FX Today, Tomorrow and Spot

Flexible forex transaction solutions for business needs

Competitive Forex Prices

Providing foreign exchange transactions with competitive exchange rates for business needs

Easy Transaction

Transactions can be done through various service channels (Velocity, ONe Mobile and Branches)

Available in Various Currencies

Flexibility to choose currencies according to business needs

    Product 1: FX Today, Tomorrow and Spot

    Product 2: FX Forward, Swap and Option

    Product 3: FX Option Call Spread

    Product 4: Domestic Non-Deliverable Forward (DNDF)

    Product Information Summary

Interest and Fees

FX Today
There is no additional cost besides exchange rate

FX Non Today
There is no additional cost besides exchange rate, however, for MD requirements, refer to FX faciltiies provided

Other Information:

  1. Product Description

    FX Today is an FX transaction in which the completion of transaction can be done on the same day as the transaction date (T+0).

    FX Non-Today (FX Tomorrow, FX Spot dan FX Forward) is the buying/selling transaction of foreign exchange with agreed FX rate by customer and bank with completion minimum 1 business day after transaction date.

  2. Product Simulation
    1. FX Today

      Customers wants to buy/sell USD 10,000 by exchanging IDR currency for today’s date of maturity (today’s rate for USD 1 = Rp 13.000).

      Therefore, if customers purchase USD, their IDR account will be debited amounting to Rp 13.000.000, and credited into customers’ FX account amounting to USD 10.000.

      If customers sell USD, their FX account will be debited amounting to USD 10.000 and credited to IDR account amounting to Rp 13.000.000.

    2. FX Non Today
      1. Scenario Calculation with Profit Customer conducts FX purchase amounting to USD 10,000 with USD/IDR rate amounting to IDR 10.000 On settlement date, USD/IDR rate experiences an increase of IDR 10.500

        Therefore, customers will experience gain since they conduct transaction below market price, for on settlement date, customers are only required to provide IDR 100.000.000 (from what is supposed to be IDR 105.000.000

      2. 2. Scenario Calculation with Loss Customer conducts FX purchase amounting to USD 10,000 with USD/IDR rate amounting to IDR 10.000 On settlement date, USD/IDR rate experiences a decrease of IDR 9.000. Therefore, customers will make a more expensive payment, which is IDR 100.000.000 since they were conducting transaction above market price (from what is supposed to be IDR 90.000.000)

        FX Non Today

  3. Risk of Product and Other Information
    1. Market Risk
      Risks arising from movements in the value of currencies where the Customer can suffer losses if from the moment the position is opened until the transaction settlement date, the currency value always moves against the Customer's expectations
    2. Every purchase of foreign currency to the amount required in excess of USD 25,000 (per month / per CIF) the customer must submit the underlying transaction documents
  4. Facility / Channel

    Transactions can be done at all Bank OCBC NISP branch offices

  5. Complaint Procedure

    Customers can submit complaints related to products DNDF through:

    1. Call OCBC NISP di 1500 – 999 (domestic call) atau 021-26506300 (overseas call)
    2. Contact Relationship Manager (RM)
    3. Email to callcenter@ocbcnisp.com
    4. Click www.ocbcnisp.com

Term and Condition

FX Today:
  1. Indonesian citizen with ID Card (KTP)/Passport/Driving License (SIM)
  2. Foreigner with KIMS/KITAS/KITAP (Government-issued permit to work or stay in Indonesia legally)
  3. Sign the statement letter of FX purchase from Rupiah for purchase of FX from Rupiah
  4. Must have FX account in Bank OCBC NISP that is opened in branch office
FX Non Today:
  1. Indonesian citizen with ID Card (KTP)/Passport/Driving License (SIM)
  2. Foreigner with KIMS/KITAS/KITAP (Government-issued permit to work or stay in Indonesia legally)
  3. Sign the statement letter of FX purchase from Rupiah for purchase of FX from Rupiah
  4. Must have FX account in Bank OCBC NISP that is opened in branch office
  5. For FX Non-Today transaction, customers must sign the agreement document of the giving of FX transaction facility (for first time only). For the next FX Non-Today transactions, customers need to complete FX transaction placement form with guarantee and customers need to be in good fund

