FX CONTRACT BOOKING

Need an Edge? It Is Time to Hedge!

Why you’ll love this:
Who can use:

Why you’ll love this:

Get real-time Foreign Exchange rates

Book the rates that work best for your business

Enjoy instant conversion over your Business Accounts

Available from 09:00 AM to 03:30 AM, Monday to Friday

Who can use:

Available to all OCBC Business Banking customers through OCBC Velocity

Book now

Discover live Foreign Exchange (FX) rates you can easily lock in on OCBC Velocity – secure your rates today!

WHY SHOULD YOU BOOK YOUR FX RATES ONLINE?

FX Online helps mitigate the risks of currency fluctuations and uncertainty, making it well-suited for companies that:

Import or export goods and services
Have Foreign Currency Accounts
Send international payments
Want greater cash flow certainty to improve budgeting and achieve financial objectives in international markets

BENEFITS OF BOOKING YOUR FX RATES ONLINE

Certainty

Access live streaming rates in real time for greater accuracy

Control

Book the rate that suits your business needs, minimizing exposure to foreign exchange fluctuations.

Choice

15 major currencies to choose from: USD, EUR, AUD, GBP, HKD, CNH, CHF, JPY, NZD, THB, CAD, NOK, SEK, DKK, and SGD.

Convenience

You can book securely on OCBC Velocity or the OCBC Business App, from 09:00 AM to 03:30 AM, Monday to Friday.

HOW TO BOOK FX ON OCBC VELOCITY

You have the opportunity to get real-time Foreign Exchange rates and book the rates that work best for your business. In this video, we will guide you through the process of booking FX contracts on OCBC Velocity.

Want to dive in? Have us help you get started today!

GET STARTED ON OCBC VELOCITY

Booking FX Contracts

1

You have to log in to OCBC Velocity and access FX Online. You can do this through one of the following paths (either one could do):
(1) Accounts > Overview
(2) Accounts > Statement
(3) Transactions > Make a transfer to an OCBC Bank Account (Hong Kong / Macau)
(4) Transactions > Make a transfer to a bank locally
(5) Transactions > Make a transfer to a bank overseas

Once you are there, click on “Book FX Contract.”

2

You can choose the currency pair that you would like to buy or sell and enter the amount required. Then, select “Get Started” and follow the on-screen instructions.

3

Once successful, you will receive a confirmation with your contract details. To view your contract(s), simply click on “View FX Contracts.”

BEFORE YOU APPLY

Terms and Conditions

Standard Terms and Conditions Governing Foreign Exchange Transactions

*This service is available for Standard and Premium OCBC Velocity service packages only. If you are using a different package, please contact your Relationship Manager for assistance.

Foreign currency transaction involves currency risks. The fluctuations in foreign currency rates have an impact on the profit/loss and the financial investment where the foreign exchange transaction is denominated or settled in a different currency from the currency where you carry on your ordinary business or keep your accounts.

READY TO BOOK?

Lock in Your FX Rates on OCBC Velocity

Login and secure your FX rates now!

You can now view all available service packages.

FAQs

Common questions

Can I Book an FX Contract for a Forward Settlement Date?

You have the ability to book an FX contract for a forward settlement date on Velocity if you have FX credit facilities. Please note that you may need to fulfill the credit assessment requirements of our bank and sign relevant documents and agreements. For more details, feel free to contact your Relationship Manager!

Can I Remit Out the Converted Currencies?

You have the option to convert currencies in your accounts and then remit the converted currency from your account.

Service Package

Whether you are a small business with simple banking needs or an organisation with complex control and approval structures, OCBC Velocity will cater to your needs.

Basic	Standard	Premium (with standard limit)	Premium
1 user or more View account balances and statements only	1 user or more View account balances, statements and trade finance portfolio* * If trade account is tagged Perform transactions: Make local/overseas transfers Receive notifications Manage beneficiary payee & payer list Manage template	At least 2 users consisting of: Maker: Create transaction: Make local/overseas transfers Receive notifications Manage beneficiary payee & payer list Manage template Approver: 1 person can approve a transaction OR 2 persons required to jointly approve a transaction	Customised users control Access control and approval structure that caters to your company's need