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| The latitude to diversify your cash across the world’s major currencies |
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In today’s global marketplace, opportunities regularly span national boundaries and employ multiple currencies. GlobalCurrency makes diversifying cash in your Morgan Stanley Smith Barney account convenient and easy. GlobalCurrency enables you to buy, hold and sell many of the world’s major currencies from the convenience of your Brokerage Account.1
GlobalCurrency features:
A variety of eligible currencies—GlobalCurrency Deposits are held at Morgan Stanley Bank, N.A., member FDIC, and are available in the following currencies:
- Euro
- Swiss Franc
- British Pound Sterling
- Canadian Dollar
- Hong Kong Dollar
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- Singapore Dollar
- Japanese Yen
- Australian Dollar
- New Zealand Dollar
- U.S. Dollar2
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Flexibility based on your time horizon -- Available as either Savings Deposits or Time Deposits (e.g., 1-, 3-, 6- and 12-month durations).
A variety of interest rates available -- Rates vary by deposit size and currency. Rates for Time Deposits are fixed for the deposit term while Saving Deposit rates are variable.3
The safety of FDIC -- GlobalCurrency deposits at Morgan Stanley Bank, N.A. are insured up to U.S. Dollar equivalent limits.4
Low deposit minimums -- Open with as little as a $5,000 U.S. Dollar equivalent deposit.
For additional information, please contact your Morgan Stanley Smith Barney Financial Advisor.
Foreign Exchange Risk Considerations
Before undertaking foreign exchange transactions you should understand the associated risks. Engaging in foreign currency transactions entails more varied risks than normally associated with transactions in the domestic securities markets. Attention should be paid to market, credit, sovereign and liquidity risks. Review the GlobalCurrency Disclosure Statement at www.morganstanley.com/globalcurrency and speak with your Financial Advisor for more details.
1 Eligible brokerage accounts include Active Assets Accounts SM (“AAAs”), Business AAAs, Basic Securities Accounts (“BSAs”), Business BSAs, Individual Retirement Accounts (“IRAs”), Coverdell Education Savings Accounts (“CESAs”) and BusinesScapeSM Accounts.
2 Available for Savings Deposits only.
3 Your Morgan Stanley Smith Barney Financial Advisor may charge you a commission to make deposits and withdrawals which will reduce your net earnings on a Deposit. Based on market conditions, Savings Deposits in some currencies may earn no interest.
4 FDIC insurance does not protect against losses due to exchange rate movements. For more information about FDIC insurance, please visit the FDIC website at www.fdic.gov.
GlobalCurrency deposits are held at Morgan Stanley Bank, N.A. (the “Bank”). Morgan Stanley Smith Barney LLC (“Morgan Stanley Smith Barney”) and the Bank, member FDIC, are affiliates. Morgan Stanley Smith Barney is a registered broker-dealer, not a bank. Unless specifically disclosed in writing, investments and services offered through Morgan Stanley Smith Barney are not insured by the FDIC, are not deposits or other obligations of, or guaranteed by, the Bank and involve investment risks, including possible loss of principal amount invested.
