Forex swap transaction

A cross between a spot transaction and a foreign exchange forward contract
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The forex swap transaction enables the combination of a spot transaction and a foreign exchange forward contract by selling a currency on the spot date at the same time as buying back forward – or vice versa.

Forex swap transaction: for limiting currency risks

  • Sale of a currency on the spot date and simultaneous forward repurchase or vice versa

  • Foreign exchange transactions in 9 foreign currencies and 90 currency pairs

  • Purchase/sale against CHF or another currency

  • Extension of a due spot transaction or foreign exchange forward contract

PostFinance accounts in the relevant currencies are required for foreign exchange transactions. The accounts must be in the same name.

Conditions

Upon balance of a forex swap transaction, a margin of 10% of the total amount on the business account will be reserved. The margin (the safety margin to cover the exchange rate risk which the writer of a forward transaction has to put up or deposit) will be constantly adjusted in accordance with market conditions during the course of the forex swap transaction.

CHF
Swiss franc
AUD
Australian dollar
CAD
Canadian dollar
DKK
Danish krone
EUR
Euro
GBP
British pound
JPY
Japanese yen
NOK
Norwegian krone
SEK
Swedish krona
USD
United States dollar

Setting up forex swap transactions

Simply by telephone.