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If you plan to purchase Power Chance, please contact our Branches.
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| The above conditions are as of Jan 4, 2008. TTS = 112 yen, TTB = 110 yen are used for calculation. The actual numbers may differ slightly, since the above do not reflect exchange rate fluctuations. If the investment is not extended, maturity is in 1 year, and the principal will be converted to yen at the rate of TTB = 110 yen. The figure will be 3,300,000 yen, not taking in to consideration exchange rate fluctuations. After 1 year of deposit when there is an interest rate calculation, if the 6mth USD LIBOR is higher than the base interest rate, the applicable rate will be 0 % until the next interest calculation. |
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| • Interest is fixed for the first year and is higher than that for other US dollar time deposits. |
| • Interest is paid twice a year in Yen. It is like getting a bonus. |
| • The minimum deposit is 25,000 US dollar in branch (Shinsei Financial Center). |
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| • Like the idea of receiving interest twice a year in Yen. |
| • Would like to deposit in US dollars at high interest. |
| • Predict that US dollar market interest will be low for a while. |
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| 2year deposit term extension will be decided by the Bank based on the market interest at 1 year maturity. |
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| Extension determinant day: 4 business days prior to responding date 1 year after deposit. |
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| (Interest is as of January 4, 2007.) |
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The term of this deposit may be extended by the Bank’s decision at 1 year maturity. |
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After 1 year of deposit when there is a interest rate calculation, if the 6mth USD LIBOR is higher than the base interest rate, the applicable rate will be 0 % until the next interest calculation. |
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Contracted interest at time of deposit applies for the first year of deposit. Applicable interest for the additional years will be defined on 2 days London time prior to the first day of interest calculation period. |
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Interest will be converted to yen by the Bank’s TTB and will be paid into Yen Savings Deposit. |
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Calculation for the example above is based on 1 year = 365 days, and just divides that into half for the interest for 6 months. The actual numbers may differ slightly since the example is not taken into account exchange rate fluctuations, and uses TTS = 119 yen, TTB = 117 yen. |
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Foreign currency is not available in cash. |
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Interest is given before tax, and it is subject to 20% withholding tax. |
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The Yen equivalent of a foreign currency deposit may be less than the original Yen principal before it was converted to the foreign currency due to exchange rate fluctuations. |
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The Bank’s exchange rate (TTB/ TTS) shall apply for deposits and withdrawals in Yen. Therefore, the deposit may fall below your original Yen amount even without exchange rate fluctuations. |
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Foreign currency deposits are not covered by deposit insurance. |
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Cancellation before maturity is not permitted. |
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This product is not available between 10 p.m. on Thursdays and 9 a.m. on Fridays each week due to the updating of information. The schedule may differ on holidays. |
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Product Description is available at branches. |
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