Harness the Earning Potential of Your Liquidity
If you have a global payment coming up, you likely have significant funds sitting in your account yielding little to no interest. We'd like to offer you the potential to generate a return on your money—along with access to our full suite of Monex USA award-winning market insights, FX services, payment products, and risk management solutions.
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Benefits of an EYD Account
- Potential for a higher rate of return than prevailing interest rates or yields
- Flexible maturities for an initial deposit varying from 1 week to 1 year
- Available in several currencies with bank-beating rates
- Market insights from top Bloomberg-ranked currency forecasters
- 2-Person dedicated account team to tailor your payments strategy
All About the EYD
Most Frequently Asked Questions
For a list of all FAQs, view here.
An Enhanced Yield Deposit (“EYD”) is a short-term deposit that clients make in one currency in anticipation of converting to an alternate currency in the near future. The client enters into an agreement to sell the deposit currency at a designated “Strike Price” in exchange for the alternate currency at an agreed-upon date (“Expiration Date”). This agreement gives the buyer the option to purchase the deposit currency in the event the currency is trading In The Money upon expiration. If the currency is trading Out of the Money upon expiration, no conversion will take place. The client earns a premium whether the conversion takes place or not. The EYD is considered a “covered call” transaction because the deposit currency is held as collateral.
No, the client does not pay anything. Just the opposite – the client always earns a premium whether or not the option is exercised. The counterparty (the “buyer” of the option) is the one that pays the premium.
The premium is market-driven and influenced by multiple factors. These factors include the notional amount, currency pair, strike price relative to the initial spot rate, expiration timeframe, and most importantly currency volatility. The premium changes constantly based on market conditions. Your Monex USA expert can advise you on how best to optimize the premium.
The following currencies are available: USD, AUD, CAD, CHF, CZK, DKK, EUR, GBP, JPY, MXN, NOK, NZD, PLN, SEK, SGD, TRY, and ZAR.
No, the deposit currency can be in any of the currencies listed above.
Yes, the minimum deposit amount is equivalent to USD $200,000. There is no maximum amount at this time.
Yes, the minimum deposit amount is equivalent to USD $200,000. There is no maximum amount at this time.
SEE HOW SIMPLE PAYMENTS CAN BE
Book your FX deal in less than five minutes—directly on Monex USA Online or work one-on-one with your personal Monex USA Account Manager. Tell us how much, which currency, and where to send the funds. Get your competitive quote instantly, and then lock in your deal.
Flexibly transact with us via email, online, phone, chat or fax. Simply send us your funds via ACH direct debit, wire transfer, or check by email or fax.
Expect fast, efficient sending of your FX funds using the SWIFT payment network with end-to-end tracking from booking through final delivery.
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