Introduction
Customers deposit a currency, but at maturity the bank has the right to return another currency at the foreign exchange rate fixed in advance, in order to obtain high interest rate.
Features
1. Increasing customers' yields;
2. Customers' liquidity demand could be fully met due to the short term.
Target Customers
Companies with deposits and liabilities of different currency types.
Term
Less than one year
Process
Orders are initiated by customers and transaction details are determined through the power of attorney; after the transaction, the bank issues the transaction confirmation and carries out the actual delivery on the maturity date.
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