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Investment > MaxiInterest Investment Deposit

Risk Warning

This is a structured product involving derivatives. The investment decision is yours but you should not invest in the MaxiInterest Investment Deposit 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. Investors should read the relevant Important Facts Statement, Terms and Conditions and risk disclosure statement before making any investment decision.

Investors should note that this product is not capital protected and is not normal time deposit, and thus should not be considered as normal time deposit or its alternative.

Earnings on this product are limited to the nominal interest payable. As the principal and the earning will be paid in the Deposit Currency or the Linked Currency, whichever has depreciated against the other, investors will have to bear the potential losses due to currency depreciation, which may be substantial. If the product is withdrawn before maturity, investors will also have to bear the costs involved. Such losses and costs may reduce the earnings and the principal amount of this product. Investors should seek professional advice when necessary. The relevant Terms and Conditions of this product are available upon request to the staff of Hang Seng Bank Limited (the "Bank").

This product is not a protected deposit and is not protected by the Deposit Protection Scheme in Hong Kong.

Investment in this product is subject to the credit risk of the Bank.

MaxiInterest Investment Deposit


Potential
Tailor
Convenient
Potential Higher Return
Potential higher interest return than normal time deposits with favoured market price movement
Tailor Made Investment
You may customize the currency pairs,initial exchange rates and tenor to suit your personal needs
Convenient subscription
Long trading hours and numerous subscription channels for your timely investment
MaxiInterest Investment Deposit investment journey (Cantonese only)
Watch the following video to experience online investment of MaxiInterest Investment Deposit.
Potential Higher Return
Potential Higher Return

Potential higher interest return than normal time deposits with favoured market price movement

Potential to exchange currency at predefined rate
Potential to exchange currency at predefined rate

You may also exchange the currency at a rate more preferred than the spot exchange rate

Convenient subscription
Convenient subscription

Long trading hours and numerous subscription channels for your timely investment.

You could place trade through phone banking, branches and online platform up to 3:30 a.m^.

 

^Phone banking operates from 9 a.m. to 6 p.m. and branches from 9 a.m. to 5:30 p.m. every Monday to Friday

 

Tailor Made Investment
Tailor Made Investment

You may customize the currency pairs,initial exchange rates and tenor to suit your personal needs

10 currencies including HKD, USD, AUD, GBP,EUR, JPY, CAD, CHF, NZD and CNY and 88 different ways of combinations for the investors to choose flexibly

Deposit period from 1 week to 3 months to meet your investment needs and give more flexibility to your investment strategies.

No handling charge
No handling charge

The minimum deposit amount is as low as HKD 50,000,and there is no upper limit on the investment amount.The handling fee is fully waived^. If the Deposit Currency or Linked Currency is not HKD or USD (i.e. cross currency trading), the minimum deposit amount would be in equivalent of HKD 50,000.

 

^Early withdrawal will incur relevant costs and charges and customers shall be liable for such costs and charges.

Secured Overdraft
Secured Overdraft

You can make a secured overdraft with "MaxiInterest" Investment Deposit for more investment flexibility*.

 

*Please refer to our staff for details, customer should bear any fee or interest related to the secured overdraft and endure additional risks associated with the increase of investment capital. Secured overdraft is subject to the relevant terms and conditions. The Bank has the sole discretion to adjust the loan ratio at any time. The "MaxiInterest" Investment Deposit Terms and Conditions can be obtained from the Bank.

Choose the Deposit Currency and Linked Currency according to the investors'needs
Set the Initial Exchange Rate according to the investors' interest(1)
Compare Initial and Final Exchange Rate to determine the Returns on the Final Exchange Rate fixing Date(2)
Scenarios
Returns (Currency to be received)
Linked Currency appreciates relative to Deposit Currency or remains unchanged
Principal + Interest (paid in Deposit Currency)
Linked Currency depreciates relative to Deposit Currency
Principal + Interest (converted to and paid in the Linked currency at the Initial Exchange Rate)

Remarks:

1.The Bank shall have absolute discretion to accept or reject the Initial Exchange Rate set by customers.

2.The Final Exchange Rate Fixing Date is the Maturity Date of the Deposit or such other Business Day as may be determined by the Bank, and the Final Exchange Rate will be determined by the Bank at 10:00 a.m. (Hong Kong Time) on the Final Exchange Rate Fixing Date.

