Long Term FX Forward
With Long Term FX Forwards, corporates are spoilt for choice when looking for ways to hedge their foreign exchange exposures.
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
- Allows businesses to contract buy or sell foreign exchange at an agreed-upon rate/price determined today for delivery/settlement on an agreed future date
- An FX forward rate normally exceeds one year
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 |