ForXchange by BCGE: e-forex platform
BCGE's ForXchange platform is designed to fit the needs of companies carrying out foreign exchange transactions. It ensures autonomous and secure execution of the foreign currencies transactions.
- A foreign exchange solution allowing real-time execution
- A tool automatically delivering foreign currencies on the accounts
- A platform offering an extended panel of order types to fit the needs of most companies
Online Access
Many companies, no matter the size, deal with foreign currencies when they are active beyond their borders or when they import and export products and services.ForXchange by BCGE is an innovative solution adapted to corporate transactions.
Companies have access to real time interbank liquidity and have it delivered on their accounts under BCGE conditions.
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| Advantages | Further information | Fees and conditions | Contact us |
Advantages
A competitive platform
ForXchange by BCGE processes the most widely traded currency pairs on the foreign exchange market, including the Swiss franc, the euro, the dollar (US and Canadian), the pound sterling and the Japanese yen, as well as precious metals (gold, silver, platinum, palladium).Orders are executed in real time and are immediately posted to your accounts.
With ForXchange, you benefit from one of the best current exchange rates depending on the transaction and your user profile.
Real-time execution of your spot, forward and swap transactions
Exchange rates are the result of the simultaneous purchase and sale of two separate currencies called "currency pairs". They reflect the economic context, interest rate developments, international trade and speculative activity. Real-time access to market exchange rates allows you to take advantage of their variations. You can also protect yourself against possible adverse price movements by hedging.This helps you to manage your exchange rate risks more easily. Find details of the possible operations under the "further information" tab.
Posted directly to your BCGE account
As opposed to online brokers, BCGE allows you to post your foreign exchange transactions directly to your BCGE accounts. To buy or sell one currency against another, you simply need to have accounts in each of these currencies with our bank. You can use the available amounts (cash and credit) to carry out your transactions.In addition, you instantly have an overview of your spot transactions from your online solutions in Netbanking.
Autonomy, speed and flexibility
Easy to use, the platform is modular and adapted to your needs; in order to view the best offered exchange rates and buy the underlying liquidity, you just select the currency pair, the amount and the delivery date that concerns you.
This user-friendly design makes it easy to execute orders quickly and safely.
You can access ForXchange using your Netbanking login: a single login is all it takes. The ForXchange environment can also be shared by several Netbanking users.
The specialists at our Business e-solutions centre will assist you in the installation of the ForXchange platform and will provide you with all the necessary support in its daily use.
Contact your BCGE adviser to arrange a demonstration of the platform at a BCGE branch or at your premises.
Further information
Available currencies and metals
The ForXchange platform offers the most widely used currency pairs. Transactions are immediately posted to your accounts.The client must have an open and active account for each currency/metal processed.
| Name of the currency | Symbol | Name of the currency | Symbol |
|---|---|---|---|
Swiss franc |
CHF
|
Danish krone1
|
DKK
|
Euro |
EUR
|
Hong Kong dollar1
|
HKD
|
US dollar |
USD
|
Norwegian krone1
|
NOK
|
Pound sterling |
GBP
|
New Zealand dollar1
|
NZD
|
Japanese yen |
JPY
|
Swedish krona1
|
SEK
|
Australian dollar1 |
AUD
|
Singapore dollar1
|
SGD
|
Canadian dollar |
CAD
|
South African rand1
|
ZAR
|
1 On request from your adviser
| Precious metals | Symbol | Precious metals | Symbol |
|---|---|---|---|
Gold
|
XAU
|
Silver
|
XAG
|
Palladium
|
YPD
|
Platinum
|
XPT
|
Depending on market practice, our entire range of precious metals can be traded in ounces against USD via precious metal accounts.
Possible operations
| Spot transaction* | Forward outright transaction | Swap transactions** |
|---|---|---|
Buying or selling one currency against another:
|
Buying or selling one currency against another at the market rate. Deferred delivery date, requiring a limit for forward foreign exchange transactions. |
Back and forth transaction mixing either spot and term transactions or only term transactions. These are meant for:
|
* In standard market practice, a spot transaction is posted immediately with a maturity of 2 business days. According to the currencies and market liquidity, the ForXchange platform enables you to have same-day or one-day maturities.
** Swap points are the difference between the two currencies interest rate spreads on the holding period.
Fees and conditions
Conditions necessary to use ForXchange by BCGE :
- Have a Netbanking access
- Hold accounts in the trading currencies.
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
- By telephone : 058 211 21 22 (calls are recorded)
- By e-mail : ForXchange@bcge.ch
