Companies that receive proceeds in foreign currency on a frequent basis are allowed to maintain accounts in the denomination of their proceeds. This gives the customers a natural hedge against the volatility of the local currency as they are at liberty to liquidate their foreign balances at their discretion.

Corporate customers under this category can open their FCDAs in the
following denominations;

*         United States Dollars

*         South African Rand

*         Pound Sterling

*         Euro

As an Authorized Dealer Bank, MSB follows all exchange control
regulations in regard to maintenance of these accounts.