| Features of the "Elite" Dollar Certificate | |
| Currency | US Dollar |
| Tenor | 3 years, starting from the following working day of purchase date |
| Renewal | Not Renewable |
| Certificate Denomination | USD 1000 and multiples |
| Eligibility | Individuals, Egyptians, or foreigners |
|
Yield Type |
Fixed Return |
| Annual Interest Rate | 5.5% paid in US dollars
|
|
Payment Frequency |
Quarterly |
|
Redemption Conditions |
The value of the certificate can not be redeemed before 6 months from the following working day of purchase date. After that period, redemption can be made in US Dollars, provided that the return is recalculated according to the following redemption rates:
Interest is not calculated for fractions of the month |
|
Certificate Type |
The certificate is nominal and may not be traded, endorsed, transferred, discounted, mortgaged, or disposed of in any form of transfer of ownership except in favor of Banque Misr. |
|
Lending |
Eligible for Lending in Egyptian pounds against the guarantee of the certificate in accordance with the instructions in force and the interest rates on the date of lending as follows:
Maximum client-level financing: EGP 10M |
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Note:
· Interest will be credited to customer account according to the CD interest disbursement periodicity
· Customer can redeem CD value after six months from CD issuance date by sending a request to e-mail BM_CDassistance@banquemisr.com, and disburse CD value to USD account from through which the CD was issued, after deducting redemption value
· At the CD maturity date, value of CD will be automatically disbursed to the customer USD account.
· In order for customer to be able to deal normally on his/her account (withdrawal or transfer from the account) created through the bank’s website, the original documents must be delivered to (the correspondent abroad/branch)
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