Green Deposit
MUFG Bank, Ltd. (hereinafter referred to as “MUFG Bank”) launched Green Deposit on April 11, 2022.
Green Deposit is a foreign currency time deposit that are procured only for the purpose of funding projects that contribute to improvement of environmental issues.
By using the funds from the Green Deposit to finance environmentally beneficial projects, we MUFG Bank would like to respond to the needs of customers who have a strong interest in ESG area. Providing Green Deposit is a part of MUFG's activities to contribute to the realization of a sustainable environment and society.
Green Deposit is a foreign currency time deposit that are procured only for the purpose of funding projects that contribute to improvement of environmental issues.
By using the funds from the Green Deposit to finance environmentally beneficial projects, we MUFG Bank would like to respond to the needs of customers who have a strong interest in ESG area. Providing Green Deposit is a part of MUFG's activities to contribute to the realization of a sustainable environment and society.
To learn more about MUFG's sustainability initiatives, please visit the following link:
MUFG Green Deposit Framework
MUFG Bank has established the MUFG Green Deposit Framework ("the Framework") in cooperation with Sustainalytics (*), a third-party evaluation organization. Funds from the Green Deposit will be allocated to finance assets based on the Framework.
The Framework will continue to be updated as necessary in light of changes in the environment, market trends, and regulations surrounding ESG.
The Framework will continue to be updated as necessary in light of changes in the environment, market trends, and regulations surrounding ESG.
(*) Sustainalytics
A member of the Morningstar Group in the United States. Currently headquartered in the Netherlands, it is an independent research company that provides information on a global basis to ESG research analysis and institutional investors and financial institutions.
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Summary (in Japan)
| Customers | Corporate Customers and Retail Customers |
|---|---|
| Currency | USD |
| Product | Foreign currency time deposit |
| Deposit Amount | USD1 million or more but less than or equal to USD25 million |
For more details, please contact the Bank counters.
Attention
Please note the following points when applying for foreign currency deposits.
- Foreign deposit is excluded from deposit insurance system of Japan.
- Due to fluctuation of foreign exchange rate, the actual yen equivalent amount in foreign currency could be smaller than the original amount in JPY at the time of foreign currency deposit contract (i.e. There could be foreign exchange loss of principal on a JPY basis.).
- The withdrawn yen amount could be less than the deposited yen amount even if there is no fluctuation in the exchange rate due to the foreign exchange commission upon conducting the exchange.
- Emerging currencies carry greater risks (such as country risks) than the currency of developed countries. In the event of liquidity depreciation, market functioning, and significant exchange fluctuations may cause immediate suspension of the service.
- Please see the latest explanation material (説明書) before applying.
- For the customers in Japan, please see the latest explanation material (説明書) for detail infomation. Explanation Material is available at the Bank counters.
- For interest rate of foreign currency time deposit, please visit List of Deposit Interenst (金利一覧) (Japanese text only)on MUFG Bank website.
- Please contact the Bank counters before applying for this deposit. We would like to explain regarding to Foreign Currency Deposit and Green Deposit.
- If the total amount of the Green Deposit reaches a certain amount, new applications of Green Deposit may be temporary suspended.
- The assets to allocate Green Deposits will be selected by MUFG from among the existing assets based on the Green Deposit Framework.
- Entries in passbooks are the same as existing foreign currency time deposits.
MUFG Bank, Ltd.
(As of April 11, 2022)