4.7 Product Code- FWSP

FWSP – Swap (Spot –Forward Combination Deal)

Business Scenario

This financial product that is, SWAP helps customers/corporate to Purchase/Sale the Banned Foreign Exchange Currencies with different value date.

Targeted Customer Segment: Inter Bank Clients who seek seek simultaneous buy and sell of Foreign Currency in Spot and Forward Market.

Introduction

Swap Deal FSW1 is the Spot-Forward Deal, where simultaneous Purchase and Sell of Foreign currency is done.

Synopsis (ex. High level features etc.)

• Swap Product FWSP is used for simultaneous Purchase and Sale of Foreign Exchange from Spot and Forward Markets.
• Swap Product FWSP is the Combination of the Products FSB3 and FFB1
• Customers of both type types that is, retail customers and corporate could be covered under this product.
• It may/may not involve insistence of Limit

Detailed Coverage

Product NDF covers the following features:

• Booking of Deal
• Reversal of Deal

Special/Other Features

Other Features

Other Features of the Spot Product FXNS are as below:

• Limit Tracking
• CLS Status Change
• CLS Alleged Deal Status Change
• CLS Net Position Check
• CLS Status Change Alert