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While risks are an integral part of any business, you can protect your business against currency and interest rate risk through effective risk management strategies.

Foreign Exchange Spot

A spot contract is a binding obligation to buy or sell a certain amount of foreign currency at the current market rate, for settlement in two business days.

Foreign Exchange Forward Contract

A forward exchange contract (or forward contract) is a binding obligation to buy or sell a certain amount of foreign currency at a pre-agreed rate of exchange, on or before a certain date.

Foreign Exchange Option

This is a contract that grants the holder the right, but not the obligation, to buy or sell currency at a specified exchange rate during a specified period of time by paying a premium to the option seller.

Interest Rate Swap

An Interest Rate Swap (also known as an IRS, Vanilla Swap or simply a Swap) is an agreement between two parties under which each agrees to make periodic interest payments to the other for an agreed period of time, based on a notional amount. Typically one party pays a fixed interest rate, while the other party pays a floating interest rate based on a published index (e.g. KLIBOR (MYR), BBA-LIBOR, etc).
(Eligible for protection by PIDM)

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Speaking Up

Standard Chartered Bank (the “Bank”) is committed to maintaining a culture of the highest ethics and integrity, and in compliance with all applicable law, regulation and internal policy. As part of this commitment, the Bank has a ‘Speaking Up’ programme through which genuine concerns in this regard can be raised. Members of the public can securely raise Speaking Up concerns through this hyperlink, which is hosted on behalf of the Bank by a third party ‘InTouch’. Examples of concerns that can be raised through this website are concerns that relate to accounting, internal accounting controls or auditing matters and concerns relating to bribery or banking and financial crime. Concerns received will be forwarded to the Bank’s investigations team for review. Complaints relating to SCB banking services should not be raised through this site in the first instance, but through the SCB branch network, contact centres, Relationship Managers or the ‘Contact Us’ webpage.

Disclaimer

Please note that this hyperlink will bring to you to another website on the Internet, which is operated by InTouch, an independent company appointed by the Bank to support its Speaking Up programme. Please be mindful that when you click on the link and open a new window in your browser, you will be subject to the additional terms of use of the website that you are going to visit.

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