Foreign Exchange Products
- FX Spot: a deals in which you agree to exchange the amount at an agreed exchange rate for settlement in 2 business days. Spot rates can be adjusted to provide for transactions taking place today or tomorrow, also known as “Value Today” or “Value Tomorrow”.
- FX Forward: a deals in which you agree to exchange the amount at an agreed exchange rate for settlement after 2 business days. Exporter, importer or any client with FX obligation can manage foreign exchange risk by fixing the exchange rate using this forward contract.
- FX Swap: a pair of currency transactions, one for purchase and one for sale, for two different value dates, one of which is spot, to hedge your foreign exchange exposures in both value dates.