These are accounts that are maintained in Foreign Currencies including USD, GBP, EUR, ZAR, DKK and any other tradable currencies. These are mainly tailored for SMEs that receive foreign funds from abroad, with deposits normally being made into these accounts by Telegraphic Transfers. Malawians in the Diaspora are allowed to make cash deposits. FCDA holders other than exporters are allowed to retain 100 % of their Forex receipts in the FCDA and convert the cash when the need arises. Exporters are permitted to retain 80% of export proceeds as determined by current regulations. Customers can open either Resident or Non Resident FCDAs.