Chances for more advantageous interest rates than ordinary foreign currency deposits.
Examples (As of July 27, 2007 when reference rate=strike rate)
1 month USD deposit (corresponding yen) 6.29% p.a. (5.032% p.a. after tax) 1 month EUR deposit (corresponding yen) 7.15% p.a. (5.720% p.a. after tax)
1 month AUD deposit (corresponding yen) 9.11% p.a. (7.288% p.a. after tax) 1 month NZD deposit (corresponding yen) 12.79% p.a. (10.232% p.a. after tax)
Advantages of Powered Teiki to start with foreign currency
• You can start with your foreign currency deposit on hand.
• You can aim for higher interest than ordinary foreign currency time deposits.
• Exchange commissions are free.
• There are varieties of interests you can choose according to term, currency, and strike rate. Available according to your needs
Powered Teiki to start with foreign currency is recommended for those who...
• Want to wisely invest a foreign currency deposit on hand.
• Want to convert into yen or another foreign currency under the current exchange rate but is uncomfortable with exchange fees.
Powered Teiki to start with foreign currency is not recommended for those who...
• Want to determine an exchange gain/loss right away under the current exchange rate.
• Predict an exchange rate largely fluctuating toward a weaker yen.
Structure of Powered Teiki to start with foreign currency
In case of USD deposit, corresponding yen.
Structure of Powered Teiki
*1 At 3 o'clock in the afternoon Tokyo Time
*2 Applicable exchange rate=Strike rate (The rate agreed at the time of transaction)
*The principal is paid in Yen or US Dollars at maturity to the savings account.
Foreign currency in cash is not available. We charge a commission on foreign currency transfers.
 
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About Powered Teiki - to start with foreign currency
•  PowerFlex account holders are eligible.
•  Deposit amount: Equivalent amount of 1 million yen in units of one yen.
•  Term: 1 month, 3 months, 6 months,1 year
•  There is no automatic extension for this deposit.
•  The maturity date corresponds with the deposit date for each term. When the relevant date is a bank holiday or a holiday overseas, the succeeding business day will be applied instead.
•  The Interest rate and the Strike rate shall be determined based on the currency option market.
•  Determination on receiving currency at maturity: Shinsei Bank will make a judgment based on the actual exchange rate between yen and the alternate currency at 3 o'clock p.m. Tokyo Time on 2 business days before the maturity date.
•  Applications made later than 2 o'clock p.m. on a bank business day will be a transaction on the following business day.
•  In case the deposit is exchanged into the alternate currency, the matured amount converted in yen might be below the original deposited yen amount depending on the market rate.
•  Cancellation before maturity is not permitted.
If we find it necessary to accept cancellation before maturity, we will cancel the deposit and the remaining amount which we will deduct deposit restructuring amount and other costs occurred to the bank during cancellation day to maturity day, which is calculated by our original formula, will be credited to your PowerFlex Yen savings account. Please note that in this case, your principal is not guaranteed.
•  We take commissions for foreign currency remittances. In case receivable currency at maturity is foreign currency and you wish to exchange the Foreign currency to Yen, the exchange rate specified by our bank (TTB) including exchange fee will be applied. Therefore, even without exchange rate fluctuation after receiving in foreign currency, the receipt amount may fall below the principal of yen that has been exchanged to foreign currency.
•  Brochures are available at Shinsei Financial Centers.
•  Please deposit any excess funds.
•  Foreign currency deposits are not covered by Deposit Insurance.