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News & Blog Foreign
Exchange
Deals
Spot FX deals
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Individual exchange rates for transactions above EUR 5,000 (or equivalent in another currency) -
FX deals available on business days from 09:00 to 18:00
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Option to place a conversion order, allowing the bank to execute the exchange when the target rate is reached
The exchange is executed on the same day (spot) or on T+1 / T+2, according to the agreed settlement date at the time of the transaction.
Forward
FX deals
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Free of charge
Lock in an exchange rate today to buy or sell a specific currency at a future date, from T+3 business days up to 1 year, at a pre-agreed rate.
FX Swap
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Eliminates exchange rate risk on temporary currency positions
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Access required currency by using surplus funds in another currency
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Flexibility to adjust settlement dates to suit your cash flow needs
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Free of charge
An FX swap is an agreement with the Bank to exchange one currency for another at a fixed rate, with a simultaneous commitment to reverse the transaction at a future date, at a pre-agreed rate.
How to set up
Forward and FX Swap
transactions
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Open a current account
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Conclude an FX agreement with the Bank
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Complete the client questionnaire (Legal entities are also required to submit an LEI application)
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Place a security deposit Typically 5–20% of the transaction amount, depending on the deal structure
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