4.8 Product Code - FWFW

FWFW – Swap (Forward –Forward Combination Deal)

Business Scenario

This financial product that is, SWAP helps customers/corporate to Purchase/Sale the Banned Foreign Exchange Currencies at Forward (Future) Market.

Targeted Customer Segment: Inter Bank Clients who seek Cash Foreign Currency Buy/Sell deal fixing.

Introduction

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

Synopsis (ex. High level features etc.)

• Swap Product FWFW is used for simultaneous Purchase and Sale of Foreign Exchange from Forward Markets.
• Swap Product FWSP is the Combination of the Products FFB1 and FFR1
• Swap deals are available for maturities from 3 days out to about 2 years.
• 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