![Plain FX Forward Plain FX Forward](/ResourcePackages/DSKBank/assets/dist/images/empty.gif)
FX Swap
Guarantee liquidity
without currency risk
In a FX swap, the client simultaneously buys and sells one currency to buy another currency, with both transactions having different values – one executed on the trade date and the other on a forward date. On the one hand, through the FX swap the client converts cash from one currency to another currency, thus providing short-term liquidity in a different currency, and on the other hand guarantees the exchange rate on the forward date.
Features of FX Swap
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Two deals with different directions and dates combined in one product
![048 048](/images/default-source/redesign/pngs/70х70/green/048.png)
Provides liquidity in a given currency
![027 027](/images/default-source/redesign/pngs/70х70/green/027.png)
Guarantees the exchange rate for the reverse maturity transaction
Example: The client has USD 1,000,000 and wants to secure short-term liquidity in EUR, while after 3 months it has to make payments to suppliers in USD, worth USD 1,000,000. For this purpose, it concludes a currency swap with the following two legs:
1st leg, 01.09.2021: The client sells 1,000,000 USD and buys EUR at the rate of 1.1817
2nd leg, 30.11.2021:The client buys 1,000,000 USD and sells EUR at the rate of 1.190
Target market of the product
The FX Swap is a financial instrument, which the Bank manufactures and distributes as a product. The table below sets out the criteria for determining for which client profile the product is compatible with or not.
Contact dealers:
Treasury Sales Department
Deyan Mankovski – Head of the Treasury Sales Department – 02 80 10 862
Kalina Mays – Head of FX Unit, Treasury Sales Department – 02 97 66 233
Milena Lukanova – Senior Dealer, Treasury Sales Department – 02 97 66 232
Oktay Hasanov – Senior Dealer, Treasury Sales Department – 02 97 66 236
Hristo Arnaudov – Dealer, Treasury Sales Department – 02 93 91 364
Velichko Dimov – Dealer, Treasury Sales Department – 02 93 91 126
Kalina Yankova - Dealer, Treasury Sales Department – 02 93 91 133
Hristo Sugarev – Head of Asset Management Unit, Treasury Sales Department – 02 93 91 133
Ivelin Ivanov – Senior Dealer, Treasury Sales Department – 02 93 91 365
Martin Georgiev – Dealer, Treasury Sales Department – 02 97 66 234
Documents
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Product Description FX Swap
PDF file
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Key Information Document FX Swap
PDF file
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Information on Costs FX SWAP
PDF file
News
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