About FX Swap
Usually, the FX Swap contract will be used for the following situations:
Change the maturity date of a foreign exchange contract
Get funding in different currencies
FX Swap Application: Change the Due Date of a Foreign Exchange Contract
Customer A has an FX Forward purchase contract of USD 1 million which will be due within 2 working days from now (Spot) for payment obligations to overseas suppliers. Apparently today, customers are informed that the payment can be delayed for the next 1 month. In this case, because the customer does not need USD now, then he can change the due date from Spot to 1m FORWARD. This is done by making a "Sell & Buy" Swap contract, where the customer will sell USD 1 million for Spot currency and buy USD 1 million for FORWARD 1m currency.
| Senin, 7 Mar 2011 | Rabu, 9 Mar 2011 | Senin, 11 Apr 2011 |
|---|---|---|
| TODAY | SPOT | 1m FORWARD |
| Nasabah A melakukan transaksi swap "Sell & buy" USD 1 juta valuta spot vs 1m Forward | Transaksi swap "sell" value spot akan meng-offset posisi "buy" forward | Transaksi swap "buy" valuta 1m forward akan menggantikan posisi "buy" forward sebelumnya, tetapi dengan tanggal jatuh tempo yang berbeda |
FX Swap Application: Funding in Different Currencies
Currently, customers have loans in IDR currency, but require funding in USD for investment needs abroad for the next 3 months. In accordance with the terms of the loan, customers cannot convert loans from IDR to USD. The solution that can be offered to customers is to use the "Buy & Sell" Swap mechanism, where customers will buy USD for Spot currency and sell USD for FORWARD 3m currency.
| Senin, 7 Mar 2011 | Rabu, 9 Mar 2011 | Senin, 11 Apr 2011 |
|---|---|---|
| TODAY | SPOT | 1m FORWARD |
| Nasabah A melakukan transaksi swap "Sell & buy" USD 1 juta valuta spot vs 1m Forward | Transaksi swap "buy" value spot akan mengkonfersi pinjaman IDR menjadi dana USD selama 3 bulan mendatang | Transaksi swap "sell" akan mengkonversi dana USD kembali menjadi dana IDR pada saat |
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