COMPANY PROFILE

Important: Local Deposit Rate Adjustment for Malaysia Region

23 January 2017, Monday

Dear Clients,

This is to inform that effective from 1st February 2017 onwards, the Deposit rate for Malaysian Local Deposit will be increased to RM4.4 per USD.

For Withdrawal, 3 Scenarios may occur (withdrawal rate is always fix with the deposit rate that you made)

[1] Account that initially had Zero balance and had make deposit with new rate eventually withdraw with the rate of RM4.2 per USD

[2] Account with balance but never make deposit with new rate will be paid at the previous withdraw rate of RM3.8 per USD if the deposit was made on RM4 per USD or RM3.3 per USD if the deposit was made on RM3.5 per USD

[3] Account with balance and make deposit with the new rate will be paid as the following: the balance before the new deposit will be paid RM3.8 per USD (If deposit by RM4) or RM3.3 per USD (if deposit by RM3.5 previously) and the balance or profit after the new deposit will be paid RM4.2 per USD (new deposit amount shall not less than 50% of the remaining balance)

    • Example 1: A initially has a balance of 1000USD and he now make a new deposit of 1000USD (New Rate) and made profit of 500USD along with it. In case of full withdrawal of this 2500USD, the first 1000USD will be paid as RM3.8 or RM3.3 and the remaining balance and future will be paid as RM4.2. In the case of partial withdrawal, the old rate balance will be the priority to be paid off until no leftover.
    • Example 2:B initially has a balance of 1000USD and he now make a new deposit of 1000USD (New Rate) but loss 500USD along with it. The full withdrawal of this 1500USD, the first 1000USD will be paid as RM3.8 or RM3.3 and the balance and future as RM4.2. In the case of partial withdrawal, the old rate balance will be the priority to be paid off until no leftover.
    • Example 3: C initially has a balance of 1000USD and he now make a new deposit of 10USD (New Rate) and made profit of 500USD along with it. In this case, all the withdrawal will still be paid as RM3.8 or RM3.3 as the new deposit is treated as a trick to boost the rate

Clients are advised to clear the old balance before making the new deposit to avoid the complicated scenario [3]

We would like to apologise for any inconvenience caused and thank you for your continuous support until our 7th Anniversary

Best Regards