Frequently Asked Questions about Extended Flexi Multi Currency Transaction Forward
What is Extended FMCT Forward?
Extended FMCT Forward is a transaction to sell certain currencies to USD even though the customer does not have the currency (Short Selling). Extended FMCT Forward is available in a variety of currency options traded at OCBC except IDR, SGD, and Exotic Currencies
Customer must submit Cash Margin as collateral with minimum of 100% equivalent to the value of the Extended FMCT Forward transaction done by customerv
What are the benefits of this product?
Ease of transaction, since it can be transacted anywhere in all OCBC branch offices, with a relatively low minimum nominal transaction placement, and flexibility since it is available in a variety of currency options, which allows customers to take advantage of market momentum
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