 
Illustrative Example
When Deposit currency is your home currency
When Deposit currency is your home currency

Assuming Hong Kong Dollars is your home currency

Assuming you take a bullish view on Australian Dollar

So that you expect the exchange rate of AUD/HKD to increase (AUD appreciates relative to HKD)

Deposit Currency HKD (Home Currency)
Linked Currency AUD
Principal Amount HKD 100,000
Deposit Period 1 month (30 days)
Initial Exchange Rate (AUD/HKD) 6.8400
Annual Interest Rate 4.000%
AUD/HKD at Fixing Time Received Currency & Amount

1) Equal to or higher than 6.8400

(i.e. AUD appreciates or remains unchanged relative to HKD)

HKD 100,328.77

2) Lower than 6.8400

(i.e. AUD depreciates relative to HKD)

AUD 14,667.95

(paid in AUD by Exchange Rate of 6.84)

When neither Deposit Currency nor Linked Currency are your home currency
When neither Deposit Currency nor Linked Currency are your home currency

Assuming both the Deposit Currency US Dollar and Linked Currency Renminbi are not your home currency

Assuming you take a bullish view on Renminbi

So that you expect the exchange rate of USD/CNH to decrease (CNH appreciates relative to USD)

Deposit Currency USD
Linked Currency CNY
Home Currency HKD
Principal Amount USD 100,000 (HKD 776,000, Initial Exchange Rate of USD/HKD 7.7600)
Deposit Period 1 month (30 days)
Initial Exchange Rate (USD/CNH) 6.2150
Annual Interest Rate 1.500%
CNH/USD at Fixing Time Received Currency & Amount

1) Equal to or lower than 6.2150

(i.e. CNH appreciates or remains unchanged relative to USD)

USD 100,125.00

2) Higher than 6.2150

(i.e. CNH depreciates relative to USD)

CNY 622,276.88

(paid in CNH at the exchange rate of 6.21500)

Remarks:

If the Deposit Currency or the Linked Currency is not your home currency, your gain or loss will also be affected by the fluctuation of the exchange rate between the Deposit Currency and your home currency or the Linked Currency and your home currency, depending on which currency you receive as Principal Amount + Interest at maturity. If you receive the Principal Amount + Interest in the Deposit Currency at maturity and the Deposit Currency has depreciated against your home currency, the loss arising from such depreciation may offset or even exceed any potential gain from investing in this product. If you receive the Principal Amount + Interest in the Linked Currency at maturity and the Linked Currency has depreciated against your home currency, the loss arising from such depreciation may offset / exceed any potential gain or increase your potential loss from investing in this product.

Subscription Demo
Subscription Demo
How to set up MaxiInterest Investment Deposit?
Personal e-Banking Customer Business e-Banking Customer
Trading Hours
Trading Hours
When can we trade?
MONDAY TO FRIDAY
BRANCH 9:00 a.m. to 5:30 p.m.
PHONE BANKING 9:00 a.m. to 6:00 p.m.
PERSONAL E-BANKING 9:00 a.m. to
3:30 a.m. of the next day
BUSINESS E-BANKING 9:00 a.m. to 6:00 p.m.
Related Documents
Related Documents
What other information should you read?
Important Facts Statement Terms and Conditions

Risk Disclosure

Not a time deposit: "MaxiInterest" Investment Deposit is NOT equivalent to, nor should it be treated as a substitute for, time deposit. It is NOT a protected deposit and is NOT protected by the Deposit Protection Scheme in Hong Kong.

Derivatives risk: "MaxiInterest" Investment Deposit is embedded with FX option(s). Option transactions involve risks, especially when selling an option. Although the premium received from selling an option is fixed, investors may sustain a loss well in excess of such premium amount, and the loss could be substantial.

Limited potential gain: The maximum potential gain is limited to the pre-agreed interest rate.

Maximum potential loss: "MaxiInterest" Investment Deposit is NOT principal protected. Investors could lose all of their investment amount.

Not the same as buying the linked currency: Investing in "MaxiInterest" Investment Deposit is not the same as buying the Linked Currency directly.

Market risk: "MaxiInterest" Investment Deposit is not secured by any collateral. When investors invest in "MaxiInterest" Investment Deposit, they will be relying on the Bank's creditworthiness. If the Bank becomes insolvent or defaults on its obligations under "MaxiInterest" Investment Deposit, investors can only claim as an unsecured creditor of the Bank. In the worst case, investors could suffer a total loss of their investment amount.

Liquidity risk: "MaxiInterest" Investment Deposit is designed to be held till maturity. The Bank may at its absolute discretion refuse to consent to any withdrawal/termination request before maturity.

Credit risk of the Bank: "MaxiInterest" Investment Deposit is not secured by any collateral. When investors invest in "MaxiInterest" Investment Deposit, they will be relying on the Bank's creditworthiness. If the Bank becomes insolvent or defaults on its obligations under "MaxiInterest" Investment Deposit, investors can only claim as an unsecured creditor of the Bank. In the worst case, investors could suffer a total loss of their investment amount.

Currency risk: Exchange rate fluctuates and sometimes drastically. If the Deposit Currency used for investment is not the local currency customarily used by investors and thus conversion is required, investors should note that they may make a gain or suffer a loss due to exchange rate fluctuations.

