Based on the reference provided, a likely interpretation of "CLD" in a banking context is Currency-linked Deposit.
Here's a breakdown:
A Currency-linked Deposit (CLD) is an unlisted structured investment product involving derivatives. It's important to understand that investment in CLDs involves risks.
- What it is: CLDs are investment products where the return is linked to the performance of one or more currencies.
- Risk: Because they are structured products involving derivatives, they carry investment risk. It is important to fully understand these risks before investing.
- Not Listed: CLDs are unlisted, meaning they are not traded on a public exchange.
