Disclaimer:

In general, changes in interest rates in the country issuing the alternate currency relative to interest rates in the country issuing the base currency may affect the future value of the base currency relative to the alternate currency, as implied by currency contracts, which would generally affect the value of the DCI.

Interest rates may also affect the economy of a country issuing the relevant currencies and, in turn, the exchange rates and therefore the values of the currencies relative to one another. The interest rates for the base currency, with regards to the interest rate volatility, from time to time, may continue to be volatile.

The Bank has the right to repay the investor at maturity date either in the base currency or in a specified alternate currency at a conversion rate agreed at the time the DCI was made. The actual return of the investment may be negative in the event the base currency is paid in the alternate currency.  Exchange controls may also be applicable to the currencies your investment is linked to which may result in the loss of your principal sum.

An early withdrawal or early termination of the DCI may also result in a lower rate of return for the investor or a loss of the initial base principal amount invested/deposited. The Bank may, in its sole discretion, deduct additional costs, losses or expenses incurred in relation to such early withdrawal or early termination (including without limitation, any break cost, administrative cost, cost of unwinding any hedge being put in place, cost of funding or loss of bargain).

This message is for general knowledge or information only. It is not an offer or invitation to buy or sell securities, futures or other products or services. Our products or services vary in different jurisdictions, subject to their respective terms and conditions and the licences our affiliates and us hold. This message is not an advice or recommendation for any financial planning, investment, legal, tax or other purposes and, accordingly, no responsibility or liability is assumed by us or our affiliates, whether directly or indirectly, from any person taking or not taking action.

Investment products are not bank deposits, nor obligations of, nor guaranteed by HL Bank Singapore, or any of its affiliates or subsidiaries, and are subject to investment risks, including the possible loss of the principal amount invested. Investment products are not insured products under the provisions of the Deposit Insurance and Policy Owners' Protection Schemes Act 2011 of Singapore and are not eligible for deposit insurance coverage under the Deposit Insurance Scheme.

Past performance is not indicative of future results and prices and values can go up or down. Investors investing in funds denominated in non-local currency should be aware of the risk of exchange rate fluctuations that may cause a loss of principal when foreign currency is converted back to the investors' home currency. Investors should therefore determine whether any foreign currency investment is suitable for them in light of their personal investment objectives, financial means and risk profile.