Disclaimer

  1. You hereby acknowledge that you have read, received explanation and understood the product and/or service as specified in this Summary of Product and/or Service Information (“Summary”) and have informed, understood and accepted any consequences of product and/or service including all inherent benefits, risks and costs.
  2. This Summary is intended only as an information and does not aim to be a basis for investment decisions. Past performance is not an indication of future performance. Any proposal documents for investment related products, must be studied further. Any projections, opinions or other statistical facts displayed in this information are only an indication and are not guaranteed in any form. You must determine your own decisions in accordance with the needs and investment strategies by considering legal, tax and accounting issues. Based on good intentions and moral responsibility, Bank OCBC NISP and each of its employees are not responsible for any direct or indirect losses, or as a consequence arising from the use of and dependence on this information in an investment decision.
  3. Bank OCBC NISP reserves the right to reject your product and/or service application if it does not fulfil the requirements and the application of laws and regulations.
  4. You have to carefully read this Summary and contact Bank OCBC NISP if there are further queries in respect of the product and/or service contained in this Summary.
  5. This Summary has been adjusted to be in accordance with the provisions of regulations including the regulations of Financial Service Authority.

This Summary is made in English and Bahasa Indonesia, and in the event of inconsistency between the version, Bahasa Indonesia shall prevail.

PT Bank OCBC NISP Tbk terdaftar dan diawasi oleh OJK dan merupakan peserta penjamin LPS

Interest and Fees

There is no interest or fee charged to customer

Other Information

  1. Product Description

    FX Forward is the buying/selling transaction of foreign currencies with exchange rate that is determined during time of transaction, with payment and delviery on a certain date that is 2 (two) days after transaction date.
    This transaction allows Customers protection against future exposure risk of FX with respect to exchange rate fluctuations.

    FX Swap is the simultaneous buying and selling transactions of a certain currency in the same principal amount on the same time with respect to the buying and selling of other currencies for 2 (two) different dates, using an agreed swap price.
    FX Swap, cash flow wise, is the same when customers borrow funds in 1 (one) currency and at the same time lend funds in other currencies where the difference in interest rates is reflected in the difference of exchange rates.

    FX Option is the agreement of giving of options to buyer to purchase or sell a certain currency using certain exchange rate on a predetermined period. Buyer has the right (not obligation) to execute the option. The buyer must pay the premium for the giving of option to the publisher/seller of option

    There are several Option types, which are:

    1. Based on type:
      • Call Option: Option to buy
      • Put Option: Option to sell
    2. Based on execution time:
      • AMERICAN OPTION: Anytime
      • EUROPEAN OPTION: On Fixing Day/Expiry
  2. Risk Product and Other Information
    1. Market Risk
      Risks arising from movements in the value of currencies where the Customer can suffer losses if from the moment the position is opened until the transaction settlement date, the currency value always moves against the customer's expectations
    2. Every purchase of foreign currency with respect to IDR for FX Forward transaction with value amounting to USD 100,000 or more, the customer must submit the underlying transaction documents
    3. Each currency sold with respect to IDR requires underlying transaction for:
      • Equal to USD 5,000,000 or more (for FX Forward transaction) each transaction
      • Equal to USD 1,000,000 or more (for FX Option transaction) each transaction
  3. Product Simulation
    1. FX Forward Product Simulation

      Customers can do purchase transaction of USD with respect to IDR.

      • On August 20, 2018, PT ZYZ receives invoice in USD from international supplier with nominal of USD 1,000,000 and date of maturity of October 20, 2018
      • PT ZYZ intends to immediately do hedging over the respective USD obligation to mitigate risk of loss due to the movement of exchange rate on market.
      • Spot exchange rate for Bank position to sell USD for IDR on August 20, 2018 is 14,500. Swap point for tenor 2 months is +210 points.
      • Therefore, Forward exchange rate for customers to buy USD 1,000,000 on October 20, 2018 amounts to 14,710 (spot 14,500 + swap point 210).
      Scenario A – Customers experience gain:

      If on October 20, 2018, market exchange rate is 15,000, then customers will earn profit since they transacted below market price.
      Customers’ IDR account will be blocked on the transaction date and will be debited by IDR 14,710,000,000 from what was supposed to be IDR 15,000,000,000 (if utilizing market price), on October 20, 2018

      Scenario B – Customers experience loss:

      If on October 20, 2018, market exchange rate is 14,000, then customers will experience a loss since they transacted above the market price.
      Customers’ IDR account will be blocked on the transaction date and will be debited by IDR 14,710,000,000 from what was supposed to be IDR 14,000,000,000 (if utilizing market price), on October 20, 2018

    2. FX Swap Transaction Simulation

      FX Swap

      PT XYZ needs to make a payment in IDR to a supplier in Indonesia, while currently PT XYZ has an excess USD, which in 1 month will be used to pay foreign suppliers. For PT XYZ to be able to pay its bills to the Indonesian and foreign suppliers, PT XYZ needs to do swap transaction with 1-month tenor on the following month. 1-month tenor on the following month.

