The UN refugee agency has teamed up with Société Générale Corporate & Investment Banking based in Zurich and derilab s.a., a Swiss derivatives company, to launch an investment scheme to help raise funds for UNHCR’s earthquake relief operation in Pakistan.
The scheme, the Kashmir Relief Note, allows investors to participate in a unique financial product which supports UNHCR’s reconstruction and relief effort in Pakistan-administered Kashmir. The region was hit by a devastating earthquake on 8 October 2005. Additionally, with the investments based in Asia, for the first time Kashmir Relief Note enables investors to support a humanitarian emergency taking place in the same region.
At inception, two percent of the investment is automatically donated to UNHCR’s earthquake relief operations. This means that for the relatively small minimum investment of US$10,000, the UN refugee agency will receive $200, which is enough to buy two tents for two families of five.
The rest is invested through a basket of funds in the Indian subcontinent. At maturity, the investor will receive 100% of his invested capital and participate in the positive performance of the underlying basket.