Foreign Exchange
We offer you foreign exchange services on spot, forward and swap basis to meet your trading needs and funding requirements.
Services
- Foreign exchange services for spot, fixed forward, optional delivery forward to meet your trading needs and funding requirements such as payment/receipt of trade bills, remittances, fund transfers and loans
- A variety of hedging instruments/products such as Asian Non-Deliverable Forward (NDF), Currency Option, Long Term FX Forward to better manage your foreign exchange exposures
Notes
Value Date
Value date refers to the date on which actual exchange of funds i.e. payment/receipt takes place. Funds can only be used when they are credited with "good value". Foreign Exchange (FX) rates are generally quoted on a spot basis.
Spot Transactions
An FX spot transaction is a deal in which you and us agree to exchange agreed-upon amounts of two different currencies at an agreed exchange rate for settlement in 2 business days. Spot rates can be adjusted to provide for transactions taking place today or tomorrow. These transactions are known as "Value Today" or "Value Tomorrow".
Forward Transactions
A forward transaction is an agreement between you and us, which is agreed today, to exchange agreed-upon amounts of two different currencies at an agreed-upon rate/price for delivery on an agreed future date.
More Information
- Call our Global Markets Sales dealers at 603-2613 8188 during office hours.
- Contact our 24-hour UOB Call Centre at:
Kuala Lumpur+6 03-26128 121 Penang+6 04-2401 121 Johor Bahru+6 07-2881 121 Kuching+6 082-287 121 Kota Kinabalu+6 088-477 121 - Email Us