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
Parent topic: Product Catalog - Treasury – Foreign Exchange