Home ➞ Promotions ➞ Hedge your FX rate now with Foreign Exchange Contract Line

 

Hedge your FX rate now with Foreign Exchange Contract Line

Minimise the risk of FX rate fluctuations for your business with AmBank’s Foreign Exchange Contract Line (FECL).

 

Benefits
  • NO COLLATERAL REQUIRED for forex amount up to RM500,000*
  • Contract tenure up to 6 months
  • Competitive FX rates

*No collateral requirement applies to existing lending customers only.

 

How does it work?

Customer (Eg: An importer) enters into a FX Forward Contract, with three (3) months tenure to buy USD500,000 for import payable.

Scenario: Calculated Forward Rate

Spot Rate USD/MYR on 15 Sep 20xx

4.1700

3 months Swap Points^

+0.0180

Forward Rate^^ USD/MYR on 15 Dec 20xx

4.1880


Net effect: On 15 December 20xx, customer pays MYR2,094,000 to buy USD500,000 at the rate of 4.1880.
^Swap Points is the interest differential between two currencies.
^^Forward Rate = Spot Rate +/- Swap Points

 

How to apply?

Speak to our Customer Service Executive at your nearest AmBank Branch to know more, or call 03-2178 3188 for further assistance.

Click here to view the full terms and conditions.

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