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Banque Cantonale de Genève
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1211 Genève 2

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The "ForXchange by BCGE" platform

The "ForXchange by BCGE" platform

Banque Cantonale de Genève is giving its business customers access to a forex platform with a modern and flexible interface.

The Forex market with BCGE

Many companies, whether small, medium-sized or large, need to carry out foreign exchange transactions, either because they operate beyond their home countries or because they import products and services that have to be paid for in the supplier's currency.
To meet the needs of these customers, BCGE has teamed up with a Geneva-based FinTech firm to develop its own platform, ForXchange by BCGE.

The "ForXchange by BCGE" platform

This platform is primarily aimed at SMEs and corporates, particularly those that do business in other countries, helping them manage their foreign currency activities. Using ForXchange by BCGE, customers can trade in the main currency pairs and precious metals at preferential rates, and execute spots, forwards and swaps in real time throughout extended trading hours.

  Advantages Further information To contact us 
Advantages

The "ForXchange by BCGE" platform offers a number of advantages

ForXchange by BCGE
The "ForXchange by BCGE" application is a platform for trading in the main currency pairs and precious metals. The currencies on offer are those most widely traded in the forex market. They are traded in real time via accounts corresponding to the relevant currency pairs. Our full range of precious metals – namely gold, silver, platinum and palladium – can be traded in ounces against the US dollar, in line with market practice, as well as in a metals account. The plateform is available free of charge from BCGE Netbanking.

Forex – real-time exchange rates

Exchange rates result from simultaneous purchases and sales of combinations of two distinct currencies, known as "currency pairs". They reflect the economic environment, global politics, interest-rate trends, international trade and speculative activity. Customers can take advantage of volatility and enter into hedging transactions if rates move against them, making it easier to manage their risk.

With "ForXchange by BCGE", customers are offered the best available market rate for the transaction in question and based on a predefined profile, guaranteeing optimum trading flexibility relative to currency forwards.
ForXchange by BCGE

Further advantages

  • A platform dedicated solely to forex with an adjustable working environment
  • Transactions processed 24 hours a day, 6 days a week
  • Management of limit orders; real-time consultation of market prices; access to transaction history
  • All transactions visible in the relevant account
  • Hedging transactions at competitive exchange rates
Further information

An offering focused on the essentials

The currencies available on the "ForXchange", platform are those most widely traded in the forex market. They are traded in real time via accounts corresponding to the relevant currency pairs.

Our full range of precious metals – namely gold, silver, platinum and palladium – can be traded in ounces against the US dollar, in line with market practice, as well as in a real account.

For each currency/metal traded, a corresponding BCGE account must be open and available.

Currencies available

Name of currency Symbol Name of currency Symbol
Swiss franc
CHF
Danish krone
DKK
Euro
EUR
Hong Kong dollar
HKD
US dollar
USD
Norwegian krone
NOK
Pound sterling
GBP
New Zealand dollar
NZD
Japanese yen
JPY
Swedish krone
SEK
Australian dollar
AUD
Singapore dollar
SGD
Canadian dollar
CAD
South African rand
ZAR


Precious metals available

Precious metals Symbol Precious metals Symbol
Gold
XAU
Silver
XAG
Palladium
XPD
Platinum
XPT


Possible transactions

Transactions in foreign currencies and precious metals
Spot (Outright) forward Swaps**
Purchase or sale of one currency against another at the market rate*.
Purchase or sale of one currency against another at the market rate
Deferred settlement, requiring a limit for currency forwards or funds held in an escrow account for the duration + mark to market
A combination of a spot and a forward transaction that makes it possible to:
  • extend/shorten a spot or forward transaction
  • invest in another currency at a guaranteed exchange rate.

* Under market standards, spot transactions are booked immediately and settled two business days after the trade date (except for CAD/USD trades, which are settled after one business day). Depending on the currencies involved and market liquidity, the ForXchange platform offers same-day or next-day settlement.
** Swap points represent interest-rate differences between the two currencies in question, calculated on a pro rata basis over the duration of the transaction.

Trading hours

ForXchange by BCGE
All times are stated in GMT and are indicative only. Please remember to take into account time zone differences.

The "ForXchange by BCGE" platform is available to customers throughout this period, in practice from 10:00 PM on Sunday to 10:00 PM on Friday (please remember to take into account time changes).

Coefficient Margin

Customers wishing to enter into currency forwards must have a "margin" available, either in cash or in the form of a credit limit. This corresponds to the amount of funds needed to place an order. It is expressedas a percentage of the total order value.

Transaction Instruments Margin
Currencies:
Spot, Forward, Swap
(Currency to be received)
CAD, EUR, GBP, USD, CHF
3%
DKK, HKD, JPY, NOK, SEK, SGD
4%
AUD, NZD, ZAR
6%
Metals:
Spot, Forward, Swap
(Whenever any leg is in metal)
XAU
4%
XAG, XPD, XPT
6%

Margins are indicative only. They are set by the bank and adjusted regularly according to the market environment.

ADMINISTRATIVE SUPPORT

For all administrative questions linked to passwords and concerning access to the forex platform, our helpline is available from 07:30 on Monday to 19:30 on Friday.

Contact us
  • By telephone : 058 211 21 00 (calls are recorded)
  • By e-mail

TECHNICAL SUPPORT

For all technical questions concerning use of the forex platform, our helpline is available from midnight on Sunday to 22:00 on Friday.

Contact us

Exchange rates

18.08.2017

EUR EUR Atm 1.147 
EUREUR 1.1592 cours euro en baisse
USDUSD1.0040 cours usd en baisse
GBPGBP1.2957 cours usd en hausse
YENYEN0.9192 cour du yen en hausse
EUR EUR Atm 1.115 
EUREUR1.1026 cours euro en baisse
USDUSD0.9194 cours usd en baisse
GBPGBP1.1770 cours usd en hausse
YENYEN0.8485 cour du yen en hausse

Indicative informations

BCGE group investment strategy

Stock market report (French only)

Stock market prices

BCGE 162.80 -0.06% cours en baisse
SMI 8,874.35 -0.79% cours en baisse
cours action bcge Data source: SIX Financial Information SA
© 1999-2017 BCGE
   Banque Cantonale de Genève
   Case postale 2251
   1211 Genève 2
   Tél: 058 211 21 00