• Higher interest rates and
    flexible deposit options
  • Real-time pricing
  • Lower investment amount
    with shorter tenors

What is a PCI?

A PCI is a structured - or customised - investment product that is linked to a pair of currencies. The tenor of a PCI can range from one week to three months with minimum investment amount of SGD30,000 (or its equivalent in other currencies).

All you have to do:
  • Choose a base currency
  • Choose another currency as your alternate currency
  • Agree on a Target Conversion Rate (TCR) to be applied between the two
  • Decide on your placement tenure

On maturity, you will receive both the principal and interest in either the alternate currency (to be converted at TCR) or the base currency.

The investment is ideal for you when
  • You wish to enjoy higher potential interest in either currencies potentially above fixed deposits rates
  • Take advantage of your currency deposit weakening against an alternate currency, which you can earn interest against
  • You seek superior real-time pricing, flexibility of tenor and control over your investments
Currencies Available
  • Within our range of available currency selection, you decide on the base and alternative currency pairing from the following currencies:
    • Australian Dollar
    • Euro Dollar
    • Japanese Yen
    • New Zealand Dollar
    • Pound Sterling
    • US Dollar
    • Canadian Dollar
    • Singapore Dollar

How it works:

Let's assume you have funds of SGD100,000 and you don't mind holding AUD.

Let's say the Spot Exchange Rate between these two currencies is 1.2200. However, preferring to be more conservative you set a Target Conversion Rate (TCR) of 1.2150.

As you don't need the funds for the next month, you choose a one-month tenor.

At this stage, we will inform you of the guaranteed interest rate that you will enjoy. In this case, let's assume it is 8% p.a.
On Fixing Day (two business days before maturity), it will be determined whether your funds plus the guaranteed interest will be repaid in SGD or AUD.

Scenario 1 Scenario 2
SGD weakens against AUD, compared to the TCR you have set. It now trades at 1.2250. SGD strengthens against AUD to TCR or beyond the TCR that you have set. It now trades at 1.2050.
You will receive:
Your funds
One-month's interest in SGD.
You will receive:
Your funds
One-month's interest in AUD converted at TCR of 1.2150.
Which is:
(1/12 x 8% x 100,000)
= SGD100,667
Which is:
(100,000 + 667) ÷ 1.2150
= AUD82,853
(if converted at AUD/SGD spot of 1.2050 at expiry, SGD equivalent is SGD99,838, a shortfall of SGD162)

The actual profit/shortfall is dependent on the spot AUD/SGD at expiration.
What are your available options if your SGD is converted into AUD?
  • You can put your AUD into an ordinary fixed deposit account to enjoy an interest rate that is usually higher than most SGD fixed deposit accounts.
  • You can wait for the AUD to appreciate back to 1.2150 or higher. You can then decide if you want to convert the funds back to SGD.
  • You can remit the funds to Australia, e.g. to pay for your child's tuition fees.
  • You can open another Premium Currency Investment account with AUD as your base currency and SGD as the alternate currency, to earn another round of higher interest rate. You may again set the TCR at the same level of 1.2150.

You might also be interested in

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Diversify your portfolio with bond investment. More details »

Unit Trusts
Whatever your investment timeframe, we have a wide range of funds that offer strong potential returns. More details »

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