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Citizens of foreign states |
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Sri Lankan citizens resident outside Sri Lanka |
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Corporate bodies incorporated outside Sri Lanka |
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Foreign institutional investors such as country funds |
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Mutual funds and regional funds |
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| Investment amount |
| Minimum of USD 50,000/- and maximum of USD 5,000,000/- |
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| Investment periods & Enhanced Yield |
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3 Months - 9.50% |
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6 Months - 10.00% |
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Subject to a minimum period of 7 days.
Yield on pre-mature upliftment;
7 days to 3 months 9.50%. 3 months to 6 months 10.00% |
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| How do I withdraw my money? |
| Outward remittances and transfer to other FIDA account are permitted as per Central Bank of Sri Lanka (CBSL) guidelines. FIDA funds could be remitted out of Sri Lanka under established KYC guidelines with no restriction by CBSL. |
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| Risks & Mitigants |
The yield on this transaction would be negatively impacted in the event of a significant appreciation of the US Dollar against LKR which could result in a reduction of the initial yield of 15.00%.
The US Dollar having started the year at 108.60 has appreciated during the year and currently trades at 107.75. The Dollar is expected to continue its range bound trade during 2008 and remain flat to avoid the impact of imported inflation on the local economy.
Nations Trust Bank PLC would closely monitor the movement of USD/LKR exchange rate and provide regular market view/updates to investors, thus enabling investors to exit the investment prior to maturity if the need arises. |
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| USD/LKR Exchange movement for 2009 |
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| How do I open an Account? |
| You can open your FIDA account online in 5 easy steps |
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| Step 1 |
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Click Here or on the banner on the left hand side of this page and fill the application form |
| Step 2 |
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Print out completed form and take it to the nearest bank and get the form verified by authorised signatories from the bank |
| Step 3 |
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Send the completed form along with other relevant documents to Nations Trust PLC |
| Step 4 |
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We open your account for you and send you the details via e-mail |
| Step 5 |
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Remit USD proceeds to the following account
Deutsche Bank Trust Company Americas- New York
A/C No. 04-043-251
SWIFT CODE. BKTRUS33 |
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| About Nations Trust Bank PLC |
Nations Trust Bank is one of the fastest growing banks in Sri Lanka. Our portfolio of financial product and services cater to the varying requirements of individual, corporate or institutional clients supporting our market positioning of “One Bank Many Solutions”.
We offer a wide range of great value financial products ranging from tailor- made Treasury products, to retail products, from leasing to American Express credit cards. These have ensured the rapid growth of the Bank while maintaining stability and boasting one of the lowest NPL figures among banks in Sri Lanka. Fitch Rating has affirmed the Bank’s National Long –term rating at ‘A(lka)’ with a Stable Outlook. |
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For more details about Nations Trust Bank and its Services, please Click Here
Want more information?
Further details can be obtained by contacting Nations Trust Bank Treasury; Gehan (+94-11-4313120)
Lalindi (+94-11-4313122), or e-mail us on treasury@nationstrust.com
TERMS AND CONDITIONS
Enhanced Yield Foreign Investment Deposit Accounts are subject to the terms and conditions of the Nations Trust Bank PLC.
This document is issued by Nations Trust Bank PLC (NTB) and contains indicative terms of a prospective transaction. It’s for
discussion purposes only and does not constitute any offer, recommendation or solicitation to any person to enter into any
transaction or adopt any hedging, trading or investment strategy, nor does it constitute any prediction of likely future movements in rates, prices or any representation that any such future movements will not exceed those shown in any illustration. The indicative terms are neither complete nor final and are subject to further discussion and negotiation. The terms of any transaction entered into will be recorded in written conformation or other document. NTB has no fiduciary duty towards you and assumes no responsibility to advise on and make s no representation as to the appropriateness or possible consequences of the prospective transaction. NTB and/or a connected company may have a position in any instruments or currencies mentioned in this document.
You are advised to make your own independent judgment with respect to any matter contained herein. |
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