which SMBC Trust Bank regards it as necessary, transactions in foreign currencies may be suspended without prior notice.

For transactions in ZAR, CNY, TRY, MXN, etc., the conditions may be restricted (the timing of deposits, withdrawals, etc.).Foreign Currency Deposits are not covered by any deposit insurance.Please inquire at a branch or via PRESTIA Phone Banking or see the Service Fee List for more information about each commission.differ according to conditions in transactions, we can't show information about them beforehand. Because other commissions for fund transfer etc.Foreign Currency Cash Handling Charge : When you deposit or withdraw US dollar or Euro in cash, the Foreign Currency Cash Handling Charge (2 yen per US dollar/3 yen per Euro) will be applied.1 yen for conversion to or from 1 US dollar 2 yen for conversion to and from 1 US dollar). The rate at which Yen is converted to another currency (TTS rate) and the rate at which a foreign currency is converted to Yen (TTB rate) each include the foreign exchange commission prescribed by SMBC Trust Bank (e.g.As a result, the amount in yen, including interest, that you receive may be smaller than the amount in yen at the time of deposit, resulting in a loss of principal, unless the yen depreciates against the foreign currency by a margin that exceeds the foreign exchange commission, and not only in the case that the yen appreciates against the foreign currency. The rate at which yen is converted into foreign currency (TTS rate) and vice-versa (TTB rate) each includes a foreign exchange commission set by SMBC Trust Bank. There is no risk of a loss of principal in the deposited foreign currency, but the Yen-equivalent value of the deposited foreign currency amount may rise and fall due to FX fluctuations (foreign currency risk).

With regard to currency exchange, deposits, withdrawals, etc., such transactions may be restricted due to changes in regulations, etc.įurthermore, emerging-market currencies carry the risk of a high level of fluctuations in foreign currency rates due to the economic and political situation of countries which issue the currencies.īefore transacting in emerging-market currencies, please be sure that you understand that transactions in these currencies have a relatively higher risk compared to transactions in the currencies of developed countries.

have higher risk than currencies of developed countries. Particularly, emerging-market currencies such as South African Rand (ZAR), Chinese Yuan (CNY), Turkish Lira (TRY), Mexican Peso (MXN), etc. Certain transactions may also be restricted, such as a restriction on the withdrawal of deposits. Deposits in foreign currencies have country risks such as fluctuations in foreign currency rates, decreased liquidity, and the possibility for dysfunction in foreign exchange markets caused by changes in economic and political situations, as well as changes in regulations, etc.

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