The rate at which yen is converted into foreign currency (TTS rate) and vice-versa (TTB rate) each includes a foreign exchange commission set by SMBC Trust Bank.

There is no risk of a loss of principal in the deposited foreign currency, but the Yen-equivalent value of the deposited foreign currency amount may rise and fall due to FX fluctuations (foreign currency risk).

With regard to currency exchange, deposits, withdrawals, etc., such transactions may be restricted due to changes in regulations, etc.įurthermore, emerging-market currencies carry the risk of a high level of fluctuations in foreign currency rates due to the economic and political situation of countries which issue the currencies.īefore transacting in emerging-market currencies, please be sure that you understand that transactions in these currencies have a relatively higher risk compared to transactions in the currencies of developed countries. have higher risk than currencies of developed countries.

Particularly, emerging-market currencies such as South African Rand (ZAR), Chinese Yuan (CNY), Turkish Lira (TRY), Mexican Peso (MXN), etc.

Certain transactions may also be restricted, such as a restriction on the withdrawal of deposits.

Deposits in foreign currencies have country risks such as fluctuations in foreign currency rates, decreased liquidity, and the possibility for dysfunction in foreign exchange markets caused by changes in economic and political situations, as well as changes in regulations, etc.

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