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GlobalCurrency
SM
The latitude to diversify your cash across the world’s major currencies.
In today’s global marketplace, opportunities regularly span national boundaries and employ multiple
currencies. GlobalCurrency can make diversifying cash convenient and easy. It enables you to buy,
hold and sell many of the world’s major currencies, all from your brokerage account.1 Meet existing
foreign currency needs and seize new opportunities as they arise — with GlobalCurrency.
GlobalCurrency Features
GlobalCurrency Benefits
A variety of eligible currencies: GlobalCurrency Deposits
Cash diversification: Gain currency exposure and diversify your
are held at Morgan Stanley Private Bank, National Association,
member FDIC and are available in the following currencies:
• Australian Dollar
• British Pound Sterling
• Canadian Dollar
• Czech Koruna
• Danish Krone
• Euro
• Hong Kong Dollar
• Israeli New Shekel
• Japanese Yen
• Mexican Peso
• New Zealand Dollar
• Norwegian Krone
• Offshore Chinese Renminbi
• Singapore Dollar
• South African Rand
• Swedish Krona
• Swiss Franc
Flexibility based on your time horizoN: Available as
either Savings Deposits or Time Deposits (e.g., 1-, 3-, 6- and
12-month durations).2
A variety of interest rates available: Rates vary by deposit
size and currency. Rates for Time Deposits are fixed for the deposit
term while Savings Deposit rates are variable and subject to change.2
The safety of FDIC: GlobalCurrency deposits at Morgan Stanley
Private Bank, National Association are insured up to U.S. Dollar
equivalent limits.3
cash holdings across many of the world’s major currencies.
Competitive interest rates: A deposit solution that may allow
you to earn interest in the currency you hold.2
Cash management capability: Foreign currency wire service
provides you the ability to send and receive currencies for overseas
interests and business needs.4
Fully integrated client reporting: Deposit activity, rates and
balances are reflected on your monthly client statement and are
available online through MS Online .
SM
GlobalCurrency ExpressSM: Have the foreign currency you need
for your next trip abroad delivered to your doorstep before you leave.5
Foreign Currency Check Deposit: Deposit foreign currency
checks directly into a GlobalCurrency Savings Deposit.6
GlobalCurrency may benefit several types of Morgan Stanley
wealth management clients who:
• are looking to diversify their cash portfolio;
• have overseas financial assets / interests; and / or
• need foreign currency wire capabilities4
To learn more about GlobalCurrency and to find current rates, visit www.morganstanley.com/globalcurrency.
For additional information, please contact your Morgan Stanley Financial Advisor.
Foreign Exchange Risk Considerations
Before undertaking foreign exchange transactions, clients should understand the associated risks. Engaging in foreign currency transactions entails more varied
risks than normally associated with transactions in the domestic securities markets. Attention should be paid to market, credit, sovereign and liquidity risks. The
foreign exchange transactions and deposits discussed in this material may not be suitable for all clients. The appropriateness of a particular investment or strategy
depends upon a client's particular circumstances and objectives. This material does not provide individually tailored investment advice. Clients can review the
GlobalCurrency Disclosure Statement at www.morganstanley.com/globalcurrency for more details.
1
Eligible brokerage accounts include Active Assets Accounts SM (“AAAs”), Business AAAs, Basic Securities Accounts (“BSAs”), Business BSAs and
BusinesScapeSM Accounts.
2
Based on market conditions, Savings Deposits in some currencies may pay no interest. Morgan Stanley Smith Barney LLC will charge a client a markup for
converting USD in the client’s brokerage account or foreign currency in a Savings Deposit to another currency, which will reduce the client’s net earnings.
The markup is the difference or “spread” between the price we pay for a currency and the price at which we sell the currency to a client. Please refer to
www.morganstanley.com/globalcurrency for full availability. Incoming and outgoing wire capabilities (and account to account journals) are not available for
Individual Retirement Accounts ("IRAs") and Coverdell Education Savings Accounts ("CESAs"). Please note that not all currencies are available via Time Deposits.
3
FDIC insurance does not protect against losses due to exchange rate movements. For more information about FDIC insurance, please visit the FDIC website
at www.fdic.gov.
4
A fee of $50 will apply to outgoing foreign currency wires. Funds cannot be wired out of or into a U.S. Dollar Savings Deposit. Funds for these deposits
must be transferred via your underlying brokerage account.
5
GlobalCurrency Express is not available for all foreign currencies. Only the Euro, British Pound, Canadian Dollar, Swiss Franc, Japanese Yen and Australian
Dollar can be funded in local currency or U.S. Dollars (“USD”) from a client’s brokerage account. All other foreign currencies must be funded in USD from a
client’s brokerage account. To place an order for GlobalCurrency Express, clients can call the client service center at 800-869-3326 between 8:00 a.m. and
2:00 p.m. ET Monday through Friday. Minimum order $250 U.S. Dollar equivalent; maximum order is $5,000 U.S. Dollar equivalent per individual client, per
24-hour period. No more than two orders may be placed in a 7 calendar day period. Once submitted, GlobalCurrency Express orders cannot be cancelled
or returned. Any unused physical foreign currency delivered to the client pursuant to a GlobalCurrency Express order cannot be returned for deposit.
Additional eligibility restrictions and conditions apply.
6
Third-party bank fees may apply and will be withdrawn from check proceeds. Eligibility restrictions and conditions apply. Please refer to www.morganstanley.
com/globalcurrency to review the terms and conditions. Currently, check deposit of the Offshore Chinese Renminbi is not available.
Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC. Morgan Stanley Smith Barney LLC is a registered Broker/Dealer
and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering
certain banking related products and services. Investment services are offered through Morgan Stanley Smith Barney LLC. Unless specifically disclosed in
writing, investments and services offered through Morgan Stanley Smith Barney LLC are not insured by the FDIC, are not deposits or other obligations
of, or guaranteed by, a bank and involve investment risks, including possible loss of principal amount invested.
Morgan Stanley Private Bank, National Association is a Member FDIC and is primarily regulated by the Office of the Comptroller of the Currency.
© 2014 Morgan Stanley Smith Barney LLC.
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