CCM Foreign Currency Accounts

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Foreign currency deposits for global citizens

In a world in which businesses and individuals are becoming global citizens, they require products and services that match their global requirements. Whether it’s to manage offshore obligations or to diversify local currency risk, a deposit denominated in a foreign, hard currency can help your clients to manage their offshore affairs.

The Investec CCM USD Call Deposit and CCM USD 32 Day Notice Deposit accounts are US dollar-denominated deposits designed to service this very need. Your clients will have capital-protected access to hard currency at a competitive rate linked to the US benchmark rate.

Summary of offering

CCM USD Call Deposit

The Investec CCM USD Call Deposit is a USD denominated savings account with an interest rate linked to the secured overnight financing rate (SOFR).

  • Immediate access to funds
  • Deposits > USD10,000 earn a competitive interest rate

CCM USD 32 Day Notice Deposit

The Investec CCM USD 32 Day Notice Deposit is a US dollar denominated savings account with an interest rate linked to the secured overnight financing rate (SOFR), with an enhanced return commensurate with the term structure of the notice period. 

  • Access to a linked USD interest-bearing call account, providing liquidity
  • Earn a competitive interest rate from first US dollar invested
  • Benefit from enhanced interest rate return aligned with term deposit structure

 

 

Contact us to find out more

Watch the video on what is the FCA and how it works

CCM Online Banking training for the Foreign Currency Account

 The video contains the following training:

  •  USD Call Deposit Account for an existing CCM ZAR client

  • Adding a USD Call Deposit Account for an existing CCM ZAR client

  • Funding a CCM FCA account from a CCM ZAR account using the International – External Payment menu

  • Completing an Online BOP form to fund a USD account

  • Submitting an Online BOP for authorization

  • Online BOP audit trail (Retrieve BOP form, review and download)

  • BOP form for internal transfer

  • Submitting an Online BOP for authorization

  • .Online BOP form submission for authorization

  • Online BOP audit trail (Retrieve BOP form, review and download)


 The video contains the following training:

  •  USD Call Deposit Account for an existing CCM ZAR client

  • Adding a USD Call Deposit Account for an existing CCM ZAR client

  • Funding a CCM FCA account from a CCM ZAR account using the International – External Payment menu

  • Completing an Online BOP form to fund a USD account

  • Submitting an Online BOP for authorization

  • Online BOP audit trail (Retrieve BOP form, review and download)

  • BOP form for internal transfer

  • Submitting an Online BOP for authorization

  • .Online BOP form submission for authorization

  • Online BOP audit trail (Retrieve BOP form, review and download)