Foreign Exchange

  • Wide choices of hedging solutions at competitive rates

Services

  • Foreign exchange services for spot1, fixed forward, optional delivery forward to meet your trading needs and funding requirements such as payment/receipt of trade bills, remittances, fund transfers and loans

 

  • A variety of hedging instruments/products such as Asian Non-Deliverable Forward (NDF), Currency Option,  Long Term FX Forward  to better manage your foreign exchange exposures

 

Please contact Global Markets Sales during office hours:

Commercial Desk     +6 03 - 2613 8188
Corporate & FIG Desk     +6 03 - 2776 9166
Business Banking Desk     +6 03 - 2776 9188
Notes

Value Date
Value date refers to the date on which actual exchange of funds i.e. payment/receipt takes place. Funds can only be used when they are credited with "good value". Foreign Exchange (FX) rates are generally quoted on a spot basis.

 

Spot Transactions

An FX spot transaction is a deal in which you and us agree to exchange agreed-upon amounts of two different currencies at an agreed exchange rate for settlement in 2 business days. Spot rates can be adjusted to provide for transactions taking place today or tomorrow. These transactions are known as "Value Today" or "Value Tomorrow".

 

Forward Transactions
A forward transaction is an agreement between you and us, which is agreed today, to exchange agreed-upon amounts of two different currencies at an agreed-upon rate/price for delivery on an agreed future date.

Benefits

  • Enjoy competitive rates for a wide range of foreign currencies and the ability to hedge your foreign exchange exposures

  • Secure/book Foreign Exchange (FX) rates in advance from a suite of more than 20 currencies (Malaysian Ringgit and other Currencies)

  • Corporates with less exposures can enjoy hedging benefits with a smaller contract size

 

Please contact Global Markets Sales during office hours:

Commercial Desk     +6 03 - 2613 8188
Corporate & FIG Desk     +6 03 - 2776 9166
Business Banking Desk     +6 03 - 2776 9188

Rates & Requirements

Rates

Requirements

To apply, all corporations have to set up an FX Line with us. The FX line states the maximum amount and tenure that you may contract at any one time.



If your business currently has credit facilities (e.g. Letter of Credit, Trust Receipts or Overdraft line) with us, you can arrange with us to restructure the credit line to accommodate the additional FX facility.

Please contact Global Markets Sales during office hours:

Commercial Desk     +6 03 - 2613 8188
Corporate & FIG Desk     +6 03 - 2776 9166
Business Banking Desk     +6 03 - 2776 9188

How to Apply

Please contact Global Markets Sales during office hours:

Commercial Desk     +6 03 - 2613 8188
Corporate & FIG Desk     +6 03 - 2776 9166
Business Banking Desk     +6 03 - 2776 9188

More Information

Global Markets Gold Dealers 

+6 03 - 2613 8118 (during office hours)

Rates & Prices 

Check out the rates and prices of our unit trusts and foreign exchange

Stay Informed 

Stay ahead of global and regional news, economic developments, interest rates and more.