Dual Currency Returns

Foreign currency investment with returns more optimal than conventional deposits

Competitive Return

Higher profitability compared to conventional time deposits

Short Term

Flexibility to choose the period according to business needs 

Available in Various Currency

Flexible to choose foreign currencies according to business needs

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Foreign currency investment with returns more optimal than conventional deposits

    Interest and Fee

    Other Information

    Requirements

    Disclaimer

Interest:
The rate of return paid is fixed in accordance with the agreement in the transaction contract and is paid when due

Fee:
  1. There is no fee charged to the Customer for placement on this product.

  2. Costs due to Early Termination if it occurs. Basically, DCR disbursement before maturity is not allowed. If DCR disbursement before maturity upon Customer's request cannot be avoided, the Customer is obliged to provide compensation to the Bank for any losses, costs, bills and or expenses that may occur as a result of the accelerated disbursement, including funding costs and losses or costs incurred as as a result of termination and remaking of related trading positions in full and will pay administrative fees and other claims that may be charged to the Bank (all hereinafter referred to as "Termination Fees Before Time")
I. Product Description

Dual Currency Return (DCR) is a short-term investment instrument which is a structured product in the form of a combination of deposits and Foreign Exchange Option instruments

With DCR, customers will get the potential for higher returns than conventional time deposits and protected structured products, but there is no 100% return protection on the principal value of the placement

DCR does not provide protection for the principal value of the placement of the Customer because at maturity there is a possibility the Customer receives funds in currency pairs (alternate currency), according to the previous agreement


II. Product Simulation
  1. “CONVERTED” transaction Scenario
    If on Fixing Date & Time (18 July 18) the AUD / USD reference spot rate is below 0.7400, for example 0.7350, the customer's funds are "CONVERTED"
    • Customer will receive the investment in AUD with detail as follows:
      = USD 25,000 + (USD 25,000 x 5% x 7/365)
      = USD 25,023.97 gross
      = USD 25,019.18 net: 0.7400 (strike)
      = AUD 33,809.70 net
  2. “NOT CONVERTED” transaction Scenario
    If on Fixing Date & Time (18 July 18) the AUD-USD reference spot rate is equal to or above 0.7400, the customer's funds are "NOT CONVERTED"
    • Customer will receive the investment in USD with detail as follows:
      = USD 25,000 + (USD 25,000 x 5% x 7/365)
      = USD 25,023.97 gross
      = USD 25,019.18 net
Example of DCR Transaction:
Pasangan Mata Uang (Ccy Pair) AUD/USD
Mata Uang Dasar (Base Ccy) USD
Mata Uang Alternatif (Alternate Ccy) AUD
Tenor 1 Minggu (=7 hari)
Tanggal Transaksi (Transaction Date) 11 Juli 2018
Tanggal Penempatan (Placement/Value Date) 13 Juli 2018
Tanggal Penentuan (Fixing/Expiry Date) 18 Juli 2018 (Pk 13.00 WIB)
Tanggal Jatuh Tempo (Maturity Date) 20 Juli 2018
 Nominal USD 25,000
Spot  0.7500
Buffer 100
Strike Price 0.7400 (spot - buffer)
Bunga (Yield) 5% p.a. (gross)

III. Risk of Product and Other Information
  1. Market Risk
    Customer refunds at maturity depend on the performance of the underlying Reference. If the Customer's funds are converted into alternative currencies and the Customer decides to convert back the funds to the base currency, the Customer will likely experience capital loss on the principal placement in the DCR product; or If the Customer's funds after converting to an alternative currency and since then the exchange rate of the alternative currency chosen by the Customer continues to weaken, the Customer will experience a principal loss on the placement of the DCR

  2. Liquidity Risk
    DCR cannot be disbursed by the customer before maturity

  3. Feature Risk
    Customer's funds at maturity can be converted into alternative currencies, if the exchange rate of the base currency against alternative currencies on the date and time of determination is higher (stronger) than the target exchange rate agreed mutually between the Customer and the Bank

  4. DCR cannot be rolled over, so each placement is a new placement; and

  5. DCR cannot be used as a credit guarantee

IV. Facility / Channel

Transactions can be done at all Bank OCBC NISP branch offices

V. Complaint Procedure

Customers can submit complaints related to DCR products through:

  1. Call OCBC NISP di 1500 – 999 (domestic call) atau 021-26506300 (overseas call)
  2. Contact Relationship Manager (RM)
  3. Email to callcenter@ocbcnisp.com
  4. Click www.ocbcnisp.com

Terms and Condition

  1. For 1st transaction, customer must receive, understand and submit the following documents:
    • Call Report (of the meeting between customer and RM)
    • Risk Profile Questionnaire
    • Term and Condition of DCR Product
    • Product Highlight Sheet DCR

  2. The customer must submit a copy of his identity card and proof of asset ownership in the form of cash, saving account, current account and/or time deposits

  3. The customer must wait for a cooling off period of 3 working days after the customer receives and completes the document before making a DCR transaction for the first time. For subsequent placements, the customer will receive an indicative term sheet and only need to complete the Structured Product Placement Form (DCR Section) and proof of asset ownership

  4. Currency of DCR placement can only be done according to the currency available at Bank OCBC NISP

  5. IDR currency is not allowed for DCR placement

  6. Minimum placements:
    Nominal transaction starts from USD 10.000 or equivalent (bookbuilding USD 25.000)

  7. Individual customer must have liquid assets of IDR 5 billion or equivalent in the form of cash, saving account, current account and/or time deposits
  1. You hereby acknowledge that you have read, received explanation and understood the product and/or service as specified in this Summary of Product and/or Service Information (“Summary”) and have informed, understood and accepted any consequences of product and/or service including all inherent benefits, risks and costs.
  2. This Summary is intended only as an information and does not aim to be a basis for investment decisions. Past performance is not an indication of future performance. Any proposal documents for investment related products, must be studied further. Any projections, opinions or other statistical facts displayed in this information are only an indication and are not guaranteed in any form. You must determine your own decisions in accordance with the needs and investment strategies by considering legal, tax and accounting issues. Based on good intentions and moral responsibility, Bank OCBC NISP and each of its employees are not responsible for any direct or indirect losses, or as a consequence arising from the use of and dependence on this information in an investment decision.
  3. Bank OCBC NISP reserves the right to reject your product and/or service application if it does not fulfil the requirements and the application of laws and regulations.
  4. You have to carefully read this Summary and contact Bank OCBC NISP if there are further queries in respect of the product and/or service contained in this Summary.
  5. This Summary has been adjusted to be in accordance with the provisions of regulations including the regulations of Financial Service Authority.

This Summary is made in English and Bahasa Indonesia, and in the event of inconsistency between the version, Bahasa Indonesia shall prevail.

PT Bank OCBC NISP Tbk terdaftar dan diawasi oleh OJK dan merupakan peserta penjamin LPS

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