US bank holds spot FX rates for longer period to give alternative hedging tools to smaller clients
Bank of America has begun offering commercial banking clients a locked-in foreign exchange spot rate to transact against for a year, as banks look to increasingly offer the product to smaller clients that don’t want to trade derivatives.
The product sees a dealer offer a fixed exchange rate that a client can hit at any time over a given period, as a way for clients to effectively hedge their FX exposures without needing internal systems or contracts to deal with derivatives transactions. A number
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Most read articles loading…
Back to Top
You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.
