Service

SCBM helping your company minimize potential currency losses, management of foreign exchange rate risk is essential in helping your company manage costs and income effectively and undertake sound financial planning

Product Details

A contract to exchange foreign currency that is due for settlement by the spot date (within two business days after the trade date, i.e., T+2)

Client may choose one of three settlement date options:

  • Value today
  • Value tomorrow
  • Value spot

Advantage

Exchange of most foreign currencies can be done quickly and conveniently

Limitation

Client is exposed to currency market volatility, with a risk of loss