Products to suit the financial market

Spot Foreign Exchange

This transaction involves buying or selling foreign currencies, with two business days between the deal and the settlement date.  NMB Treasury also offers deals with same day or next day value dates. 

We also cater for cash foreign exchange transactions for Walk-In Customers (non-account holders).  We deal with all major currencies. 

Our international payments services offer the fastest and safest SWIFT and TISS services, for both inward and outward telegraphic transfers for all major currencies.

Forward Foreign Exchange Contracts

  • Forward foreign exchange contracts allow customers agree to buy or sell one currency against another at a date more than two days from the deal date, at a predetermined price.
  • The prevailing spot exchange rate and interest rates are taken into consideration to determine the forward rate.
  • Benefits: You can hedge against the negative impact of exchange rate and interest rate fluctuations by agreeing with the bank in advance to fix a future rate today.
  • With the fixed exchange rate, companies are able to plan and project cash flows for accurate budgeting. Delivery dates are customized to suit your business needs.

Foreign Exchange Swaps

  • FX Swaps allow customers to exchange two currencies at an agreed rate on a specified value date, and at a later date do the opposite of this transaction at a pre-agreed rat
  • This gives flexibility to corporates to optimize the use of cash flows of different currencies. 

Interbank Foreign Exchange Services 

  • Market Making
    • NMB provides liquidity by quoting competitive two-way quotes in the spot and derivative interbank market.
  • Secondary-Party Payments
    • NMB facilitates payments between international and local counterparties at competitive quotes.
  • Market Intelligence
    • NMB Treasury sends daily bulletins on global financial markets, giving you vast market intelligence, i.e., currencies trends, interest rate trends, global commodities prices and necessary information to enable companies to make the best decisions related to the financial markets.
    • NMB also issues a quarterly Market Digest, covering pertinent financial markets analysis, news, data, and trends.

 

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