As the global marketplace continues to evolve, businesses and individuals require agile solutions to navigate the complexities of currency exchange. At Atlantic Union Bank, we understand these challenges and have crafted a comprehensive suite of services to address your foreign exchange needs:
- Spot transactions - A spot trade, also known as a spot transaction, is when a trader buys or sells a financial instrument, commodity or foreign currency on a specific date (the spot date). A spot contract often involves the physical delivery of currency or commodity.
- Forward contracts - A forward contract is a customized contract between two parties to buy or sell an asset at a specified price on a future date. A forward contract can be used for hedging or speculation, although its non-standardized nature makes it particularly apt for hedging.
- Options - A currency option (also known as a forex option) is a contract that gives the buyer the right, but not the obligation, to buy or sell a certain currency at a specified exchange rate on or before a specified date. For this right, a premium is paid to the seller.
- Swaps - Swaps are derivative contracts between two parties who agree to exchange assets with cash flows for a specified period of time.
Whether you are a business paying an international vendor, a company expanding your international operations, a subsidiary of an international parent or an investor seeking to diversify your portfolio, our expert team is here to assist you every step of the way. We promise to work closely with you to understand your unique requirements, risk appetite, and tailor solutions that align with your objectives.
With years of experience in the industry, we have cultivated a deep understanding of the ever-changing foreign exchange market, enabling us to offer you personalized and innovative solutions.