Foreign Exchange (FX) Fixed & Optional Delivery Forward
Foreign Exchange (FX) Fixed & Optional Delivery Forward offer businesses the option to contract buy or sell foreign exchange at an agreed-upon rate/price determined today for delivery/settlement on an agreed future date.
Features
& Benefits
- Simple and straightforward hedging
- A defensive and conservative strategy for hedger who wishes 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
Apply Now
- To apply, all institutions have to set up an FX Line with the Bank. The FX line states the maximum amount and tenor 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
More Information
- Visit us at:
United Overseas Bank Limited
Financial Institution Sales
80 Raffles Place
5th Storey UOB Plaza 1
Singapore 048624
Tel: 6233 6032
Useful Information
Uniplus Account Rates
| Savings Amount | Rates |
|---|---|
| First S$3,000 | 0.2500 |
| Next S$47,000 | 0.2750 |
| Next S$50,000 | 0.3750 |
| Remaining Balance Above S$100,000 | 0.4750 |