Foreign Currency Hedging iB (FCH iB)
A facility offered to our customers for treasury transactions to hedge against movements in foreign exchange rate using the underlying transactions that are allowed under the Shariah principles and applicable regulations.
Benefits of FCH iB
To mitigate the potential loss from foreign exchange risk for a certain period based on the underlying transactions that are allowed under the Shariah Principles and applicable regulations.
Underlying Transactions under FCH iB
The followings are the FCH iB Underlying Transactions:
- Shariah Financing
- Trading & Services (Domestic and Foreign)
- Direct Investment, Capital Investment and Other Investment (Domestic and Foreign)
Forward iB is an agreement between two parties (the Bank and the Customer) to exchange 2 (two) different currencies at one particular settlement date with a Forward Agreement scheme followed by transactions in accordance with the Shariah principles.
Product Features
- Tenor : 3 days to 1 year
- Currency : IDR, USD and other currencies (subject to availability)
- Eligibility Criteria :
- Business Entities and Individuals within Indonesia
- Has obtained Forward iB facility
- To provide underlying transactions that is in accordance with the Shariah principles
Cross Currency Hedging iB is an agreement between two parties to conduct a series of exchanges of two different currencies over a certain period of time using transactions that is in accordance with Sharia principles. Cross Currency Hedging iB can be performed with or without currency exchange at the beginning (notional)
Product Features
- Tenor : 1 to 5 year
- Currency : IDR, USD and other currencies (subject to availability)
- Eligibility Criteria :
- Has obtained Forward iB facility
- To provide underlying transactions that is in accordance with the Shariah principles
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