The world's local bank
You are here:
You are not logged on.
Swap
Product Overview
Foreign Exchange Swaps are generally used by companies with payables and receivables in the same currency, but with different due dates. A foreign exchange swap can be used to eliminate potential exchange losses resulting from adverse exchange rate movements.
Product Benefits
- Swap protects customer against exchange rate risk
- Cash flow liquidity increased
- Good planning tool as cash flows mismatches are identified up front
Product Benefits
- Foreign exchange credit line required
- Major foreign currencies are available
- Spot and forward foreign exchange transactions are performed for the same amount of the deal
- Spot rate and forward rate quoted for each deal. Both the buy rate and the sell rate are based on the same spot rate
Tip : Foreign exchange rates may fluctuate anytime by any amount
