Currency (foreign exchange) SWAP (FX SWAP) with client

Currency SWAP transactions with client – Foreign exchange swap is a binding agreement between the bank and the client on the simultaneous buying or selling of a specified amount of a given currency and simultaneous forward sale or purchase of the same amount of that same currency. A swap is an agreement between clients to exchange two methods of financial realization for a specified time period.

Software support enables:

  • domestic and foreign currency support,
  • interface with payment system,
  • authorization based on multi-eye, data retyping,
  • automatic processing of orders until transaction maturity,
  • daily or monthly evaluation,
  • review of all orders and printouts according to different criteria,
  • review of outstanding claims,
  • automatic processing at FX transaction contract,
  • bookkeeping of off-balance,
  • automatic processing during FX transaction,
  • daily or monthly evaluation according to MRS, reversal of evaluation according to MRS,
  • accrual of effect according to MRS or ECB reference exchange rates,
  • automatic processing at FX transaction maturity,
  • reconciliation of off-balance bookkeeping entries,
  • balance bookkeeping entries of purchased currency,
  • balance bookkeeping entries of sold currency.