Chinese Yuan Corporate Savings Account
- Name of Product : China CNY Corporate Savings Account and China CNY Overseas Payment Savings Account
- Key Features : The Accounts are suitable for Korea-based companies which carry out CNY transactions with companies
located in China (designated by the Chinese administrative rules). They allow you to access your funds for everyday
transactions and withdrawals while earning fixed interest income on the daily balance.
- Minimum Deposit Amount : Within the amount specified in supporting documents submitted (product transactions, etc)
- Interest Rate : The interest rate notified at a branch office of the Bank or on the internet homepage of the Bank as of the date
of account opening shall apply.
The interest rate may change. If the rate changes, the new rate shall apply upon the date of change.
* This product is eligible for the protection under the Depositor Protection Act. The Korea Deposit Insurance Corporation protects
a maximum of KRW50mil including the principal
and interest for each depositor at each financial institution in accordance with
the Act.
Chinese Yuan Corporate Time Deposit Account
- Name of Product : China CNY Corporate Time Deposit Account and China CNY Overseas Payment Corporate Time Deposit
Account
- Key Features : The Accounts are suitable for Korea-based companies which carry out CNY transactions with companies
located in China (designated by the Chinese administrative rules). Fixed interest rate is applied until the maturity date.
- Deposit Period :
. China CNY Corporate Time Deposit Account - The period of the deposit shall range from (no less than) seven (7) days to
(no longer than) one (1) year.
. China CNY Overseas Payment Corporate Time Deposit Account - The period of the deposit shall range from (no less than)
seven (7) days to (no longer three (3) months (this may change subject to relevant regulations in China)
- Minimum Deposit Amount : CNY 1 million (within the amount specified in supporting documents submitted such as invoices, etc)
* This product is eligible for the protection under the Depositor Protection Act. The Korea Deposit Insurance Corporation protects
a maximum of KRW50mil including the principal
and interest for each depositor at each financial institution in accordance with
the Act.