ETFCentral
US Dollar Custodian Certificates
Summary
Issuer
FirstRand
Short Code
DCCUSD
Launch Date
24 January 2017
Index Tracked
N/A
Exposure
Local/Offshore
Offshore
Asset Class
Bonds
Cost
TER
N/A
Smart Beta
Smart Beta
No
Smart Beta Type
N/A
Dividends
Distribution Dates
May, Nov
Last Dividend Payout
10 June 2019
Next Dividend Payout
TBC
Detailed Description
RMB offers clients South Africa’s first US Treasury bond custodial certificates. This investment, listed on the JSE in the ETF sector, is suitable for businesses and private individuals. Think of it as an online safety deposit box for US Treasury bonds. Clients can invest their excess cash in US dollars, earn an income stream in US dollars and benefit from a weakening rand all via the JSE.
Our clients’ investment capital credit exposure is directly linked to the US Treasury Department — therefore, they can avoid the credit risk associated with a normal foreign currency bank account. Businesses and individuals may invest without SARB exchange control restrictions, enabling excess cash to be invested in a highly liquid USD asset. The DCCs are liquid and freely traded, making them an ideal working capital solution. Clients’ investment performance is directly related to the USD/ZAR exchange rate and the price performance of US Treasury bonds
Our clients’ investment capital credit exposure is directly linked to the US Treasury Department — therefore, they can avoid the credit risk associated with a normal foreign currency bank account. Businesses and individuals may invest without SARB exchange control restrictions, enabling excess cash to be invested in a highly liquid USD asset. The DCCs are liquid and freely traded, making them an ideal working capital solution. Clients’ investment performance is directly related to the USD/ZAR exchange rate and the price performance of US Treasury bonds