Product description
- Exchange of funds in one currency for an equivalent in another currency for a fixed period of time. If such a term starts in the future, this option is called a Forward FX Swap.
- Technically, a FX Swap is constituted by two simultaneously concluded FX conversions.
- Settlement is performed in the form of two separate conversions, i.e. the initial sale of funds by the Client to the Bank for the current market FX rate and their future buy-back by the Client from the Bank for the forward rate.
Terms of service
- Accounts in the relevant currencies.
- Sufficient account balance (converted amount equivalent).
- Minimum volume of a transaction has been set out as CZK 1,000,000 or an equivalent in EUR, USD, GBP, CHF and PLN, for other currencies have been the minimum volume certify.
- Maturity – up to 1 year.
- Traded currencies are limited by the scope of the foreign exchange list of LBBW Bank CZ a.s.
- Master Agreement on Treasury Trades.
- Agreement for opening of pledge account, cash deposit or cash derived from repo deal with securities.
