With your surplus funds in a foreign currency, you may be thinking...

  • "I want to convert my funds in a foreign currency back into Yen at weaker Yen levels."
  • "I wish to make effective use of my available funds while waiting for the Yen to weaken."

If so, choose the Premium Deposit (Deposit in Foreign Currency).

Example

Steps

STEP 1

Determine your deposit amount.

Minimum amount equivalent to 1,000,000 yen
Minimum amount equivalent to 500,000 yen*

  • *For transaction via online banking

STEP 2

Select your deposit currency:

USD, EUR, GBP, AUD, NZD, CAD, CHF

STEP 3

Determine your deposit term:

1 week*, 2 weeks, 1 month, and 3 months; and other terms as determined by SMBC Trust Bank.* In principle, 1 week is available only on online banking.

STEP 4

Determine your Strike Price by setting your differential.

The Strike Price is calculated by adding your selected differential to the Spot Price.

STEP 5

Your interest rate is now set.

  • *Selectable differential is within the range set by SMBC Trust Bank and subject to market conditions and may change without prior notice.

For example,

  • Principal amount: AUD 30,000
  • Deposit term: 1-month
  • Counter currency: Yen
  • Differential: ¥1
  • Annual interest rate after tax: 4.000%
At the time of deposit Deposit term: 1-month 3:00 PM on maturity date Strike Price \91.00/AUD Differential:\1 Spot Price \90.00/AUD Yen depreciation 96 95 94 93 92 91 90 89 88 87 86 Yen appreciation Foreign exchange rate fluctuation Point 1 Point 2 Point 3 Principal (counter currency) \ Received in Yen after conversion at the Strike Price \2,730,000 AUD30,000*\91.00/AUD=\2,730,000 Interest (deposit currency) AU$ Received in Australian dollars AUD 100.00 (after tax) AUD30,000*4.000%*1/12month=AUD100.00 Principal (deposit currency) AU$ Received in Australian dollars AUD 30,000.00 Interest (deposit currency) AU$ Received in Australian dollars AUD 100.00 (after tax) AUD30,000x4.000%*1/12month=AUD100.00 currency image
  • The Spot Price equals the exchange rate determined by SMBC Trust Bank based on the exchange rate as quoted on the interbank market.
  • The Strike Price is calculated by adding your selected differential to the Spot Price. If the exchange rate of Yen against your selected foreign currency (counter currency) at 3:00 P.M. on your maturity date indicates yen depreciation equal to or beyond the Strike Price, your principal will be converted into Yen at your selected Strike Price when paid.
  • The differential is the rate range to be used to set your Strike Price from the Spot Price. Selectable differential is within the range set by SMBC Trust Bank and subject to market conditions and may change without prior notice.
  • Deposit currency: USD, EUR, GBP, AUD, NZD, CAD, CHF

Point 1

Whether the currency conversion occurs or not depends on the spot rate at 3:00 P.M. on the maturity day. Even if the market exchange rate exceeds the strike price during the deposit period, funds will neither be exchanged for the counter currency, nor will a decision be made to exchange for the counter currency, at that time.

Point 2

  • Please note that your principal will be converted into Yen at the Strike Price preset by you at the time of deposit, not at the exchange rate prevailing on the maturity date. Since the Strike Price is usually more unfavorable than the foreign exchange rate prevailing in the market at maturity, a loss of principal may occur when you convert your received funds in Yen back into your deposit currency on the maturity date.
  • When you convert your received Yen funds back into your deposit currency, the TTS rate specified by SMBC Trust Bank will be applied to the conversion. The TTS rate includes the foreign exchange commission prescribed by SMBC Trust Bank.

Point 3

  • Even if you receive your funds in deposited foreign currency, the Yen-equivalent value you would receive may be less than the amount of Yen-equivalent value you initially deposited in the event the deposit currency has depreciated against Yen.
  • When you convert your received foreign currency funds in Yen, the TTB rate specified by SMBC Trust Bank will be applied to the conversion. The TTB rate includes the foreign exchange commission prescribed by SMBC Trust Bank.
  • Please note that the foreign exchange rates and interest rates shown above are used as examples. Actual foreign exchange rates and interest rates that will be applied to your transactions will differ from these examples.
  • In principle, interest is subject to a 20.315% withholding tax (National tax 15.315% and Local tax 5%) for individual customers. Comprehensive income taxation applies to corporate customers. The tax rate etc. may change in the future due to reasons such as the revision of tax laws.

