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Old January 11th, 2016, 11:17 AM
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Default standard chartered bank pci

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  #2  
Old April 28th, 2017, 12:17 PM
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Default Re: standard chartered bank pci

Can you tell me features and benefits for PCI (Premium Currency Investment) in Standard Chartered Bank?
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Old April 28th, 2017, 12:17 PM
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Default Re: standard chartered bank pci

A PCI (Premium Currency Investment) in Standard Chartered Bank is a structured/customised investment product that is linked to a pair of currencies.

The tenor of a PCI can range from one week to a year. It is ideal when one want to:
• Enjoy higher interest rates
• Get potential gains from movements in foreign currency exchange
• Potentially optimise money-making opportunities in as short as one week

Benefits
• One will get a guaranteed interest rate that's potentially higher than term deposits, on a short-term investment
• PCI potentially buffers against the effects of holding a weakening currency
• Diversify investment portfolio

Features

One stands to gain an interest rate considerably higher than that of a conventional fixed deposit. And one is free to choose currency pairs as well as set the TCR at a level one is comfortable with.

It provides real-time pricing for Premium Currency Investments. It trade till 7pm, gives greater flexibility and more time to make better informed investment decisions.

One’s investment can be as small as SGD50, 000 (or equivalent) for tenors as short as one week. And with over 60 currency pairs to select from, one is more in control of one’s investment.

Some Risks

• One’s investment (in base currency) and the interest amount (yield) may be converted into the alternate currency at a more disadvantageous rate than the spot rate at maturity, resulting in a loss of initial investment amount should convert the alternate currency amount back to the base currency.
• Where conversion applies at maturity, one may sustain exchange rate losses which may be greater than the interest earned on one’s initial investment amount
• PCI is not a form of currency deposit. It is a structured investment product and is not principal protected
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