Foreign Exchange Risk Management

Minimise foreign exchange risk

Foreign Exchange Risk Management Solutions from Yorkshire Bank can help minimise the risks associated with overseas trade. These options help protect against the risk of exchange rate fluctuations as well as allowing better management of your business cashflow. Protect your business abroad with this business banking solution.

• Flexible strategies to help you plan and project costs
• Available for one-off or regular transactions
• Competitive market exchange rates
• Some solutions offer flexible maturity dates and premium based structures

Features

• Spot, Forward Contracts, Option-Dated Forward Contracts, FX Swap and Vanilla Options (where suitable) products available to assist you with the management of your foreign exchange risk
• Competitive market exchange rates
• Dedicated experts both based in our Dealing Room and locally looking after the exchange risk with you
• Electronic dealing available via our web-based system

Important information

• Rates available for up to two years (longer upon request)
• Credit facilities may be required for this service
• Please note that by transacting certain structures within our Product Offering may adversely affect the exchange rates you pay, and may not be suitable for your business. You should understand and consider the circumstances in which you may have to pay a worse exchange rate than the prevailing market rate, and what this may mean for your business and cashflow.
• For some products a break cost, which could be significant, may be payable if you seek to break the terms of the contract
• An up-front premium may be due for certain products, dependent on the type of structure.
• Full terms and conditions are available on request

More benefits

• Personal attention - dedicated pro-active relationship management
• Certainty - exchange rate can be locked in for future delivery, helping to assist budgeting
• Protection - against adverse movements

Key information documents

Key information documents for the products we offer are provided below to allow you to consider the risks, benefits, costs and suitability in line with your requirements prior to purchasing of any of these products.

Our general terms of business for professional and retail clients and Best Execution Customer Summary are also provided for your information.

• FX forward
• FX vanilla option
• FX non deliverable forward
• FX time option forward
• FX swap