Investment Products

Features & Benefits

DCI is yield enhancing investment that provides higher guaranteed return than regular FCA deposit. In exchange for a higher guaranteed return, on maturity date, the bank has the right to return the investment amount in either original currency or alternate currency at pre-agreed exchange rate as determined on the investment start date. This investment is suitable for investors who are indifferent in holding either currency at maturity of investment.

Example: AUD/MYR Dual Currency Investment (DCI)

Instead of placing a MYR deposit at regular interest rate of 2.9% p.a., investors can invest in AUD/MYR DCI for a 1 month tenor, where the bank pays an interest rate of 5.5% p.a. with the conversion strike rate at 3.0100 (assuming prevailing spot rate of AUD/MYR is 3.0290).

On Maturity,

If spot AUD/MYR > 3.0100, the bank will return P+I in MYR
If spot AUD/MYR < 3.0100, the bank will return P+I in AUD after converting initial MYR deposit plus interest amount at the rate of 3.0100

Callable Inverse Floater Notes (CIFNs)

CIFN is a yield enhancement product that provides potential higher returns than the regular MYR Deposits. The bank has a right to call the CIFNs at a predetermined call date which will be stipulated in the Term Sheet. Customers will continue to earn yields as long as 3-month-KLIBOR (Kuala Lumpur Interbank Offered Rate) fixes below a predetermined strike level. This investment is suitable for investors who have a view that 3-month-KLIBOR will remain below the strike level during the tenor of the product.

Example: Callable Inverse Floater Notes (CIFNs)

Investors can invest in CIFNs for 5 year tenor (subject to call by HLBB), where the bank pays 5.00% p.a. for first 6 months and subsequently, a coupon that is based on 3 Month KLIBOR fixing below a predetermined strike level.

The coupon will have the formula of 4.50 x (4.50% - 3 Month KLIBOR), floored at 0.00%.

  • If 3 Month KLIBOR fixes at 3.00% for the relevant period, customers will earn 6.75% p.a. [4.50 x (4.50%-3.00%)]
  • If 3 Month KLIBOR fixes at 4.00% for the relevant period, customers will earn 2.25% p.a. [4.50 x (4.50%-4.00%)]
  • If 3 Month KLIBOR fixes at 5.00% for the relevant period, customers will earn 0.00% p.a. [4.50 x (4.50%-5.00%)], floored at 0.00%
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Callable Range Accrual Notes (CRANs)

CRAN is a yield enhancement product that provides higher returns than the regular MYR Deposits. The bank has a right to call the CRANs at a predetermined call date which will be stipulated in the Term Sheet. Customers will continue to earn yields as long as 3-month-KLIBOR (Kuala Lumpur Interbank Offered Rate) stays within a predetermined range. This investment is suitable for investors who have a view that 3-month-KLIBOR will maintain within a certain range during the tenor of the product.

Example:  Callable Range Accrual Notes (CRANs)

Instead of placing a MYR deposit at regular interest rate of 2.90 % p.a., investors can invest in CRANs  for a 5 year tenor (subject to call by HLBB) , where the bank pays 5.50% p.a. as long as 3 Month KLIBOR stays within a predetermined range.

  • If 3 Month KLIBOR stays within the predetermined range for 365 out of 365 days, customers will earn 5.50% p.a. (365/365 * 5.50%)
  • If 3 Month KLIBOR stays within the predetermined range for 184 out of 365 days, customers will earn 2.77% p.a.( 184/365 * 5.50%)
  • If 3 Month KLIBOR stays within the predetermined range for 0 out of 365 days, customers will earn 0.00% p.a.( 0/365 * 5.50%)

Memory Coupon FRNID

Memory Coupon FRNID is a yield enhancement product that provides higher returns than the regular MYR Deposits. It is a 2-year equity linked FRNID that involves a basket of stocks. 100% of the principal will be returned if the product is held to maturity. Investors will earn 7% p.a. for every month that the underlying stocks in the basket closes at equal to or above its respective strike prices on any day during the trading month.

Example: Memory Coupon FRNID

  • If underlying stocks closes at equal to or above its respective strike prices for 24 months out of 24 months, the product will pay 14% on notional amount.
  • If underlying stocks closes at equal to or above its respective strike prices for 12 months out of 24 months, the product will pay 7% on notional amount.
  • If underlying stocks closes at equal to or above its respective strike prices for 6 months out of 24 months, the product will pay 3.5% on notional amount.
  • If underlying stocks closes at equal to or above its respective strike prices for 0 month out of 24 months, the product will pay 0.00% on notional amount.