Risk of adjustments or early termination by the Bank: Certain terms and conditions (including some of the key dates) of "MaxiInterest" Investment Deposit can be adjusted by the Bank in certain circumstances, this might have a negative impact on the return of the "MaxiInterest" Investment Deposit.

Concentration Risks: Investors should avoid excessive investment (in terms of its proportion of the overall portfolio) in any single type of investment, so as to avoid the investment portfolio being over-exposed to any particular investment risk.

Risks associated with the Loss of Principal Amount: "MaxiInterest" Investment Deposit is not capital-protected, thus investors will not obtain any guarantee that they can receive the Principal Amount that they initially invested for the "MaxiInterest" Investment Deposit upon maturity. If the movement of the exchange rate is different from the view taken by investors, investors may suffer a loss in the Principal Amount. There can be a total loss in the Principal Amount.

Interest is Received upon Maturity: Investors should understand that earnings on "MaxiInterest" Investment Deposit are limited to the nominal interest payable and it is only payable upon maturity. No periodic income will be payable to investors prior to maturity.

Market Risks associated with Redemption Amount: When the "MaxiInterest" Investment Deposit matures, investors will receive the Principal Amount and interest of the Deposit (together, "Redemption Amount"). Upon maturity, the Bank will compare the Final Exchange Rate against the Initial Exchange Rate to determine the currency in which the Redemption Amount will be paid to investors. If the Linked Currency is depreciated against the Deposit Currency upon maturity, the Redemption Amount will be converted into the Linked Currency at the Initial Exchange Rate and paid to investors in the Linked Currency. Therefore, investors should bear the potential losses due to the depreciation. Such losses may offset the interest earned on the "MaxiInterest" Investment Deposit, and may even result in losses in the Principal Amount of the "MaxiInterest" Investment Deposit. Investors should be fully aware of the risks relating to fluctuations in the exchange rates. Factors affecting the performance of foreign exchange markets are numerous, including but are not limited to changes in global and local investment sentiments, interest rate policies, fund flows, political environment, economic environment, business and social conditions in the local marketplace. If the trend of market is different from the view taken by investors, the total returns payable to investors at maturity will be less than that would have been payable on a time deposit for the same tenor and investors may even incur a loss.

Early Withdrawal/Termination Risks: "MaxiInterest" Investment Deposit may not be withdrawn/terminated by investors before the maturity date without the approval in writing of the Bank, which may be granted or withheld in the Bank's sole and absolute discretion and on such terms and conditions as the Bank may determine. If the Bank allows investors to early withdraw/terminate the "MaxiInterest" Investment Deposit prior to the maturity date, the Bank shall be entitled to deduct any costs, losses and damages which are incurred by the Bank and its affiliates, using its reasonable effort, in discharging any such related hedge or other arrangement from the Principal Amount or other amounts (if any) in relation to the "MaxiInterest" Investment Deposit which are otherwise payable to investors. Therefore, the amount received by investors upon early withdrawal/termination may be less than the Principal Amount initially invested. In the event that such Principal Amount or other amounts (if any) are insufficient to indemnify or reimburse the Bank in respect of such costs, losses and damages, the Bank shall be entitled to claim from investors the amount of the remaining costs, losses and damages and to exercise its rights of set-off under the Terms and Conditions of the "MaxiInterest" Investment Deposit or otherwise in respect of any other sums due from the Bank or its affiliates to investors in respect of the "MaxiInterest" Investment Deposit or otherwise.

Risks relating to Renminbi: You should note that the value of Renminbi against other foreign currencies fluctuates and will be affected by, amongst other things, the PRC government’s foreign exchange control (for example, the PRC government regulates conversion between Renminbi and foreign currencies), which may adversely affect your return in the MaxiInterest Investment Deposit involving RMB when you convert Renminbi into your home currency.

Declaration and Remarks

These pages are not intended to provide or regard as legal or taxation advice, or investment recommendations.

Investors should consult their own tax advisers on relevant tax arrangements.

The liabilities of the Bank in respect of this product are limited exclusively to an office of the Bank in Hong Kong and instructions in respect of this product may only be made to, and acted upon by, such office . Any amount relating to the Deposit is payable exclusively by an office of the Bank in Hong Kong and in its stated currency. The Terms and Conditions of this product are governed by, and shall be construed in accordance with, the laws of Hong Kong.

Investors may contact our staff if investors have any feedback or complaint in relation to our services or call our hotline (Personal customer 2822 0228 / Commercial customer 2198 8000). We will respond to investors within a reasonable period of time normally not exceeding 30 days in general circumstances. Investors may contact the Hong Kong Monetary Authority at 55th Floor Two International Finance Centre, 8 Finance Street, Central, Hong Kong if investors are not satisfied with our handling of investors complaint.

Hang Seng Bank Limited is a Registered Licensed Bank under the Banking Ordinance.