5 December 2016
In light of the recent strategy to broaden and deepen the Malaysian financial markets, by the Financial Markets Committee, in collaboration with Bank Negara Malaysia (BNM) on 2 December 2016, HSBC would like to inform you of the changes and potential impact in the way you transact with HSBC effective 5 December 2016.
Customers must read the guidance issued by the Financial Markets Committee and Bank Negara Malaysia to understand the implications for themselves. Details of the announcement can also be found in the statement and FAQs issued by BNM and is available on BNM’s website.
Please find the URL links below:
Actions that will be implemented by HSBC in light of its understanding of the announcement are as follows:
Trade Foreign Currency Account (FCA)
Investment Foreign Currency Account (FCA)
New Local Currency Account
If you do not wish to proceed with these additional Investment FCA and SDF account/s being opened by the bank kindly contact your Relationship Manager.
Please also take note that there may be instances where HSBC may be required to make additional queries on your transactions for clarity. We will reach out to you in due course if needed.
In the interim, we would request you to please take note of the following:
Should you have further enquiries or need additional information please contact your respective client servicing contact for Trade, Cash Management and Treasury Sales, and/ or your Relationship Manager.
Alternatively, if you have any additional enquiries on the above, please feel free to contact Bank Negara Malaysia: 03-2698 6089, 03-2692 8736, 03-2691 6473, 03-2691 3164 or 03-2693 0772 (Monday to Friday from 9 a.m. to 5 p.m.; Saturday and Sunday from 9 a.m. to 1 p.m.) or email firstname.lastname@example.org.