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.