[ Below balance fee ]
To qualify for HSBC Premier, you need to maintain a monthly average balance with HSBC Premier Japan of JPY10 million or equivalent in deposits/investments/insurance. In principle, if the monthly average balance requirements are not met in the previous month, a monthly below balance fee of JPY5,000 inclusive of tax will be charged and service offerings may be restricted. |
＊If a customer only holds time deposits of this campaign (JPY4 million) and his/her monthly average balance remains below JPY10 million, a monthly below balance fee will be charged.
[ Interest estimation for this campaign (example) ]
* The sample estimation is calculated based on a 365-day year. The actual interest paid might differ from the estimation below.
U.S. Dollar TTM is assumed to be JPY107 per USD1.
| Six-month |
Japanese Yen time deposit |
JPY2 million × 1.40% p.a. after-tax × 180 days/365 days = JPY13,808 |
| U.S. Dollar time deposit |
USD18,604.65 （JPY2 million ÷ 107.50[TTS]） × 1.40% p.a. after-tax × 180 days/365 days
= USD128.45 |
| Three-month |
Japanese Yen time deposit |
JPY2 million × 1.20% p.a. after-tax × 90 days/365 days = JPY5,917 |
| U.S. Dollar time deposit |
USD18,604.65（ JPY2 million ÷ 107.50[TTS]）× 1.20% p.a. after-tax × 90 days/365 days
= USD55.05 |
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[ Risk and fees ]
◆A foreign currency deposit carries foreign exchange fluctuation risk. Thus, at the end of the term, there is a possibility for the amount in the client's account to be smaller than the equivalent amount in Japanese Yen that was initially deposited upon signing of the foreign currency deposit contract.
◆TTS rate is applicable when you convert Japanese Yen into a foreign currency (at the time of deposit),
and TTB rate is applicable when you convert a foreign currency into Japanese Yen (at the time of withdrawal). The TTS rate and TTB rates are already inclusive of one-way foreign exchange fees (ie JPY1 per USD1). Therefore, even if there is no foreign exchange fluctuation, there is a risk that the actual JPY equivalent amount in foreign currency could be smaller than the original amount in JPY at the time of contract (ie there is a risk of principal loss in JPY basis) due to a two-way foreign exchange fee (ie JPY2 per one USD1).
[ Premature encashment of a time deposit ]
◆In principle, premature encashment of Japanese Yen time deposits and foreign currency time deposits is not allowed. If the Bank, in its sole discretion, should accept such a request, the interest rate to be applied for the period covering the deposit date to the cancellation date shall become zero and only the initial principal will be credited to the savings account of the same currency.
[ Important notes ]
◆Time deposits will be a non-rollover type. At maturity, the principal and interest will be credited to the savings account of the same currency.
◆The interest rates offered for this campaign are only applicable to the initial deposit term. When time deposits, after maturity, are deposited in other time deposits with the same term as the former time deposits, the interest rates applicable to the same term time deposits at the expiry date will be applied. The interest rates, as of 23 July 2008, are: 0.30% p.a. (0.24% p.a. after-tax) for a six-month Japanese Yen time deposit; 1.73% p.a. (1.384% p.a. after-tax) for a six-month U.S. Dollar time deposit; 0.30% p.a. (0.24% p.a. after-tax) for a three-month Japanese Yen time deposit; and 1.39% p.a. (1.112% p.a. after-tax) for a three-month U.S. Dollar time deposit.
◆Deposits (including Japanese Yen deposits) are not covered by the Deposit Insurance Scheme.
◆The interest rates offered for this campaign can be applied only when a customer simultaneously applies for both a Japanese Yen time deposit and a U.S. Dollar time deposit.
◆The offered interest rates can only be availed of when a foreign currency time deposit is opened from Japanese Yen funds.
[ Items of Note ]
◆During the campaign, the offered interest rates may be revised, the conditions may be changed or the campaign may be
suspended as a result of changes in the market environment or conditions.
◆The exchange rates applicable for this campaign are the real time rates which will be applied to each transaction and will differ from the published bank middle rates.
◆This campaign is available only at HSBC Premier Centres and the HSBC Premier Call Centre, and not through internet banking.
◆This campaign is intended for individual customers holding an HSBC Premier account in Japan.
◆Before applying for this campaign,please be sure to read and understand the full product features and the terms and
conditions that apply. The product description is available at HSBC Premier Centres or our website.
 Yen Time Deposit Product Fact Sheet Foreign Currency Time Deposit: Pre-account Opening Risk Explanation Form
◆The approval of a client's participation in this campaign will be based on investment experience, the purpose of investment and acceptable risks.
[ Foreign currency cash handling fee ]
◆JPY1 per USD1 deposit or withdrawal at HSBC Premier Centres. |
| [ As of 1 August 2008 ] |
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