Over The Counter Transaction
We provide over the counter (OTC) telegraphic transfers, demand drafts and currency notes through our extensive branch networking.

Spot Contract
A foreign exchange Spot Contract is the buying and selling of currency with delivery 2 trading days from the date of transaction.

For example, a Spot Contract transacted on Monday will settle on Wednesday.

Forward Exchange Contract
A Forward Exchange Contract (FEC) is an agreement to buy or sell currencies at a future date (more than 2 trading days) at a predetermined price.

An FEC can be either at premium (i.e. higher than spot rate) or at discount (lower than spot rate), depending on the interest differential between the two currencies. It is generally used to offset or hedge against future rate exposure on receivables or payables in other currencies.

Foreign Currency Notes
Our extensive branch networking, gives you the benefits of convenience and competitive pricing on over 20 pairs of hard currency notes.

Currency Options
A Currency Option Contract provides the buyer (holder) with the right (not obligation) to buy or sell currency at a predetermined rate (strike price) on a specific future date.

The buyer of the Option pays an up front fee (premium) to the seller in exchange for the right featured in the Option Contract.

This instrument is generally used to hedge and manage uncertain future currencies exposure.