Spot FX: fast and transparent currency exchange
A Spot FX transaction allows for the direct exchange of one currency for another at an agreed exchange rate. These are typically settled two business days after the transaction is agreed.
Need to settle sooner? For some of our currencies you can request:
- Same-day settlement
- Next-day settlement
FX Forward: lock in future exchange rates with certainty
An FX Forward allows you to exchange one currency for another at a pre-agreed exchange rate, for settlement on a future date. This gives you price certainty and helps protect your business from adverse currency movements.
Key features:
- Rate certainty
You agree the exchange rate today, so you know exactly what you’ll pay or receive on the settlement date. - No benefit from favourable movements
While you’re protected from negative rate changes, you won’t benefit if the market moves in your favour. - Forward points
The agreed rate includes an adjustment (forward points), reflecting the interest rate differential between the two currencies over a specific period, which may be added to or deducted from the current spot rate. - Early termination
If you need to cancel the contract before maturity, you may incur a break cost depending on the prevailing spot rate at the time.
Our Key Information Documents provide details on the products we offer to help you better understand and compare the key features, risks, rewards, and costs.
FX Time Option Forward: flexibility with rate certainty
An FX Time Option Forward allows you to exchange one currency for another at a pre-agreed exchange rate, with the flexibility to settle the transaction at any time within a pre-agreed date range.
- Flexible settlement window
Choose when to settle within the agreed time period, giving you more control over your cash flow. - Rate certainty
You agree the exchange rate today, so you know exactly what you’ll pay or receive on the settlement date. - Forward points
The agreed rate includes an adjustment (forward points), reflecting the interest rate differential between the two currencies over a specific period, which may be added to or deducted from the current spot rate. - No benefit from favourable movements
While you’re protected from negative rate changes, you won’t benefit if the market moves in your favour. - Early termination
If you need to cancel the contract before maturity, you may incur a break cost depending on the prevailing spot rate at the time.
Our Key Information Documents provide details on the products we offer to help you better understand and compare the key features, risks, rewards, and costs.
FX Swap: manage short-term currency needs with flexibility
An FX Swap is a way to temporarily exchange one currency for another.
It involves two steps agreed at the same time:
- You exchange currency A for currency B at a pre-agreed rate on an agreed date.
- At a future date, you swap the currencies back at a pre-agreed rate.
This can help you manage short-term currency needs and protect against exchange rate changes.
Key features:
- Two-part transaction
One exchange now, one re-exchange later. - Rate certainty
The exchange rate is locked in from the start, protecting you from adverse currency movements and includes forward points (an adjustment reflecting the interest rate differential between the two currencies over a specific period, which may be added to or deducted from the current spot rate). - No benefit from favourable movements
You’re protected from adverse rate changes but won’t gain if the market moves in your favour. - Early termination
If you need to cancel the contract before maturity, you may incur a break cost depending on the prevailing spot rate at the time.
Our Key Information Documents provide details on the products we offer to help you better understand and compare the key features, risks, rewards, and costs.
