Structured Deposits Making your funds work better for you A range of deposits that may give you an enhanced yield from changes in underlying markets, such as foreign exchange, interest rates, credit and commodity markets. How we can help you.
Speaking Up
Standard Chartered Bank (the “Bank”) is committed to maintaining a culture of the highest ethics and integrity, and in compliance with all applicable law, regulation and internal policy. As part of this commitment, the Bank has a ‘Speaking Up’ programme through which genuine concerns in this regard can be raised. Members of the public can securely raise Speaking Up concerns through this hyperlink, which is hosted on behalf of the Bank by a third party ‘InTouch’. Examples of concerns that can be raised through this website are concerns that relate to accounting, internal accounting controls or auditing matters and concerns relating to bribery or banking and financial crime. Concerns received will be forwarded to the Bank’s investigations team for review. Complaints relating to SCB banking services should not be raised through this site in the first instance, but through the SCB branch network, contact centres, Relationship Managers or the ‘Contact Us’ webpage.
Structured Deposit Pricing
Structured Deposit Illegal
- Structured Deposit Products. Structured deposits are savings accounts where the return is based on the performance of an index. Normally if the index is higher than it’s starting level on the maturity date you will receive an interest payment. If the index has dropped or stayed the same you would not receive any interest.
- Structuring, also known as smurfing in banking jargon, is the practice of executing financial transactions such as making bank deposits in a specific pattern, calculated to avoid triggering financial institutions to file reports required by law, such as the United States' Bank Secrecy Act (BSA) and Internal Revenue Code section 6050I (relating to the requirement to file Form 8300).
- Structured deposits are based on indices of the financial or commodity market, such as FX rates, share prices, values of exchange indices, prices of commodities or baskets of those variables, evolution of which may determine the end interest rate on the structured deposit.
Structured Deposit Ocbc
Disclaimer
Examples Of Structuring Money
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