DBS Taiwan launches structured RMB FX-option products
The China Post news staffTAIPEI, Taiwan -- DBS Bank (Taiwan) recently introduced renminbi-linked principal guaranteed structured currency option products to expand its range of investment choices with the Chinese currency beyond just renminbi term deposits.
March 13, 2013, 12:41 am TWN
Jerry Chen (陳亮丞), general manager of DBS Bank (Taiwan), pointed out that as a bank with expertise in foreign currency portfolio management, DBS continues to launch innovative products.
To cope with the increased demands in renminbi-related business, DBS is not only one of the first banks to provide renminbi-denominated trade settlement services in Singapore and Hong Kong but is also a leader in Chinese currency-related interbank and deposit businesses, Chen pointed out.
From now to March 21, the bank offers 1-year renminbi-linked structured currency option products for interested customers. The bank reminds potential customers that the product is not covered in Taiwan's deposit insurance program. Principal guarantee will be lost in the case of premature contract termination, which might result in capital losses.