DFCC Bank's Dual Currency Deposit (DCD) is a structured investment linked to Foreign Exchange markets. It provides you with an opportunity to create a Foreign Exchange investment strategy to match your personal preferences.
The Dual Currency Deposit is a structured deposit coupled with a currency option that enables investors to obtain a higher income compared to a time deposit for the period they choose.
It gives you the potential to earn a substantially higher return than an ordinary Savings or Time Deposit, by having a view of the exchange rate movement of a desired currency pair,
DCD is best suited for clients having underlying exposures in two different currencies, to get above-average market returns in those currencies,
Customer decides on an Investment Currency and an Alternate Currency depending on his/her underlying requirements. Upon maturity, Principal and Interest is either paid in Investment currency or Alternate currency depending on the movement within the currency pair.
Flexible Tenors and Deposit Size
DCDs provide the flexibility to tailor an investment strategy by selecting the desired tenor which varies from 1 month to 3 months, with an amount starting from USD 75,000 or equivalent in another designated currency.
EIGHT major currencies to choose from
You will be able to diversify your foreign currency portfolio by choosing different combinations of currencies that best suit your needs. Currencies include USD, CAD, GBP, EUR, AUD, SGD, JPY and CHF.