Find the transaction channel that is suitable for you

Product description

Available Deposit Currencies
USD, EUR, GBP, AUD, NZD, CAD, CHF
Available Counter Currency
JPY
Term of Availability
1 week *, 2 weeks, 1 month, and 3 months; and other terms as determined by SMBC Trust Bank.
  • *In principle, 1 week is available only on online banking. For details of available terms at each channel, inquire at our branches or PRESTIA Phone Banking.
Automatic Renewal
Automatic renewal is not available.
Deposit Amount
Minimum amount equivalent to 1,000,000 yen
For transaction via online banking, the minimum amount is 500,000 yen equivalent.
  • *SMBC Trust Bank may change the minimum deposit amount without prior notice.
  • *There may be a restriction on the maximum deposit amount depending on the deposit timing and/or transaction channel.
Payment at Maturity

The Deposit is processed as follows on the maturity date.

Principal

  • If the Spot Price of Yen against the Deposit Currency which is determined by SMBC Trust Bank based on the exchange rate as quoted in the interbank market at 3:00 p.m. on the maturity date indicates Yen depreciation equal to or beyond the Strike Price:
    The principal shall be converted into Yen at the Strike Price, and then credited to the PRESTIA MultiMoney Yen Savings Account.
  • If the Spot Price of Yen against the Deposit Currency which is determined by SMBC Trust Bank based on the exchange rate as quoted in the interbank market at 3:00 p.m. on the maturity date indicates Yen appreciation beyond the Strike Price:
    The principal shall be credited into the PRESTIA MultiMoney Foreign Currency Savings Account in the same currency.

Interest

Interest after deduction of taxes shall be credited into the PRESTIA MultiMoney Foreign Currency Savings Account in the deposited currency.

Note

The principal and interest will be credited into the PRESTIA MultiMoney Savings Account on the maturity date. Therefore, the funds in PRESTIA MultiMoney Savings can be withdrawn/used after the payment.

Applicable Interest Rates
The applicable rate from the date of deposit until maturity shall be the rate as published by SMBC Trust Bank at the time of making the deposit.
Interest rates will change according to market conditions; thus interest rates may vary depending on the timing even when the same Deposit Currency, Tenor, Strike Price, and Differential are specified. The savings interest rate of the account to which the maturity funds are credited will apply on and after the maturity date. For the latest rates, please inquire at our branches, PRESTIA Phone Banking or online banking.
Payment Method
Interest is paid in a lump sum at maturity.
Transaction Channels and Contact Number
Branches of SMBC Trust Bank Ltd. that are set up to handle said transactions.
Certain transactions may not be available via online banking and PRESTIA Phone Banking.
For details, please inquire at our branches or via PRESTIA Phone Banking (Domestic (toll-free) 0120-110-330; From overseas (charges apply): 81-46-401-2100.)

Important Notices

This product is a structured deposit whereby the exchange rate at maturity determines the currency in which you receive your deposit principal.

Premium Deposit is not suitable for customers to whom the following conditions apply;

  • Customers to whom currency exchange is an absolute priority.
  • Customers who do not wish to absorb a loss in their invested principal.
  • Customers who do not wish to be exposed to the risk of foreign currency exchange rate fluctuations.

Please note

This product entails some risks such as loss of principal in the original deposit currency and/or Japanese yen. Please read the "Information Memorandum and Pre-Contract Document" carefully, and make sure you fully understand the product before making the transaction.

Please see here for the details of Risk of loss of principal, Commissions, Other considerations and available currencies, etc.

Related Information

For Transactions

Customers can use the following methods to check the strike prices that can be set, applicable interest rates, etc.

InternetOnline banking

InternetOnline banking

  • *Connecting to transaction menu from above.
    Navigation Menu: Investment & Reports > Premium Deposit (Structured Deposits)

Telephone

PRESTIA Phone Banking

0120-110-330Within Japan（toll-free）

24 hours a day, 365 days a year

81-46-401-2100From Overseas（toll-charge）

24 hours a day, 365 days a year

BranchFind a branch