Foreign Exchange (FX) Fixed & Optional Delivery Forward

• Simple and straight forward hedging.
• A defensive and conservative strategy for hedger who wish to ‘lock-in’ their cash flow requirements.
• Enjoy the ability to hedge your foreign exchange exposures.
• You can secure/book FX rates in advance from a choice of more than 20 currencies (including major currencies) against Singapore Dollar and US Dollar.
• Corporates with less exposures can enjoy hedging benefits with a smaller contract size (US$10,000).
• Secure "live" foreign exchange rates online with UOB eFX service via Business Internet Banking and enjoy real-time foreign exchange services

To apply, all corporations have to set up a FX Line with the Bank. 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 the Bank, you can arrange with your banker to restructure the credit line to accommodate the additional FX facility by earmarking a portion of the existing facilities.