- Discount at issue
- Potential return higher than that offered by the money market
- Short lifespan
- No brokerage fee, stamp duty or admin commission to pay
- Custom product
- Securitisable product
- Guaranteed coupon (or discount)
- Advice and monitoring provided by our Forex team
- Possibility of investment being converted into another currency at a better rate than the spot rate at issue
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Dual Currency Certificate
If you want the best return on your cash and are willing to accept the risk of being reimbursed in another predefined currency, our Dual Currency Certificate fits the bill. It consists of a long position in a given currency combined with a short position on a currency option. Depending on market conditions at maturity, the repayment of your original investment and the payment of the maximum return may take place in a predefined alternative currency. This product is aimed particularly at investors with a multi-currency portfolio.
You are holding CHF and want the best return on your cash. In return, you accept the risk that your original investment may be converted into EUR.
| Investments in CHF (EUR/CHF) | |
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Investment currency |
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Replacement currency |
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Final measurement date |
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Nominal |
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Spot rate |
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| Conversion rate |
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| Maximum yield |
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Swiss tax
Swiss withholding tax is not applied if the product's maturity is less than one year. Gains on Dual Currency Certificates are regarded as capital gains. They do not currently constitute taxable income in Switzerland for individuals whose tax domicile is in Switzerland and who hold these instruments as part of their private assets.
European Union withholding tax
Dual Currency Certificates are not subject to the EU withholding tax.
The contact information shown here is reserved for our professional clients (e.g., institutional clients, financial intermediaries, pension funds, insurance companies, and businesses).
Advisory service
Foreign exchange
Mandates
Occupational pensions
Structured products
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We're available Monday to Friday, from 8:00am to 6:00pm.
We'll get back to you within one working day.