DBS Bank (Hong Kong)has launched its new DBS Online Equity-Linked Investment (DBS Online ELI) and DBS Online Currency-Linked Investment (DBS Online CLI) services, allowing investors to access a range of structured products, including equities and currencies directly through their DBS digibank HK app or DBS iBanking.
Belinda Hsieh, head of treasures investment product & advisory, consumer banking group & wealth management, DBS Hong Kong, said: “Our new online ELI and CLI services aim to deliver a seamless investment experience, enabling our clients to manage their investments and capitalise on market opportunities with greater flexibility and control.”
The DBS Online ELI service offers a selection of equity linked investments connected to Hong Kong and US stocks, including single stock, or exchange-traded funds (ETF), or baskets of specific stocks ETFs.
The key features include allowing clients to place orders beyond normal branch hours, flexible investment periods from one to 11 months with some ELIs having a callable feature, a knock-in feature (applicable to some ELIs) to soften negative market impacts and the availability of denominations in 11 major currencies including HKD, RMB, USD, AUD and EUR.
For ELIs linked to US stocks, online service hours will be available from Hong Kong Time (HKT) 9am till HKT 7pm on US trading days. For ELIs linked to Hong Kong stocks, online service hours will be from HKT 9am till HKT 3:45pm on HK trading days.
The DBS Online CLI service let clients capture foreign exchange market movements and earn potential higher interest returns. Clients can start investing with $10,000 or its equivalent, with flexible investment periods ranging from one week to six months. It is also available in 11 major currencies including HKD, USD, AUD, NZD and CAD.
Both the DBS Online ELI and CLI services are now accessible through the DBS digibank HK app and DBS iBanking.
