This deposit offers better gains compared to the time deposits or the depository bills; the initial deposit may be paid out on the due date once the predefined market conditions have been met in another, alternative, currency.
Principle
gains of a standard deposit are increased by the gains from the Plain Vanilla option sold
if the decisive exchange rate is reached on the decisive day (normally two business days before the deposit due date) within the currency pair monitored, the deposit will be converted to an alternative currency at a predetermined rate (e.g. CZK to EUR)
Product features
Higher guaranteed gains
Option to convert at a better rate than the one valid at the time of deposit arrangement
Option to convert the principal deposited in another currency (see the selected currency pair) even if the investor wishes to remain primarily with the original currency (or, on the contrary, the conversion does not have to take place despite the "aggressive" setting of the strike price)