Foreign Currency Products
Products include - spot and forward exchange contracts, foreign currency deposits and foreign currency options.
Suncorp Treasury Services can:
- provide the foreign currency for your specific need
- provide protection against future fluctuations in foreign currency so you can plan your cashflows more accurately
- help you benefit from favourable movements in foreign currency exchange rates.
| Product |
Description |
| Foreign Currency Deposit Accounts |
An account holding foreign currency funds at call or on fixed term deposit.
For more information please read the Treasury Foreign Currency Deposit Accounts brochure.
Click here for a current Standard Settlement Instructions list. |
| Spot contracts |
An agreement to buy or sell foreign currency that is settled within 2 business days of the deal. |
| Forward Exchange Contracts (FEC) |
A Forward Exchange Contract (FEC) is a binding agreement between two parties to exchange one currency for another on an agreed date (but not Value Spot) at an agreed rate. |
| Foreign Currency Options |
This gives the buyer the right (but no obligation) to exchange one currency for another at an agreed rate (the strike rate) on an agreed date (the expiry date). The buyer pays a premium for this right. The premium amount depends on the details of the Foreign Exchange Currency Option. |
Product Disclosure Statement
Foreign Exchange Products are issued by Suncorp-Metway Ltd ABN 66 010 831 722. Please read the relevant Product Disclosure Statement or Product Features Booklet before you make any decisions regarding any of these products. Contact us for a copy.
