Treasury

Key Facts

Spot Foreign Exchange

A spot deal is an agreement between us and our customer for the sale/purchase of a specific amount of foreign currency at a specified exchange rate for delivery in two working days.

Spot deals offer a wide range of benefits including the following:

  • Deals can be booked in any two of 14 currencies
  • With no minimum deal value, your business has the flexibility to exchange as little foreign currency as required
  • No separate commission fees. The cost of the deal is determined by the exchange rate applicable to that transaction

Forward Foreign Exchange

A forward exchange contract rate is based on the prevailing spot rate plus (or minus) a premium (or discount) which is determined by the interest rate differential between the two currencies involved.

Forward foreign exchange offers a wide range of benefits including the following:

  • A simple way to manage foreign exchange risk.
  • Forward foreign exchange contracts give customers the ability to fix a future currency exchange at a fixed rate

Money Market Deposit

These are term deposits that financial institutions offer investors on a fixed interest and tenor basis.

To find out more about Money Market Deposits, kindly get in touch with our Liquidity Management team

For more information on treasury products and services call 758280-9