3. |
Currency Event Designation by the Bank: Upon
Currency Event Designation by the Bank, the Bank will pay the
Mandatory Redemption Amount in the Settlement Currency to the
Customer on the Mandatory Redemption Date. The Mandatory Redemption
Amount is likely to be substantially less than the Principal
Amount and in the worst case scenario, the Mandatory Redemption
Amount is zero. Upon Currency Event Designation by the Bank
on or prior to the Deposit Maturity Date, the Customer will
not receive any Interest Amount. |
| 4. |
Liquidity risk: The SID is a commitment by the
Customer for the deposit tenor. No early uplift, early withdrawal
or early termination by the Customer is permitted. The Customer
has to maintain the SID with the Bank up to the Deposit Maturity
Date. |
| 5. |
Credit risk: The Customer is taking on the credit
risk of DBS Bank (Hong Kong) Limited. In the worst case scenario,
where DBS Bank (Hong Kong) Limited defaults on its payment obligations
under the SID, the Customer will receive no interest payment
and lose his original investment amount. |
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| Note: The above is for your reference only. Please refer to Termsheet of the relevant SID for details. |
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| Indicative Rates: |
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Fixed Rate
CNY-Linked Structured Investment Deposit
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| Settlement Currency |
HKD |
USD |
| Deposit Tenor: |
9
Months
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| Interest Rate of SID (p.a.) |
1.20%*
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1.50%* |
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| *Indicative rates of 9-Month Fixed Rate CNY-Linked SID as
of 8 Mar 2011. |
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| For details of our latest offer (such as interest
rate and conditions), please visit any
of our branches or call our Customer
Services Hotline on 2290 8888 (press 3 after
language selection). |
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| This is a structured product involving derivatives. The investment
decision is yours but you should not invest in the product unless
DBS Bank (Hong Kong) Limited (the “Bank”) has explained to you that
the product is suitable for you having regard to your financial situation,
investment experience and investment objectives. |
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Risk Disclosure Statements:
The above information in this document is not an investment
advice. It does not constitute any offer or solicitation to
enter into any investment arrangement. Investment involves risks.
Past performance is not indicative of future performance. Prior
to any investment transaction, you should refer to the relevant
offering documents for detailed information (including risk
factors) and our "Investment Products Consolidated Terms
and Conditions" for detailed information. You should also
carefully consider whether such product is suitable in the light
of your own financial position and investment objectives. The
bank is not acting as advisor or in any fiduciary capacity to
you. You should obtain independent expert financial advice before
making any investment. If you have any query on this document
or any relevant offering document, you should seek independent
professional advice. |
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