Foreign exchange

Foreign exchange transactions where one currency is bought or sold against payment in another currency, at a specified rate, with settlement taking place two business days later

For urgent processing of currency payments or receipts, one-day value or even same-day value exchange rates may be provided, depending on the currency cut-off times

Contractual agreements between the bank and its clients to exchange a specified amount of one foreign currency for another at a predetermined exchange rate on a specified future date

These are FECs with a maturity date longer than 12 months forward

The simultaneous purchase and sale of identical amounts of foreign currency on two different value dates, either spot against a forward date, or one forward date against another forward date

Gives buyers the right, but not the obligation, to buy or sell a fixed amount of currency at a fixed exchange rate on a fixed future date. The holder can choose the better exchange rate, either the prevailing rate in the market at the time, or the price specified in the option contract

An agreement that gives the buyer the right to buy or sell an underlying currency at a fixed exchange rate at a specified date in the future. One party to the agreement agrees to buy the CF contract at a specified exchange rate and the other agrees to sell it at the expiry date

We provide 24-hour monitoring and execution of currency orders, stop-loss orders or call levels on behalf of clients

Pertinent data and astute perspectives on the foreign exchange markets are also provided to our clients