Brief Description

An FX DF is a contract between you as the client and CTBC Bank, in which you either have the obligation to buy the underlying currency from the Bank or to sell it to the Bank at a future date at a rate agreed at present (forward rate).

Features

The FX DF is a simple way for you to hedge against foreign exchange risk. It allows corporations to determine the conversion rate in advance for future payments/proceeds to better manage the cash flows of future transactions. Its settlement is on the agreed date (forward date).

Requirements

• Credit Line*
• Client Suitability Assessment Form/ Risk Profile Questionnaire
• Master Agreement
• Suitability Letter
• Risk Disclosure Statement
• Other supporting documents as required by the Manual of Regulations for Banks (MORB)*

*Please refer to your Relationship Manager/Account Officer for the rates and other pertinent documents required.

List of Acceptable IDs