Buying or selling of the right to buy or sell a specified amount of foreign currency at a specified exchange rate.
Software support enables:
- management of american and european plain vanilla currency options,
- currency options with the following barriers:
- knock out,
- knock in,
- double knock out,
- double knock in,
- knock in and knock out,
- european knock out,
- european knock in.
- open execution of MT305 (vanilla), MT306 (barrier), MT300, MT202,
- contracting of transactions with banks and legal persons,
- authorization (possibility of four eyes control),
- automatic bookkeeping of business events within daily processing,
- monthly evaluation at a fair price is executed outside of HIBIS,
- only evaluation values are inputted into the latter,
- settlement supported by direct bookkeeping into current account transactions (premium and execution) through domestic payment transactions; for other cases reconciliation of claims and liabilities with bookkeeping into / from transitional account is enabled,
- bookkeeping of exchange rate differences.