If the proceeds at maturity are paid in the linked currency (as opposed to the base currency), there is a possibility that you will suffer a loss on your principal sum when compared with the amount of the base currency initially invested.Īs your investment is denominated in a foreign currency, you are advised to consider the impact of any foreign exchange risk on the net returns of your investment. In particular, foreign currency market movements are unpredictable. Dual Currency Plus is inherently speculative in nature and carries risks. Unlisted SIPs are those that are not listed on an exchange. They have complex features and risks and may not be widely understood by retail investors. SIPs are derivatives or products which may contain derivatives.
Local RMB products are denominated and settled in RMB which is also known as offshore RMB and is different from that of the RMB deliverable in mainland China.ĭual Currency Plus is classified as an unlisted Specified Investment Product (SIP). *Renminbi (RMB) is considered a convertible foreign exchange and the conversion of RMB through selected banks in Singapore is subject to certain restrictions. The following terms and conditions apply to an investment in Dual Currency Plus: (i) the relevant Term Sheet (ii) the Dual Currency Plus Terms and Conditions and (iii) the Terms and Conditions Governing Personal Deposit Accounts (in particular, the section relating to "Foreign Currency Time Deposit"). Early withdrawal of Dual Currency Plus, if permitted, will be subjected to the bank's procedures and applicable charges and you may incur a loss on your principal upon withdrawal. With Dual Currency Plus, the principal sum and returns are repayable, as determined conclusively by the Bank, either in the currency in which the investment is made ("base currency") or an alternative currency ("linked currency") at maturity.
Dual Currency Plus is an investment product.
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