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Axis Bank Forex, Treasury Services |
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Axis Bank Forex facility is one of the most trusted ones in the industry. The Axis Bank treasury employs highly sophisticated technology thereby reducing the processing costs and offering the cheapest foreign exchange rates to the clients. The Axis Bank Forex Products include:
Spot Contract:
The foreign exchange takes place on a pre-committed fixed rate for delivery for buy and sell of one currency against other. Here the risks involved due to fluctuating Forex rates are ruled out. This is for upto two business days.
Forward Contract:
This Forex product of Axis Bank is another form of spot contract with liquidity of up to 1 year.
Currency Swaps:
Available as cross-currency swaps, coupon only swaps and principal only swaps, this Forex product by Axis Bank allows currency exchanges at fixed rates for future for both principal and interest.
Interest Rate Swaps:
The exchange takes place in a fixed interest rates and a floating interest rate liability on behalf of a client. Only the cash flow differences are settled and the principal amount is left untouched.
Currency Option:
Axis Bank offers option of purchase or sell of a specified currency at a pre-specified rate. It is an instrument that is usually dealt by corporates having underlying knowledge and exposure of the currency rates. |
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FRA - Forward Rate Agreement:
This includes a contract that specifies exchange of interest payments for a specified period in the future. The interest rate risk is thereby hedged and only the cash flow difference is settled.
For details of any of the above mentioned Axis Bank Forex Services or direct application to the Foreign Exchange products by Axis Bank, refer to the Axis Bank website mentioned below. For details of other products and services by Axis Bank India browse through our dedicated pages on each.
Website: http://www.axisbank.com/personal/
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