Introduction Features Service Channel Transaction Guide Risk Disclosure
Structured deposits are deposits absorbed by commercial banks embedded with financial derivatives, which are linked to fluctuations in interest rates, exchange rates, indices, etc. or to the credit of an entity, so that clients can obtain relevant returns on the basis of undertaking certain risks. The structured deposit is calculated within the balance sheet of commercial banks and is included in the payment scope for deposit reserve and deposit insurance premiums according to deposit management.
Industrial Bank’s individual structured deposits are 100% principal protected, and returns to depositors will depend on the price performance of the underlying financial instrument according to the relevant terms as stipulated in the product agreement. Returns are calculated according to this formula: The maturity rate = fixed interest rate (annualized) + excess interest rate (annualized).
1. Account opening service: the Bank's business outlets.
2. Transaction service: Via counter services in Industrial Bank’s business outlets, online banking, mobile banking, and self-service terminals.
3. Inquiry service: Via counter services in Industrial Bank’s business outlets, online banking, telephone banking, mobile banking, and self-service terminals.
1. Deposit currency and minimum deposit amount
CNY 10,000 or USD 2,000
2. Deposit tenors available:
The tenors vary from 1 month, 3 months, 6 months, to 1 year, which are subject to the actual tenor as stipulated in the product agreement.
3. Business application
You may go to any branch outlet of Industrial Bank to open a debit card account with your valid ID card, and if someone else is appointed to act on behalf of you, the valid ID card of the person is also required. You may purchase our individual structured deposit product after opening a debit card account.
1. A structured deposit is NOT equivalent to a deposit as it carries with it some risks. You should be fully aware of the risk to make a prudent investment decision.
2. Before you purchase a structured deposit from the Bank, you are required to conduct a risk tolerance assessment at the Bank’s business outlets and fill in the Risk Profiling Questionnaire (Individual Customer). The assessment result given by this questionnaire is valid for one year only and will be an important factor in evaluating whether you are suitable for purchasing a structured deposit. You may subsequently assess your risk profile level via our business outlets or online banking.
3. When you purchase structured deposits at the counter of the Bank's branch outlets, the Bank shall have the authority to make audio and video recordings following the relevant regulations.