      Spot Rate USD/IDR 13,880
      Swap poin 1 bulan 100
      Expiry Date 1 month
      Nominal USD 1,000,000

      On the transaction date, customers will sell USD for IDR amounting to USD 1,000,000 with spot rate at 13,880 (1st leg)

      Meanwhile on the maturity date, customers will purchase USD for IDR amounting to USD 1,000,000 with spot rate at 13,980 (13,880 + 100) (2nd leg)

    3. FX Option Product Simulation

      PT XYZ needs to buy USD on the next 3 months amounting to USD 10 mio. Thus, PT XYZ contacted OCBC NISP to do hedging. However, due to the fluctuation of USD, PT XYZ decides to buy Option. Below is the quotation earned:

      Spot Rate USD/IDR 14,000
      Strike price 14,080
      Expiry Date 92 hari
      Premium USD 2.5% flat
      Option Type European

      On the Spot date (D+2 from transaction date), customers will make a premium payment of USD 250,000 (2.5% x USD 10 mio) to OCBC NISP Bank.

      Therefore, on Expiry Date:

      • If Spot Rate USD/IDR is below 14,080, PT XYZ will not exercise the option bought at 14,080 and will do Spot transaction on market price
      • If Spot Rate USD/IDR is below 14,080, PT XYZ will exercise the option bought.

      Terminology:

      • Spot Rate: exchange rate on FX Spot
      • Strike Price: agreed exchange rate
      • Expiry Date: last date the option is valid
      • Settlement Date: delivery date
      • Option Premium: premium paid
      • Tenor: option period
  4. Facility / Channel

    Transaction can only be conducted through phone recording with Treasury Advisory with FX Specialist on each area. Customers can contact Relationship Manager (RM) for further information regarding this product.

  5. Complaint Procedure

    Customers can submit complaints related to products through:

    1. Call OCBC NISP di 1500 – 999 (domestic call) atau 021-26506300 (overseas call)
    2. Contact Relationship Manager (RM)
    3. Email to callcenter@ocbcnisp.com
    4. Click www.ocbcnisp.com

Terms and Conditions

  1. Must sign "PERJANJIAN PEMBERIAN FASILITAS TRANSAKSI VALUTA ASING" document on stamp (once every facility extension)
  2. Write down initials on each pages of "PERJANJIAN PEMBERIAN FASILITAS
  3. Owns a relation account for IDR and Foreign currencies (Current account* or Multicurrency)
  4. Has FX Line facility

Disclaimer

  1. You hereby acknowledge that you have read, received explanation and understood the product and/or service as specified in this Summary of Product and/or Service Information (“Summary”) and have informed, understood and accepted any consequences of product and/or service including all inherent benefits, risks and costs.
  2. This Summary is intended only as an information and does not aim to be a basis for investment decisions. Past performance is not an indication of future performance. Any proposal documents for investment related products, must be studied further. Any projections, opinions or other statistical facts displayed in this information are only an indication and are not guaranteed in any form. You must determine your own decisions in accordance with the needs and investment strategies by considering legal, tax and accounting issues. Based on good intentions and moral responsibility, Bank OCBC NISP and each of its employees are not responsible for any direct or indirect losses, or as a consequence arising from the use of and dependence on this information in an investment decision.
  3. Bank OCBC NISP reserves the right to reject your product and/or service application if it does not fulfil the requirements and the application of laws and regulations.
  4. You have to carefully read this Summary and contact Bank OCBC NISP if there are further queries in respect of the product and/or service contained in this Summary.
  5. This Summary has been adjusted to be in accordance with the provisions of regulations including the regulations of Financial Service Authority.

This Summary is made in English and Bahasa Indonesia, and in the event of inconsistency between the version, Bahasa Indonesia shall prevail.

