2 Weeks Maturity Foreign Currency Deposit

• Interest is subject to 20.315% withholding tax (national tax 15.315% and local tax 5%). The fractional figure of the after-tax interest rate shall be rounded down.
• The default setting of maturity instruction is automatic renewal (“Rollover Type”). The depositor may apply for automatic cancellation on maturity (“Cancellation Type”) at branches, PowrCall (telephone banking), and PowerDirect (online banking). To change the maturity instruction, such application shall be submitted to the Bank (i) by the branch closing time on the preceding business day of the maturity date at branches, (ii) by the preceding day of the maturity date via PowerCall (telephone banking) or PowerDirect (online banking).
• For Rollover Type, the aggregate sum of principal and after-tax interest thereon shall be automatically renewed for successive 2 weeks, and the interest rate which is posted as of the renewal of 2 Weeks Maturity Foreign Currency Deposit shall apply. If the depositor has applied for Cancellation Type, the principal and after-tax interest shall be remitted to the depositor’s PowerFlex foreign currency savings deposit in the same currency on the subsequent maturity date immediately after such application, and the posted interest rate on such savings deposit shall apply on and after the maturity day.
• Cancellation before maturity is not permitted in principle. If the Bank agrees to the cancellation prior to the maturity for any reason that the Bank deems justifiable, the only principal amounts shall be refunded (interest thereon shall not be honored).
• 2 Weeks Maturity Foreign Currency Deposit is not covered by deposit insurance.
• As the conversion rates of foreign currencies into yen (foreign exchange rates) fluctuate, foreign currency deposits carry a risk of loss of yen denominated principal resulting from exchange rate fluctuations when converting foreign currencies back into yen.
• In the event of high market volatility, system malfunctions, etc., the foreign exchange rates applied by the Bank may differ significantly from prevailing market rates. Customers are urged to confirm the foreign exchange rates to be applied to any such transactions.
• Currency exchange fees shall apply when depositing/withdrawing yen into/out of foreign currency accounts. Unconventional currency exchange fees may be applied in the event of drastic foreign exchange rate fluctuations or when major markets are closed. The maximum rates of such one-way exchange fees and round-turn exchange fees are 5.5 yen per currency unit and 11 yen per currency unit respectively. For a direct non-JPY cross currency exchange, the currency exchange fees will be 0.02 multiplied by one of the currencies. Regarding 2 Weeks Maturity Foreign Currency Deposit, the maximum rate of one-way exchange fees is 5 yen per currency unit and the maximum rate of round-turn exchange fees is 10 yen per currency unit.
• There is a risk of loss of yen denominated principal due to the application of currency exchange fees and applied interest rates, even if foreign exchange rates do not fluctuate.
• Cash in foreign currencies is not available at our branches.
• As a general rule, foreign currency remittances are limited to transfers to self-named accounts at the counter. Depending on the details of the transfer, its purpose and the currency, withdrawals through foreign currency remittances may not be available.
• Foreign currency remittances are subject to a processing fee designated by the Bank.
• Before investing in 2 Weeks Maturity Foreign Currency Deposit customers should carefully read the product description of foreign currency deposits (pre-contract document) that is available in branches and online so that they can fully understand characteristics of 2 Weeks Maturity Foreign Currency Deposit.