Foreign Exchange and Derivatives

Chinabank offers Foreign Exchange (FX) services with access to different currencies. Our competitive rates will help you meet your funding and liquidity requirements with ease. 

We also offer Derivative products to minimize your exposure to market risk and hedge against rate fluctuations. 

We offer the following products:

FX Spot

This involves the conversion of one currency to another on an agreed date of no more than 2 business days.

FX Forward

This is a hedging tool that allows the client to lock in the price today for a currency that is to be bought or sold for settlement at a future date to eliminate FX risk.

FX Swap

An agreement to simultaneously buy or sell an amount of currency at an agreed rate and to resell or repurchase the same amount of currency for a later value date to or from the same counterparty also at an agreed rate. This is mostly used for funding requirements. 

Interest Rate Swap

An agreement between two parties to exchange one stream of interest payments for another, denominated in the same currency. It usually involves the exchange of a fixed interest rate for a floating interest rate or vice versa.

Cross Currency Swap

A bilateral contract to exchange a series of future interest payments and/or principals denominated in two different currencies at an agreed interest rate and exchange rate. This combines the features of an Interest Rate Swap and FX Swap.

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