Dual Currency Deposit Account
Dual Currency Deposit (DCD) Account
DCD (Dual Currency Deposit) is a combination of a derivative transaction (an option) with a classic time deposit. The customer sells the right to buy/sell any kind of currency from the level that he/she is determined in a specified term and the bank in return pays a premium (an option premium).
For details of this and other investment products please visit any of the İktisatbank branches or call our Telephone Banking on +90(392)444-4444.
Dual Currency Deposit (DCD)
- Customer aims to achieve a higher yield by taking an exchange rate risk.
- This product is not a capital protected, the risk of the transaction varies depending on the movement of exchange rates on the market.
This is suitable for customers who wants to exchange their foreign exchange to TL from a suitable level.
Transaction Amount | USD 100,000 - |
Maturity Date | 32 day |
Spot Market Rate | 5,9300 (usd/tl) |
Agreement Rate | 5,9500 (usd/tl) |
Option Primium | %7 |
Deposit Interest | %4 (gross) |
Total Gain | %11 (gross) |
At the maturity, if the exchange rate of USD/TL is lower than agreement rate i.e. 5.9500 then:
The bank does not use its right owned according to the premium paid, the time deposit will stays as USD.
At the maturity, if the exchange rate of USD/TL is higher than agreement rate i.e. 5.9500 then:
The bank will use its rights owned according to the premium paid and the time deposit will be exchanged to TL with the agreement rate of USD/TL 5.9500.
In both cases option premium will be in the account at the next working day of the transaction date; the deposit interest; will be in the account at the maturity date.
This product is not a capital protected, the risk of the transaction varies depending on the movement of exchange rates on the market.
This is suitable for customers who wants to exchange their TL to foreign exchange from a suitable level.
Transaction Amount | TRY 100,000 - |
Maturity Date | 32 day |
Spot Market Rate | 5.9300 (usd/tl) |
Agreement Rate | 5,9000 (usd/tl) |
Option Primium | %4 |
Deposit Interest | %8 (gross) |
Total Gain | %12 (gross) |
At the maturity, if the exchange rate of USD/TL is higher than agreement rate i.e. 5.9000 then:
The bank does not use its right owned according to the premium paid, the time deposit will stays as TL.
At the maturity, if the exchange rate of USD/TL is lower than agreement rate i.e. 5.9000 then:
The bank will use its rights owned according to the premium paid and the time deposit will be exchanged to USD with the agreement rate of USD/TL 5.9000.
This product is not a capital protected, the risk of the transaction varies depending on the movement of exchange rates on the market.