• maybank
    DIGITAL SOLUTIONS
  • lock
    LOGIN

Quick Link

Contact Us Locate Us Maybank Credit Card Online Banking
id - en
FIND SOLUTIONS Promotion Branch & ATM Locations Contact Us News & Announcement
dummy-side-banner-1 PREMIER WEALTH SYARIAH PERSONAL
Indonesia
Indonesia
BACK
Contact Us

About FX Forward

A contract to sell or buy a currency against another foreign currency at an exchange rate and a predetermined amount at the time of the transaction, while the exchange of funds is made within the next> 2 business days after the transaction date.

Just like an FX Spot contract, when it is due, it is an obligation for the party making the transaction to exchange the funds.

The Forward Rate is calculated based on the Spot + Swap Point Exchange (difference in interest rates between the two currencies). 

Import Liability Hedging

Export Receipt Hedging


Monday, Mar 7th 2018 Tuesday, Mar 8th 2018 Wednesday, Mar 9th 2018
TODAY SPOT
1mFORWARD
   =8,800  =8,850
     swap point = 50
Customer A sold USD 100,000 @ 8,800 currency 1mForward
  Customer's USD account will be debited and IDR credited IDR 885mio

Import Liability Hedging

Suppose there are importers from Indonesia who have an obligation to pay USD 1 million to overseas suppliers within 1 month from now and the prices given by Maybank are as follows:

Selling Exchange Rate
USD / IDR Spot Rate: 8,800 8,810
1 month Swap Point: 40 50
Forward Rate 1 month: 8,840 8,860

In this case, because the importer is of the view that the USD will strengthen within the next 1 month, it is recommended that they hedge by purchasing a 1-month Forward FX contract at the rate of 8.860 (Maybank selling rate).

Upon maturity (1 month later), the IDR importer account will be debited at IDR 8.86 billion and the USD importer's account will be credited in the amount of USD 1 million.

Export Receipt Hedging

Suppose there are exporters from Indonesia who will receive a payment of USD 1 million from overseas buyers within 1 month from now and the prices given by Maybank are as follows:

Selling Exchange Rate
USD / IDR Spot Rate: 8,800 8,810
1 month Swap Point: 40 50
Forward Rate 1 month: 8,840 8,860

In this case, because the exporter is of the view that the USD will weaken within the next 1 month, it is recommended that they hedge by selling a 1-month Forward FX contract at the rate of 8.840 (Maybank buying rate).
When due (1 month later), the USD exporter account will be debited at USD 1 million and the IDR exporter account will be credited at IDR 8.84 billion.

Product Summary Information

SEE MORE
  • maybank logo
  • Maybank Indonesia | The Ease of Financial Transactions in Just One Click Away
  • Business
  • Global Market Solution
  • FX Forward

Deposit & Investment

Business Deposit Account
Investment

Financing

Business
Maybank SME
Maybank SME +
Business Banking
HERpower
Working Capital
Financing
Corporate Financing
Commercial Financing
Trade Financing

Transaction Banking

Cash Management
Liquidity Management
Payment Services
Collection Services
Business Channels
Trade Financing

Sharia

Working Capital
Giro Business
IMBT
Properti
Financing Assets
Reguler TD
RPSIA iB

Custody Service

Business Highlights
Custody And Clearing
Fund Administration
Agency Product
e-Statement
Instagram Youtube Facebook Twitter
About Contact Us Site Map
PT Bank Maybank Indonesia Tbk is a Bank licensed and supervised by OJK & Bank Indonesia and LPS. PT Bank Maybank Indonesia Tbk is a guarantee participant in the LPS. The maximum deposit guarantee value per Customer per bank is IDR2 billion. To find out the applicable LPS interest rates, please CLICK HERE

Select Country

  • Indonesia
    Indonesia
  • Malaysia
    Malaysia
  • Singapore
    Singapore
  • Philippines
    Philippines
  • Cambodia
    Cambodia

Contact Us

Contact Enquiries

Call Center

Call Us

Email

Email Us

Locate Us

FIND BRANCH & ATM

Please wait a moment...   pre-loader

Enter your username
to start online banking

Login
Forgot username/password?
Don't have an account? Register Here
 

Corporate Online Services