PT Bank OCBC NISP Tbk terdaftar dan diawasi oleh OJK dan merupakan peserta penjamin LPS

Interest and Fees

  1. The customer will be charged a premium fee at the time of the transaction, where the amount of the fee will be determined by market price
  2. Customers will incur additional premium fees when customers are required to do dynamic hedging

Other Information

I. Product Description

Call Spread Option (CSO) is a structured product with combination of buy call options and sell call options carried out simultaneously in one transaction contract with different strike prices and same nominal

II. Product Simulation

Company ABC will do Call Spread Option (CSO) USD/IDR with detail transaction as follows:

Transaction Nominal     : USD 2,000,000
Strike Price 1                : 13,500
Strike Price 2                : 15,000
Tenor                            : 1 year
Underlying transaction : Loan in USD 2,000,000

  1. CSO Transaction executed
    When the Call Spread Option transaction matures, the market rate is at the level of USD / IDR 13,800.00 so that company ABC exercises the Call Spread Option transaction and purchases foreign currencies against the rupiah through Spot Transactions at strike price 1 of USD / IDR 13,500.00
  2. CSO Transaction not executed
    When the Call Spread Option transaction matures, the market exchange rate is at the level of USD / IDR 13,000 and PT ABC does not exercise the Call Spread Option transaction, and makes foreign exchange purchases against the rupiah through Spot buying transactions at the market rate of USD / IDR 13,000 with a nominal value of USD 2,000,000.00 (two million United States dollars). PT ABC may use the same Underlying Transaction as the initial Call Spread Option Underlying Transaction in the form of a loan to conduct the said Spot Transaction
  3. Dynamic Hedging Transaction
    PT ABC conducted a Call Spread Option transaction with a strike price 1 of USD / IDR 13,500.00 and a strike price 2 of USD / IDR 15,000.00, with a tenor of 3 (three) years with Underlying Transactions in the form of foreign debt. If in the second year PT ABC assesses that the rupiah exchange rate will be greater than the strike price 2 of USD / IDR 15,000.00, then PT ABC conducts the next Call Spread Option (dynamic hedging) transaction with a strike price 3 equal to the strike price 2 set up in the Initial transactions, which is, USD / IDR 15,000.00 and strike price 4 of USD / IDR 16,000.00

III. Risk of Product and Other Information
  1. Market Risk
    Risk arises due to fluctuation or movement of the reference instruments (exchange rate and interest rate)
  2. Credit Risk
    Risks that arise if a customer is unable to meet his obligations in accordance with the facilities provided, the Bank has the right to liquidate the customer's position and all costs that may arise will be charged to the customer. The bank also has the right to propose additional collateral if the assets and market value of the product are insufficient for the market value
  3. Settlement Risk
    Interference or failure during the settlement process which can cause delays in settlements outside the Bank's control. The customer may be asked to bear the loss or costs incurred because of a pending settlement

IV. Facility / Channel

Transaction can only be performed with Treasury Advisory or contact the Relationship Manager (RM) for more information related to this product


V. Complaint Procedure

Customers can submit complaints related to products through:

  1. Call OCBC NISP di 1500 – 999 (domestic call) atau 021-26506300 (overseas call)
  2. Contact Relationship Manager (RM)
  3. Email to callcenter@ocbcnisp.com
  4. Click www.ocbcnisp.com

Requirements

Terms and Condition
  1. Customer must sign CSO trade confirmation for every transaction.
  2. Customer must have limit to do CSO which will be given by Relationship Manager
  3. Customer must provide Underlying Document and Suitability to do CSO
  4. Customers may be liable for dynamic hedging if they meet the requirements in applicable regulations

Disclaimer

  1. You hereby acknowledge that you have read, received explanation and understood the product and/or service as specified in this Summary of Product and/or Service Information (“Summary”) and have informed, understood and accepted any consequences of product and/or service including all inherent benefits, risks and costs.
  2. This Summary is intended only as an information and does not aim to be a basis for investment decisions. Past performance is not an indication of future performance. Any proposal documents for investment related products, must be studied further. Any projections, opinions or other statistical facts displayed in this information are only an indication and are not guaranteed in any form. You must determine your own decisions in accordance with the needs and investment strategies by considering legal, tax and accounting issues. Based on good intentions and moral responsibility, Bank OCBC NISP and each of its employees are not responsible for any direct or indirect losses, or as a consequence arising from the use of and dependence on this information in an investment decision.
  3. Bank OCBC NISP reserves the right to reject your product and/or service application if it does not fulfil the requirements and the application of laws and regulations.
  4. You have to carefully read this Summary and contact Bank OCBC NISP if there are further queries in respect of the product and/or service contained in this Summary.
  5. This Summary has been adjusted to be in accordance with the provisions of regulations including the regulations of Financial Service Authority.

This Summary is made in English and Bahasa Indonesia, and in the event of inconsistency between the version, Bahasa Indonesia shall prevail.

