the right, but not the obligation, to buy the underlying currency at a fixed exchange rate on a predetermined future date. Saturday: 08h30 12h00, sundays: Closed, last business day of the month 08h30 16h00. Extension (or rollover) swaps are used to extend the maturity date of an existing FEC to a later date. Call me back, overview, businesses that trade internationally are likely to be exposed to foreign exchange risk arising from volatility in the currency markets. Capitec Bank, FNB - Branch, Standard Bank - Branch, Master Currency, Bidvest Bank Rennies Foreign Exchange, American Express, absa - Branch, Old Mutual, African Bank, previous page. There are two main types of option contracts, namely call options and put options, and these can be used in various combinations to provide structured solutions to meet a clients hedging requirements.
Nedbank has a team of foreign exchange specialists to provide all the practical support and advice to make managing currency risk simple and cost-effective. Visit Our Website, visit Site, return back, trading hours. Designed Developed by FGX Studios. With a put option the buyer has the right, but not the obligation, to sell the underlying currency at a fixed exchange rate on a predetermined future date. Financial markets information and advice Pertinent data and astute perspectives on the foreign exchange markets are also provided to our clients. Same-day and next-day value deals Where urgent currency payments or receipts need to be processed, one-day value or even same-day value exchange rates may be provided, depending on the currency cutoff times. Store Information, banking and Financial Services, store Contact Details. Nedbank has a team of foreign exchange specialists who can provide all the practical support and discerning advice to make managing currency risk simple and cost-effective.
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Swaps A swap is the simultaneous purchase and sale of identical amounts of one foreign currency for another, but on two different value dates, either spot against a forward date, or one forward date against another forward date. Mondays: 08h30 - 16h00, tuesday Thursday: 09h00 - 16h00, fridays: 08h30 16h00. Contact Person, verreutie, email Address, click to Send Email, telephone Number (021) 917 4960. We provide the following key services: Spot cover This refers to foreign exchange transactions where one currency is bought or sold against payment in another currency, at a specified rate, with settlement taking place two business days later. Your Feedback Matters, please take a moment to give us your suggestions. Whereas the parties to a FEC are locked-in to a future transaction in a forward contract, the buyer of an option contract has the right, but not the obligation, to buy or sell a fixed amount of currency at a fixed exchange rate. Currency orders, stop-loss orders, call-levels We provide 24-hour monitoring and execution of currency orders, stop-loss orders or call levels on behalf of clients. A fully optional FEC can be used at any time between the date of establishing the FEC and the specified maturity date.