BESPOKE CURRENCY STRUCTURES
A bespoke solution for your currency trading structures.
That's what we offer: a wide range of currency trading structures to minimise the consequences of exchange rate fluctuations in commercial transactions, but tailored specifically to your company's needs.
Two structural models with different possibilities
Purchase of Options
These leave open the possibility of benefiting from a more favourable market exchange rate in return for paying a premium, as they give you the right, but not the obligation, to exercise the option at maturity.
Structures with fulfilment obligation
Combinations of different option structures that offer a more competitive market rate but entail an obligation to fulfil the transaction.
- Forward plus
- Extendable forward
- EKOs
- AKOs
- Simple accumulator
- Leveraged accumulator
Terms and conditions for bespoke currency structures
Terms and conditions
- Customised structures are available for deliverable currencies only.
- The duration is usually from 3 to 24 months.
- Settlement occurs by differences or by delivery of the insured currency.
- To enter into these structures, you must hold two accounts in the currencies being traded.
Useful information
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You can find pre-contractual information about PRIIP investment products and key information documents at https://www.bankinter.com/banca/nav/documentos-datos-fundamentales.
FX structures require a risk classification and authorisation from Bankinter before they can be entered into.
The customer must finalise all contracts prior to entering into them; in other words, before entering into a bespoke structure, the following documentation must be in force:
- - LEI (Legal Entity Identifier) questionnaire
- - MiFID
- - DERIVATIVES risk
- - Contract for access to the Treasury Trading Desk (MDX).
Structures that are subject to mandatory compliance involve a degree of uncertainty regarding the nominal amount that will ultimately be settled at maturity, as this is determined by the barriers established at the start of the transaction. In particular, structures that include trigger events are only eligible for settlement at maturity, as the final outcome depends on the fulfilment of the agreed conditions.