You have 10,000,000 in Irish pounds which you want to keep in this country. You may want to keep it in Irish pounds or you may want to hold it in another currency. You can get money market rates through us but you are looking for a better return without increasing the risk.
Notes are an attractive alternative to deposits for international firms based here.
These notes were introduced to encourage Irish companies to keep their earnings in Ireland. You can get Section 69 Notes in Irish Pounds, US Dollars, Deutschemarks, ECUs, Sterling, Dutch Guilders, French Francs, Swiss Francs, Austrian Schillings, Canadian Dollars, Spanish Pesetas and in any other currency the NTMA agree to accept. You can invest from 2 days to 1 year. The smallest amount you can invest in Irish Pounds is 100,000 or the same amount in a foreign currency. The solution Your company has 10,000,000 in Irish pounds to deposit for 1 month.