Foreign Currency Services
This is a Treasury division product which deals with specialized products/instruments in the Foreign Currency Markets.
Spot Rates: We trade in all major currencies and offer some of the most competitive rates in the market. Our opening and closing rates are available in our daily market commentary.
Forward Contracts: Through this product, we enable our customers with known foreign currency inflows or outflows to hedge against currency fluctuations thereby enabling them to plan better on revenue and cost.
Swap Contracts: Swaps allow our customers to manage the exchange and interest rate risks associated with financing and investing in other currencies. Swaps are also valuable for long-term hedging of translation risk and also represent an attractive alternative to long-term forward exchange cover.
Engineered Swap: Involve a spot transaction and an offsetting forward transaction in which each of the two transactions is carried out with a different counter party.
Long Term Forward: cover This product allows your business to mitigate foreign exchange risk in situations where you have borrowed foreign currency on a long-term basis.