Velocity Trade facilitates a broad range of FX Transactions and FX Orders.

Spot/Forward

A Spot Foreign Exchange transaction is a transaction where one currency is exchanged for another currency for value spot. A Forward Foreign Exchange transaction is a transaction where one currency is exchanged for another currency at a specified future date other than spot.

Two Way Spot/Forward

If you have sufficient privileges, you will be able to receive two way prices for either spot or forward instruments. Two way pricing refers to receiving two sets of rates for a currency pair; one at which you can sell a specified fixed currency amount and one at which you can buy the specified fixed currency amount.

Swap

A Swap is a transaction in which an amount of one currency is exchanged for another currency at a specified date (the near date) and is then exchanged back at another specified future date (the far date).

Forward Option

A Forward Option is a transaction whereby one currency is either bought or sold for another currency within a specified option period.

Delivery

A delivery is the means by which the client notifies the bank of the exact delivery date on which the currency amount or parts thereof, agreed in a forward option contract are to be delivered. The delivery is made at the same exchange rate as the original deal. The value date must be within the option period.

Extension

An Extension is a transaction in which the value date of an existing deal is extended to a new value date (it is only possible to extend a deal that has not reached its value date).

Take-up

An Early Take-up is a transaction in which the Value Date of a previous deal is brought forward to a nearer date.

Non-Deliverable Forwards

A Non-Deliverable Forward (NDF) is a popular instrument available to those who wish to hedge their exposure to foreign currencies which are not internationally traded and which do not possess a forward market for non-domestic players. For example, Philippine Peso (PHP), Taiwan Dollars (TWD), Indian Rupee (INR), Korean Won (KRW) and Chinese Yuan Renminbi (CNY).

For more information, please contact us.

Block Trades

Multi-line deal execution allows users to net multiple pricing requirements into grouped trades, according to currency pair and economic intent. Any combination of spot, forward outright and forward options trades can be transacted however, no swaps, extensions or take-ups are allowed.

Once individual trades are netted into group trades, a single request per-group trade can be executed. This ensures that the same spot rate is used for all trades in the group.

Single Leg Orders

A Single Leg Order is a stand-alone order, which does not have a relationship with any other order. The following types of single leg orders can be created:

• Standard single leg orders
• Call level orders

Multiple Leg Orders

A Multiple Leg Order is an order with 2 legs. There is a user-defined relationship between the 2 legs. The following multiple leg orders can be created:

• One cancels other (OCO)
• IF-DONE
• LOOP

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