- can be used for temporary financing in another currency
- used for maturity extension of already made forwards
- currency risk elimination by exchange rate fixing
Since currency fund is a deposit in one currency and a loan in another currency of a given currency pair, exchange rate of the reverse conversion reflects interest income and expense of the two given transactions.
- signed Treasury Business Conditions
- minimum volume equivalent to EUR 30,000
- maturity period 3 - 365 days
- deal made between 8.30am and 4.00pm