Forex swap transaction

A cross between a spot transaction and a foreign exchange forward contract

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 nine foreign currencies

  • 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

    Foreign currency transactions are free of charge.

    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.

    Tradable currencies

    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