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Features |
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Do you feel nerve-racking about fluctuating exchange rates? F/X Hedged Foreign Currency Time Deposit becomes your lifesaver to get out of such nervousness. |
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The key feature of this product lies in covering losses on foreign exchanges. This enables a customer to lock up their position against unforeseeable losses on foreign exchange. A customer can get compensation for exchanges losses when his or her foreign currency account accrues losses at the time of either opening or maturity. |
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This product offers you compensation for losses on foreign exchanges. Just think when you intend to close your foreign currency A/C but its basic rates* at the time of maturity are lower than the rate at the time of opening foreign currency A/C, namely falling by KRW 50. You can get a compensation of KRW 15 per every 1 USD. ( * means the basic buying & selling rates quoted at 15:00 of the one day before maturity date ) |
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Please note that yield to maturity of foreign currency deposit, preclosing fees and compensation for foreign exchange losses are variable due to unexpected situation in foreign exchange markets. |
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0.5% p.a. (before income taxes) |
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The key feature of this product lies in covering losses on foreign exchanges. This enables a customer to lock up their position against unforeseeable losses on foreign exchange. A customer can get compensation for exchanges losses when his or her foreign currency account accrues losses at the time of either opening or maturity. |
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This product offers you compensation for losses on foreign exchanges. Just think when you intend to close your foreign currency A/C but its basic rates* at the time of maturity are lower than the rate at the time of opening foreign currency A/C, namely falling by KRW 50. You can get a compensation of KRW 15 per every 1 USD. ( * means the basic buying & selling rates quoted at 15:00 of the one day before maturity date ) |
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Please note that yield to maturity of foreign currency deposit, preclosing fees and compensation for foreign exchange losses are variable due to unexpected situation in foreign exchange markets. |
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Pre-closing is not allowed. Where he or she closes this account ahead of maturity due to unexpected matters or reasons, a customer should pay for preclosing fees of KRW 5 per 1 USD. |
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A customer who closes it in advance of maturity does not get compensation for losses on foreign exchanges. |
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Preclosing Interest Rates |
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less than 7-Day : None |
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Over 7 ~ less than 1 Month : 1/10 of the agreed rate at maturity |
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