Personal Banking - Term Deposit
Term Deposit - Key Requirements: An account holder or prospect.
Benefits
• Attractive Return
• Plan liquidity
• Use as collateral for credit facilities
Foreign Exchange Operations
Key Requirements:
• An account holder or prospect.
• Must satisfy the bank’s KYC policies
Benefits
• Speed and convenience; less documentation and bureaucracy
• Can be used as a medium to generate fx spread/income
• Can be used to hedge against depreciating currencies
