HBL
FX comprising of InterBank Desk and TMU provides
its customers a whole spectrum of FX Products available
in the Market .HBL's extensive network of branches
and correspondents all over the world and volumes
in most of the active currencies in the market ensure
best possible rates and smooth delivery across the
globe for all types of FX Clients. The products
offered are:
Treasury
Marketing Unit (TMU) provides all corporate
and commercial customers up to date
market rates for all transactions equal
or equivalent to US $5,000/- and above
in the third currencies as well. Rates
on the rate sheet are applicable for
amounts less than US $5,000/- or equivalent.
In addition to the ready transactions,
customers can book their forward exposure
through forward sale/purchase transaction
for which the rates are provided by
treasury.
Customers
can book their Forex exposure in the
forward to hedge themselves against
any volatility in USD or any other currency.
The forward can be booked till six months
both with full and fixed option.
Exporters
can book rates for their documents whose
proceeds are to be received in the future
whether it is against an L/C or Contract.
The facility helps protect the exporter
against unfavorable rate movement and
can use it as a hedging instrument.
Customers
can present their export bills and avail
rupee facility the same day. The bank
purchases the documents and gets dollars
as per maturity of bills ranging from
12 days to 180 days. All deals irrespective
of the amount/currency regarding needs
to be registered on telephone with the
TMU.
Foreign
Currency Finance (FCF) facility is the
product developed for Exporters to take
advantage of loan in foreign currency
on LIBOR based interest rate for the
period of maximum six months.
Foreign
Currency Import Finance (FCIF) facility
is the product developed for Importers
to take advantage of loan in foreign
currency on LIBOR based interest rate
for the period of maximum six months.
This facility is obtained against DA
or Sight L/C and can be adjusted within
the financing period on the prevailing
spot rate.
FCBP
facility is offered to our export customers
with outstanding foreign currency finance.
The loan is adjusted by discounting
the bill amount of the export document
with respect to the specified tenor
at LIBOR plus spread.
