FX Risk Hedging Products - Industrial and Commercial Bank of China (Asia)
FX Risk Hedging Products
FX Forward
FX Forward means after entering into the contract, there is no immediate exchange. It allows customer buy or sell the pre-determined currencies, notional, exchange rate at specific time in order to hedge their currency risks simply and efficiently with physical delivery of currency at maturity.
FX Swap
FX Swap is a simultaneous purchase and sale, of identical amounts of one currency for another with two different value dates (normally spot to forward). The two parties agree a currency exchange on one day and simultaneously agree to reverse that deal on a date in the future. That is, the two parties have the right to use the exchanged currency at a specific time.
FX Option
FX Option refers to that the Buyer in an option agreement may obtain the right for purchasing/selling certain currency of agreed sum at agreed price/exercise price within agreed period after paying the Seller option premium. The Buyer can choose not to exercise that right and loss the option premium.
FX Optional Forward Deal
Tailor-Made Hedging Products to different customers to meet their specific needs’ and to hedge their FX risk.
Minor Currencies Business
Tailor-Made Hedging Products to different customers to meet their specific needs’ and to hedge their FX risk.
Tailor-made FX Risk Hedging Products
Tailor-Made Hedging Products to different customers to meet their specific needs’ and to hedge their FX risk.
FX Spot Transaction
Spot foreign exchange transaction refers to the agreement between the client and ICBC Asia to deliver the currency purchased by the other party as agreed in the contract on or within the second working day after the transaction. There is no payment at the beginning of the period.
ICBC Asia offers wide range of products, the Bank support the exchange of major currencies such as RMB, HKD, USD and EUR as well as some minor currencies.
Carbon Trading Business
For spot trading of commodities, ICBC Asia buys and sells carbon emission allowances on the HKEX platform on behalf of customers, and delivers the traded emission reduction allowances and currencies on the platform as agreed in the contract (VCUHKD/VCUCNH is currently supported).
*Investment involves risk, the price of investment products may sometimes be very volatile, the price of investment products may go down and may even become valueless. Trading investment products may not necessarily result in profit, but may result in losses.
