Dual currency deposit

In finance, a dual currency deposit (DCD, also known as Dual Currency Instrument or Dual Currency Product) is a derivative instrument which combines a money market deposit with a currency option to provide a higher yield than that available for a standard deposit. There is a higher risk than with the latter - the depositor can receive less funds than originally deposited and in a different currency. So one could do a USD/JPY DCD depositing USD and receive JPY.

单词	Dual currency deposit
释义	Dual currency deposit 英语百科 Dual currency deposit In finance, a dual currency deposit (DCD, also known as Dual Currency Instrument or Dual Currency Product) is a derivative instrument which combines a money market deposit with a currency option to provide a higher yield than that available for a standard deposit. There is a higher risk than with the latter - the depositor can receive less funds than originally deposited and in a different currency. So one could do a USD/JPY DCD depositing USD and receive JPY.
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