FX Retail

We harness our expertise to mitigate your business risks and balance sheet risks over short-term and medium-term horizons. Just the boost your business needs to grow.

We are a leading risk management solution provider for trade and balance sheet exposure. As a dominant hedging solutions provider, we help businesses actively manage FX fluctuations on their exposures and transform volatilities into opportunities in line with their risk appetite. Being a top-tier liquidity provider, we also offer foreign exchange services across multiple currencies and leverage our global tie-ups to achieve faster turnaround time on remittances. Through our dedicated team of foreign exchange specialists, we can provide a comprehensive range of services for your business.

Products

A corporate and institutional hedging solutions provider with cutting-edge, customized derivative products.
Currency and interest rate swap on FCY exposures like ECBs and Loans.
Vanilla and cost reduction option structure on trade exposures of corporates.
FX forward facilities for hedging, for current and capital account transactions.
FX conversion for value date Cash (same day), Tom (next working day) and Spot (2 working days).

Coverage

Dedicated FX coverage desk for corporate and institutional clients in the dealing room with senior resources.
FX coverage desk available before and after market hours, customized to cater to your specific needs.
Regular updates and forecasts from our Economics and Research team.
Available over Bloomberg and Reuters apart from over the counter phone calls.

Competitive Pricing

One of the most competitive price providers for large value deals on account of offsetting flows from local and multinational and institutional clients.
Our FX trading desk is one of the largest onshore desks.
Transparent and pre-agreed FX and hedge spreads.
Different execution styles for deal-specific requirements.

FX Live - Online FX Platform

Enables rate booking for Cash (same day), Tom (next working day) and Spot (2 working days) and Forward maturities.
Access to economic research reports and daily currency report.
Upload underlying documents for forward contracts with instant deal ticket printout.
Online forward confirmations.

Other Capabilities

Multi-currency capability with settlements in all major pairs.
Same day settlement in INR with extended cut-off timing.

Disclaimer

This information is intended only to make the recipients aware of the nature of products or services offered by Kotak Mahindra Bank Ltd. (“Kotak Bank”) and do not replace independent professional judgement. In the preparation of the material contained in this document, Kotak Bank, may have used information that is publicly available or information which may have been made available to Kotak Bank and/or its affiliates by members/persons other than the Kotak Bank and/or its affiliates, information developed in-house or a derivation thereof. Information gathered & material used in this document is believed to be from reliable sources. Due care has been taken in respect of the information developed or derived in-house. Kotak Bank, HOWEVER DOES NOT WARRANT THE ACCURACY, REASONABLENESS AND/OR COMPLETENESS OF ANY INFORMATION. For data used in this material whether received from third parties or developed in-house or otherwise, no party will assume any liability for the same. Kotak Bank and/or any affiliate of Kotak Bank does not in any way through this material solicit any offer for purchase, sale or any financial transaction/commodities/products of any financial instrument dealt in this material. The contents of the material is neither an advice, nor a view or suggestion to do or abstain from making any investment, taking any position in the financial products/markets or otherwise or as to intended consequences of any such act or abstention thereof. All recipients of this material should before dealing and or transacting in any of the products/ services referred to in this material may make their own investigation, seek appropriate professional advice. Actual results, future gains or losses could materially differ from those that have been estimated in the document due to risks or uncertainties associated with our expectations with respect to, but not limited to, exposure to market risks, general economic and political conditions in India and other countries globally, which have an impact on our services and / or investments, the monetary and interest policies of India, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other rates or prices, the performance of the financial markets in India and globally, changes in domestic and foreign laws, regulations and taxes and changes in competition in the industry. Kotak Bank (including its affiliates) and any of its officers directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of or reliance on this material in any manner. The recipient alone shall be fully responsible/ are liable for any decision taken on the basis of this material. The products/ services/ investments discussed in this material may not be suitable for all person/ entities/ investors. Any person subscribing to or investing in any product/financial instruments should do so on the basis of and after verifying the terms attached to such product/financial instrument. Financial products and instruments are subject to market risks and yields may fluctuate depending on various factors affecting capital/debt markets. Please note that past performance of the financial products and instruments does not necessarily indicate the future prospects and performance thereof. Kotak Bank (including its affiliates) or its officers, directors, personnel and employees, including persons involved in the preparation or issuance of this material may; (a) from time to time, have long or short positions in, and buy or sell the securities mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation in the financial instruments/products/commodities discussed herein or act as advisor or lender/borrower in respect of such securities/financial instruments/products/commodities; or (c) have other potential conflict of interest with respect to any recommendation and related information and opinions. The said persons may have acted upon and/or in a manner contradictory with the information contained here. No part of this material may be duplicated in whole or in part in any form and/or redistributed without the prior written consent of Kotak Bank.

What is a LIBOR rate?

LIBOR, the acronym for London Interbank Offer Rate, is an un-secured short-term borrowing rate determined by selected AA rated banks (also known as Contributor Banks). It is published for 5 currencies; British pound (GBP), Euro (EUR), US dollar (USD), Swiss franc (CHF) and Japanese yen (JPY) and for 7 different maturities, namely, overnight, 1 week, 1 month, 2 months, 3 months, 6 months and 12 months. It is published each London business day and is administered by ICE Benchmark Administration (IBA). A brief summary of the methodology followed by IBA for publication of LIBOR is provided below.

Level 1 (Transaction Based) - Where a Contributor Bank has sufficient eligible transactions, LIBOR is calculated as a volume weighted average price (“VWAP”) of such eligible transactions, with a higher weighting for transactions booked closer to 11:00 AM London time. Eligibility criteria for transactions are specified by IBA.

Level 2 (Transaction Derived) - Where a Contributor Bank has insufficient eligible transactions to make a Level 1 submission, it will seek to make a submission based on transaction-derived data, including time-weighted historical eligible transactions adjusted for market movements and linear interpolation. Eligibility criteria for transaction derived data are specified by IBA.

Level 3 (Expert Judgement) - Where a Contributor Bank has insufficient eligible transactions or transaction-derived data to make a Level 1 or a Level 2 submission, it will submit the rate at which it could fund itself at 11:00 AM London time with reference to the unsecured, wholesale funding market. Each Contributor Bank agrees its defined Level 3 submission methodology with IBA, basing its rate on transactional data, related market instruments, broker quotes and other market observations. Level 1 and Level 2 submissions are mathematically based on transaction data and the methodology is common to all contributing banks. There is no discretion for contributors.

Forex Services

Products

Coverage

Competitive Pricing

FX Live - Online FX Platform

Other Capabilities

Disclaimer

Let's Start a Conversation

Ready to take the next step?

Forex Services

Products

Coverage

Competitive Pricing

FX Live - Online FX Platform

Other Capabilities

Disclaimer

Let's Start a Conversation

Ready to take the next step?

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