Foreign Exchange

Summary: 

No matter how small or large your business is we can:

  • provide the foreign currency for your specific need
  • provide protection against future fluctuations in foreign currency so you can plan your cashflows more accurately
  • help you benefit from favourable movements in foreign currency exchange rates.
CTA: 
foreign exchange
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Foreign Currency Products

Foreign Currency Deposit Accounts
Spot contracts
  • An agreement to buy or sell foreign currency that is settled within 2 business days of the deal.
Forward Exchange Contracts (FEC)
  • A Forward Exchange Contract (FEC) is a binding agreement between two parties to exchange one currency for another on an agreed date (but not Value Spot) at an agreed rate.
Foreign Currency Options
  • This gives the buyer the right (but no obligation) to exchange one currency for another at an agreed rate (the strike rate) on an agreed date (the expiry date).
  • The buyer pays a premium for this right.
  • The premium amount depends on the details of the Foreign Exchange Currency Option.

Foreign Currency Telegraphic Transfer Application

The Foreign Currency Telegraphic Transfer Application form can be used by customers managed by a Treasury dealer.

Product Disclosure Statement

Foreign Exchange Products are issued by Suncorp-Metway Ltd ABN 66 010 831 722. Please read the relevant Product Disclosure Statement or Product Features Booklet before you make any decisions regarding any of these products. Contact us for a copy.