PT Bank OCBC NISP Tbk terdaftar dan diawasi oleh OJK dan merupakan peserta penjamin LPS

Other Information

I. Product Description

Domestic Non- Deliverable Forward (DNDF) is an alternative hedging transaction that can be used by customers who have exchange rate risk. DNDF transactions are foreign exchange derivative transactions against the rupiah in the form of forward transactions with a fixing mechanism conducted on the domestic market with the transfer of funds made within more than 2 (two) working days after the date of the transaction

Fixing Mechanism is a transaction settlement mechanism without the movement of principal funds by calculating the difference between the Forward Transaction rate and the reference rate on a certain date specified in the contract (fixing date)

All DNDF transactions must be accompanied by an underlying document except for foreign exchange sales transactions through DNDF with a nominal value of up to USD 5,000,000.00 or its equivalent per transaction for each customer

II. Product Simulation

Example of DNDF Transaction:

  1. Profit Calculation Scenario
    The customer makes a DNDF purchase transaction of USD 1,000,000 for a period of 1 month at an exchange rate of USD / IDR 14,000. On the fixing date, the JISDOR reference rate is IDR 14. 100. Thus, customers will get a foreign exchange difference of IDR 100,000,000 where the exchange rate difference comes from (IDR 14,100 - IDR 14,000) x USD 1,000,000

  2. Loss Calculation Scenario
    The customer makes a DNDF purchase transaction of USD 1,000,000 for a period of 1 month at an exchange rate of USD/IDR 14,000. On the fixing date, the JISDOR reference rate is IDR 13,900. Thus, customers will pay a foreign exchange difference of IDR 100,000,000 where the exchange rate difference comes from (IDR 13,900 - IDR 14,000) x USD 1,000,000

  3. Standard Calculation Scenario
    The customer makes a DNDF purchase transaction of USD 1,000,000 for a period of 1 month at an exchange rate of USD / IDR 14,000. On the fixing date, the JISDOR reference rate is IDR 14.000. Thus, no settlement on the value date.

III. Risk of Product and Other Information
  1. Market Risk
    Risks arising from movements in the value of currencies where the Customer can suffer losses if from the moment the position is opened until the transaction settlement date, the currency value always moves against the customer's expectations

  2. Customer transaction cannot be roll over or early termination. The transaction can only be un wind

IV. Facility / Channel

Transaction can only be performed with Treasury Advisory or contact the Relationship Manager (RM) for more information related to this product

V. Complaint Procedure

Customers can submit complaints related to products through:

  1. Call OCBC NISP di 1500 – 999 (domestic call) atau 021-26506300 (overseas call)
  2. Contact Relationship Manager (RM)
  3. Email to callcenter@ocbcnisp.com
  4. Click www.ocbcnisp.com

Requirements

Terms and Conditions
  1. Must have an account at Bank OCBC NISP
  2. Sign an FX Agreement
  3. The customer must submit underlying documents for all nominal DNDF transactions in the form of foreign exchange purchases and foreign currency sales with a value above USD 5,000,000

Disclaimer

  1. You hereby acknowledge that you have read, received explanation and understood the product and/or service as specified in this Summary of Product and/or Service Information (“Summary”) and have informed, understood and accepted any consequences of product and/or service including all inherent benefits, risks and costs.
  2. This Summary is intended only as an information and does not aim to be a basis for investment decisions. Past performance is not an indication of future performance. Any proposal documents for investment related products, must be studied further. Any projections, opinions or other statistical facts displayed in this information are only an indication and are not guaranteed in any form. You must determine your own decisions in accordance with the needs and investment strategies by considering legal, tax and accounting issues. Based on good intentions and moral responsibility, Bank OCBC NISP and each of its employees are not responsible for any direct or indirect losses, or as a consequence arising from the use of and dependence on this information in an investment decision.
  3. Bank OCBC NISP reserves the right to reject your product and/or service application if it does not fulfil the requirements and the application of laws and regulations.
  4. You have to carefully read this Summary and contact Bank OCBC NISP if there are further queries in respect of the product and/or service contained in this Summary.
  5. This Summary has been adjusted to be in accordance with the provisions of regulations including the regulations of Financial Service Authority.
    This Summary is made in English and Bahasa Indonesia, and in the event of inconsistency between the version, Bahasa Indonesia shall prevail.
    PT Bank OCBC NISP Tbk terdaftar dan diawasi oleh OJK dan merupakan peserta penjamin LPS
FX Today, Tomorrow and Spot
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Domestic Non-Deliverable Forward
Domestic Non-Deliverable Forward

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