Money Market Deposits - Authorised customers may place funds on deposit both on call or term as they require. Their features are simply:
Call Accounts:
- These can be opened in any currency in which the Branch is authorized
- Deposits and withdrawals can be made at any time
- Interest accrual on a daily basis and added to the principal at month-end
Term Deposits:
- All periods up to 1 year in major currencies.
- Interest earned can be added to principal or paid out at maturity
- On maturity the account can be used for new investments if required.
Money Market loans - Customers can utilize their authorized credit facilities to obtain short-term funding should they have the need.
Foreign Exchange - Our Branch is regulated by the South African Reserve Bank and is an authorized Foreign Exchange Dealer
Offering the following:
Spot transactions in local and major currencies
Forward transactions including NDFs , Renminbi and other major currencies
FX Swaps