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To: XBrit who wrote (13322)	8/23/2000 8:16:10 PM
From: Oblomov	Read Replies (1) \| Respond to of 436258

First Union has a similar product. One must have a net worth of at least $500K, and must deposit a minimum of $100K in their foreign currency MM account. There are a lot of banks in Liechtenstein, Luxembourg, Hong Kong, Switzerland, Austria, and Hungary that cater to foreign savers (particularly Americans). At some of these banks, the minimum initial deposit is as low as $3K. One can even buy a foreign currency CD on 25% margin at some of them. This is not as much leverage as one might gain doing spot currency trading (for which I would recommend Forex Money Garden... margin requirements there are as low as 1/2 %... that is not a typo). Nonetheless, I am told that some of these banks provide excellent customer service. I'll see if I can dig up a list tonight. BTW, the former Mercantile Bank (a long time ago, it was Mark Twain Bank) used to offer foreign currency accounts with min. initial deposits of $2500. However, Mercantile was bought out by Firstar, which apparently didn't find much profit in the business...