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Foreign Exchange
HSBC is one of the active players in the foreign exchange market, quoting competitive prices in USD/PKR spot as well as forward.
We provide
- Comprehensive foreign exchange products and services through our global network.
- Superior execution of foreign exchange products.
- Tailor-made solutions to address your problems and needs.
- Service based on the highest ethical standards.
Foreign Exchange Risks
We can help you manage your risk exposures in invoicing imported and exported goods. These risks are minimised by using a range of products available to develop a suitable hedging strategy.
There are three basic alternatives to manage your risk exposure
- Simply deal in the spot market until the actual cash flow requirement arises.
- Lock funds in fixed rates by way of forward contracts and hedge your risk.
- Use flexible products such as option forwards, which offer additional flexibility to ease your cash flow.
Products Offered by HSBC
READY/SPOT
A foreign exchange deal (to buy or sell) that is settled within two working days. USD/PKR deals can be settled on the same day.
FORWARD OUTRIGHT (FWD-O/R)
An agreement used in foreign exchange transactions that is settled within two or more working days.
OPTION FORWARD (OFD)
An option forward is a binding contract in which the bank sells a specific amount of foreign currency to a customer at an agreed exchange rate within a specific time period.
FOREIGN BILL PURCHASED (FBP)
A cash advance made to customers against their export bills received from a foreign buyer through Documentary Credit Collections, either on Documents against Acceptance (DA) or Documents against Payments (DP) basis.
FORWARD/ FORWARD DISCOUNTING
A forward discounting to be made on a forward date to settle a forward cash flow obligation.
FOREIGN CURRENCY TRADE LOAN (FCY LOAN)
Loans against imports are available to customers when they purchase goods under Documentary Credit or Documentary Collections terms. Pre-shipment finance is also available to customers to meet their working capital requirements. Advances are granted upon production of a buyer's contract or export Documentary Credit.
CROSS CURRENCY HEDGING
Customer can hedge their exposures in other currencies (eg GBP, JPY, CHF, EURO or any other currency) against US dollars in forward.
Need to know more?
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