Our foreign currency exchange services are split into the following offerings:
Spot Foreign Exchange
FX Spot is an agreement between two parties to buy or sell a currency against another at an agreed exchange rate for a settlement of up to 2 working days (Today +2).
Foreign Exchange Forwards
FX Forward is a firm agreement between two parties to buy or sell a currency against another at an agreed exchange rate for an agreed future date.
Foreign Exchange Swaps
FX Swap is a simultaneous purchase and sale of identical amounts of one currency for another with two different value dates – spot to forward.
Options
A contract between two parties that conveys to the owner a right, but not an obligation to buy or sell a currency at a specific price within a specified time period for a premium.
Call Option: An Option that grants the holder the right, but not the obligation to buy the underlying currency at a specific price by a predetermined time.
Put Option: An Option that grants the holder the right, but not the obligation to sell the underlying currency at a specific price by a predetermined time.
Bespoke Derivative Strategy
A tailor-made derivative product to help customers hedge their foreign currency requirements.
Non-Deliverable Forwards
NDF is a forward contract where one of the currencies is non-convertible. It is settled at maturity for the difference between the NDF exchange rate and the prevailing spot rate on an agreed notional amount.
