Currency linked deposit wiki Currency board - Wikipedia Currency linked deposit wiki


Currency linked deposit wiki

Linked exchange rate system is a type of exchange rate regime to peg the exchange rate of a currency to another. Unlike a fixed exchange rate system, the government or central bank does not actively interfere in the foreign exchange market by controlling supply and demand currency linked deposit wiki the currency in order to influence the exchange rate. The exchange rate is instead currency linked deposit wiki by an exchange mechanism, whereby the Hong Kong Monetary Authority HKMA authorises note-issuing banks to issue new banknotes provided that they deposit an equivalent value of U.

As a response to the Black Saturday crisis inthe linked exchange rate system was adopted in Hong Kong on October 17, under the recommendation of Y. Jao, through the currency board system. These banks are required to have the same amount of USD to issue banknotes. When the market rate is below 7. The same mechanism also works when the market rate is above 7. In practice, the HKMA also set a lower limit at 7. The HKMA will sell or buy HKD in the market when the exchange rate is at or extremely close the lower limit and upper limit respectively.

more info Wikipedia, the free encyclopedia. Redirected from Linked exchange rate. Retrieved 21 May Retrieved from " https: Foreign exchange market Monetary policy Finance in Hong Kong. All articles with unsourced statements Articles with unsourced statements from Currency linked deposit wiki Hong Kong-centric. Views Read Edit View history. This page was last edited on 23 Juneat By using this site, you agree to the Terms of Use and Privacy Policy.

Foreign exchange market Futures exchange Retail foreign exchange trading. Currency Currency future Currency forward Non-deliverable forward Foreign exchange swap Read article swap Foreign exchange option.

Bureau de change Hard currency Currency pair Foreign exchange fraud Currency intervention.


Principal Brochure is available in English and Traditional Chinese versions only. Generally ranges from 1 week to 1 month. You may request for a tailor-made tenor to suit your investment strategy. Currency linked deposit wiki settlement under the CLD deposit bonuses maturity depends on the exchange rate of the Currency Currency linked deposit wiki at a specific time on the Determination Date as follows:.

The following hypothetical examples are for illustrative purposes only. They do not reflect a complete analysis of currency linked deposit wiki possible gain or loss scenarios and must not be relied on as an indication of the actual performance of the Currency Pair or the CLD.

The exchange rate of the Currency Pair at 2 p. Hong Kong time on the Click Date, as determined by the Bank in currency linked deposit wiki sole and absolute discretion by reference to the international foreign exchange market or such other price sources that the Bank reasonably considers appropriate taking into account the then conventional market practice.

If the Fixing Value is 6. If the Fixing Value is 5. Calculation Method for the pre-fixed amount in AUD: In this scenario, you will suffer a loss of HKD6, If the Fixing Value is 0, which is below the Reference Value 6. If you are able to immediately convert the pre-fixed AUD currency linked deposit wiki into HKD at the currency linked deposit wiki exchange rate of 0, the value of the cash amount you receive on the Maturity Date will be: In this scenario, you will suffer a loss of HKD, Assuming that the Bank becomes insolvent during the Deposit Tenor or defaults on its obligations under the Currency Linked Deposit, you can only claim as unsecured creditor of the Learn more here regardless of the performance of the Currency Pair.

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I want to know more about BEA services overseas. I want to learn more about BEA. Currency linked deposit wiki Cyberbanking service Select Cyberbanking service.

East Asia Securities Cybertrading. East Asia Futures Cybertrading. The investment decision is this web page but you should not invest in this product unless the intermediary who sells it to you has explained to you that the product is suitable for you having regard to your financial situation, investment experience and investment objectives. CLDs are not the same nor should it be treated online casino zar a substitute for conventional time deposits.

CLDs are designed to be held to maturity. You are not allowed to early click the following article the CLDs.

There is no secondary market for CLDs. The exchange rate of currencies fluctuates, sometimes dramatically. Losses may be incurred rather than profit made as a result of investing in CLDs. If there is a depreciation in the Alternate Currency relative to the Deposit Currency to or beyond the Reference Value, you will receive your payoff at maturity in the Alternate Currency.

CLDs are not secured by any collateral. Please note that the risk factors mentioned are not, and do not purport to be, exhaustive.

You should not make an investment decision based solely on this material. Before making any investment decision, you should refer to all relevant offering documents for detailed information including the risk factors. The information provided in this message is intended solely for informational purposes and does not constitute an offer, solicitation, invitation, or advice to purchase or subscribe to CLDs or any investment visit web page. The information provided in this message is subject to change without notice.

BEA makes no guarantee, representation currency linked deposit wiki warranty as to the accuracy, adequacy or completeness of the contents of this message and under no circumstances will BEA be liable for any losses, costs or damages caused by the use of or reliance on the currency linked deposit wiki of this message. The Coupon amount is a cash amount calculated as follows: The settlement under the CLD at maturity depends on the exchange rate of the Currency Currency linked deposit wiki at a specific time on the Determination Date as follows: In this case, you will make a gain currency linked deposit wiki is capped at the Coupon Amount; or if there is a depreciation in the Alternate Currency relative to the Deposit Currency to or beyond the Reference Value, you will receive on the Maturity Date a pre-fixed cash amount in the Alternate Currency equal to the sum of the Deposit Amount and the Coupon Amount, converted into the Alternate Currency at the Reference Value.

In read article case, you will be exposed to further depreciation in the Alternate Currency relative to the Deposit Currency and you may suffer a loss or substantial loss of your original investment. Each hypothetical example below is based on the following terms: Key Features and Risks Disclosure:


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