For more information on Regions Bank Foreign Exchange, call 888-223-8088.
Product/Service |
Description |
Benefits |
Spot Contracts |
Buy or sell foreign currency for immediate use. |
Makes purchasing and selling foreign currencies easy and convenient and ensures competitive prices on your foreign exchange transactions. |
Outright Forward Contracts |
Buy or sell foreign currency at a fixed price for a specific future date. |
Protects future cash flows from negative currency fluctuations and locks in currency prices so you can plan on a known future. |
Variable Delivery Forward Contracts |
Buy or sell foreign currency at a fixed price for a period of time in the future rather than a specific date. |
Provides more flexible purchase dates, permits execution of part of the contract at different intervals during the delivery period, locks in currency prices and allows consolidation of small forward requirements into one larger contract. |
Foreign Currency Account |
Designed for companies that have commonly denoninated payables and receivables in foreign currency. |
Protects your company from spot price variations, gives you more control over your accounts, increases transaction efficiency, and may lower fees. |
Foreign Currency Time Deposit |
Provides the ability to invest in a foreign currency at the respective country’s interest rate for a specific period of time. |
Allows you to diversify your existing portfolio and to potentially earn higher interest rates than those available domestically and to take advantage of any favorable exchange rate move. |
Internet- Based Foreign Exchange System (RX) |
Enables your company to initiate foreign currency denominated wires and drafts, directly from your own computers via an internet system. Repetitive templates reduce preparation time to a few keystrokes. |
Increases the speed of your transactions because you prepare your own wires and drafts when required, with real-time exchange rates. Also facilitates recordkeeping and transaction history. |
Options |
Numerous derivative products are available to provide flexibility in meeting individual needs. |
Suitable for covering uncertain or contingent exposures because they do not obligate you to exchange currencies. Exchange at the better rate of either the option strike price or the current market rate, eliminating the downside risk in a position while remaining open to upside potential. |