Foreign Exchange
Foreign exchange rate
movements can be difficult to predict, but the rules and methods of managing
and hedging remain quite simple. Our advisors can help you to identify
market risks specific to your business environment, and develop strategies
and solutions that are consistent with your financial focus and risk objectives.
We offer you the following range of products and services to fit your
needs.
- Spot Foreign Exchange
- Forward Contracts
- Forward Window Contracts
- Over-The-Counter Options
- Foreign Exchange Swaps
- Foreign Currency Deposit
- Margin Trading
Our experienced foreign
exchange traders provide you with competitive foreign exchange rates for
settlement in just one or two business days.
By locking foreign exchange
rates for future delivery, we can help eliminate currency uncertainties.
Forward window contracts
are suitable for forward transactions where the exact date of payment
or receipt of funds is uncertain.
Useful for hedging uncertain
exposures, our over-the-counter options provide you with the right to
buy or sell currency at a predetermined exchange rate, with the cost limited
only to an upfront premium.
By buying and selling
a given currency simultaneously, the time difference
between cash flow can be easily matched without resorting to borrowing
and the incurring of subsequent exchange risk.
We can help you invest
your foreign currency in the international deposit market, with maturities
ranging from one month to one year.
Customer can buy or sell foreign exchange in major currencies against a pre-arranged collateral
security deposit.
The customer will be given access to Margin Trading on a 24-hour day basis.
Special arrangements will be made on public holidays to ensure 24-hour
coverage.
Multi-Yield Curve Analysis
The
non-deposit treasury products offered by Far East National Bank are:
- Not FDIC insured
- Not guaranteed by any bank
- May lose value
*Foreign Currency Time Deposits are insured by the FDIC against bank failure for up to the permissible limits. The amount of FDIC insurance for Foreign Currency Time Deposits shall be determined and paid in the amount of U.S. Dollars that is equivalent in value to the amount of foreign currency as of the date of closure. FDIC insurance does not cover losses due to market fluctuations and changes in currency prices. There are substantial risks and volatility involved in investing in currency markets. The fluctuations in exchange rates of foreign currencies may reduce principal. These risks are the sole responsibility of the account holder and not the Bank. Please consult your investment and tax advisors prior to investing.
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