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International Business Solutions

Foreign Exchange Risk Management

Call 1300 557 818

Protect your business from unpredictable exchange rate movements and reduce the impact of currency fluctuations on your cash flow.

Suncorp Bank offers a range of products and strategies that may help you manage currency risk and improve cash flow stability.

Foreign Exchange Value Tomorrow & Value Spot Transactions

Value Tomorrow and Value Spot transactions allow you to exchange currencies at a fixed rate, with settlement on a future date.


Ideal for international transfers, currency conversions, and foreign exchange orders.

For:
  • Importers & exporters: Manage invoice payments quoted in foreign currencies.
  • Businesses with overseas holdings: Convert overseas cash assets or earnings denominated in foreign currencies.
  • Businesses: Pay or receive foreign currency amounts.
  • Profit conversions: Convert foreign currency profits into Australian dollars.

Foreign Exchange Forward Exchange Contracts (FECs)

A Forward Exchange Contract (FEC) allows you to lock in an exchange rate for a future date, providing protection against unfavourable rate movements and ensuring cash flow certainty.

 

Ideal for managing currency risk, stabilising future cash flows and protecting your business from exchange rate volatility.

For:
  • Foreign currency transactions: Protect against adverse exchange rate movements.
  • Importers & exporters: Manage future foreign currency invoice payments.
  • Businesses with overseas holdings: Lock in a future exchange rate for overseas assets.
  • Cash flow protection: Safeguard against unfavourable currency fluctuations.

Foreign Exchange Swaps (FX Swaps)

FX Swaps allow you to exchange currencies at a fixed rate on a specific date, and then re-exchange them later at an agreed rate.

 

Ideal for managing currency risk and hedging against exchange rate fluctuations, it may help you protect your business from market volatility.

For:
  • Foreign currency obligations: Protect against adverse exchange rate movements.
  • Importers & exporters: Manage future foreign currency invoice payments.
  • Cash flow management: Secure cash flow now for future currency transactions.
  • Businesses with overseas holdings: Lock in a future exchange rate for overseas assets.

Foreign Currency Options (FX Options) *

FX Options give you the right (but not the obligation) to exchange currencies at a fixed rate on a future settlement date.

 

Ideal for businesses seeking protection against currency fluctuations, FX Options also provide the flexibility to benefit from favourable exchange rate movements by transacting at the prevailing spot rate.

For:
  • *Wholesale Only: only available to customers who meet the definition of wholesale client under section 761G or sophisticated investor under section 761GA of the Corporations Act 2001 (Cth).
  • Importers: Protect against future foreign currency payments.
  • Exporters: Hedge against foreign currency receipts.
  • Currency risk protection: Ideal for businesses uncertain about future exchange rate movements.

Fees

Telegraphic Transfer

Product

Issued 

Recall

Amend

Trace

each

each

each

each

Value Tomorrow & Value Spot

$30.00

$30.00

$30.00

$30.00

FX Swap

$30.00

$30.00

$30.00

$30.00

Forward Exchange Contracts

$30.00

$30.00

$30.00

$30.00

Foreign Currency
Options #

$30.00

$30.00

$30.00

$30.00
Other

Product

Confirmation Reprint

Transfers to other institutions (EFT)

Request for Audit Certificate

Record search/copy fee

Interest Certificate (Previous Financial Years)

each

each

per certificate

each

per certificate

Value Tomorrow & Value Spot

$3.00

$0.00

$30.00

$70.00

n/a

FX Swap

$3.00

$0.00

$30.00

$70.00

n/a

Forward Exchange Contracts

$3.00

$0.00

$30.00

$70.00

n/a

Foreign Currency
Options #

n/a

n/a

n/a

n/a

n/a

# Costs and fees for Foreign Currency Options are reflected in the premium; if exercised, standard fees for the resulting FX transaction (e.g., Value Spot, Forward Exchange Contract, or FX Swap) may apply.

Check Eligibility

  • You have a business registered in Australia that can meet the bank’s credit requirements. 
  • You can provide two consecutive years of financial information.
  • You have security such as cash, residential, commercial or rural property, business assets, or a combination of these.
  • * FX Options are available to clients who are not retail clients, as defined under the Corporations Act 2001 (Cth). This includes clients who qualify as wholesale clients under section 761G. 

To apply

Call a Treasury Representative

 

  • Mon – Fri 8am – 5.00pm AEST
Call 1300 557 818

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Australia and New Zealand Banking Group Limited (ABN 11 005 357 522) (ANZ) acquired Norfina Limited (ABN 66 010 831 722 (Suncorp Bank) on 31 July 2024. As Suncorp Bank is now part of the ANZ Group, it may be necessary to vary the terms of your Suncorp Bank product to match the terms of a similar ANZ product. This means you may end up with a product that has different terms and features to those you initially applied for. In any event, Suncorp Bank will provide you with a more detailed notice of these changes if the variation applies to your products. A full list of these changes for each product can be found at suncorpbank.com.au/variation. Please contact us if you have any questions or if there is a feature that is important to you.

Home Loan, Personal and Business Banking products are issued by Suncorp Bank (Norfina Limited ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882) to approved applicants only. Eligibility criteria, conditions, fees and charges apply and are available on request. Please read the relevant Product Information Document and terms and conditions before making any decisions about whether to acquire a product.

Foreign currency facilities are subject to exchange rate fluctuations, which may increase costs  or result in losses. Suncorp Bank offers products designed to help manage the financial risks associated with exchange rate movements. Suncorp Bank recommends that customers seek independent financial advice in respect to the risks associated with foreign currency exposure and the suitability of financial products available to help minimise that risk.

Foreign Exchange Products are issued by Suncorp Bank (Norfina Limited) ABN 66 010 831 722 AFSL No 229882. Any advice has been prepared without considering your personal objectives, needs, or financial situation and prior to making any financial decisions, you should consider the relevant product disclosure documentation to decide whether the product is appropriate for you. Please read the relevant Product Disclosure Statement or Product Information Document, the Financial Services Guide, and our Treasury terms and conditions before you make any decisions regarding any of these products. Contact us for a copy of these documents related to Foreign Exchange Products.