Spot Transactions

Immediate sale / purchase of currency– often referred to as a spot transaction, currencies can be converted at the prevailing exchange rate either same day, next day or for two working days time. You’ll receive a highly competitive exchange rate at the time of purchase, and once you’ve paid for your foreign currency, you can keep the funds on your account or send securely to a third party with no transaction fees.

Forward Contracts

Whether you are worried about adverse exchange rate movements on your future requirements, or just value the certainty of a known cost or revenue figure in the future, then a forward contract could be the answer. At Bell Rock you can buy or sell your currency balances at fixed exchange rates either for a fixed date or between two given dates, up to 1year forward. Forward contracts are fully flexible, meaning you can amend the settlement date forwards or backwards if circumstances change.

FX Swaps

If the timing of a future requirement differs to the maturity of an FX conversion, then we can manage this mismatch using an FX swap. You retain protection and certainty reset for a new conversion date, therefore avoiding the risk of re opening the exposure to adverse market movements.

FX Options

Premium Paid: Against the payment of an upfront non-refundable premium, customers gain protection against adverse exchange rate movements whilst retaining the flexibility to benefit from any future favourable movements or to just let the option lapse with no further commitmen.

Zero premium / structured FX Options: For corporate clients targeting a more proactive approach to their risk management strategy, we are able to provide tailored strategies where the cost of option purchased above, is offset by a limit to the flexibility of or the protection it provides

Market Orders

If you have an upcoming requirement and don’t need immediate certainty on the exchange rate, and or you wish to target or protect a particular exchange rate then placing a specific order on our platform could be for you. You determine the currency amount and set the required exchange rate, and if that exchange rate occurs at anytime day or night, your conversion will happen automatically.

Call Levels

If the market order route is too formal than you could consider leaving a simple “Call level” No automatic conversion exists, but we will let you know if a certain exchange rate is reached during London trading hours to allow you to then reconsider your next steps.