These are foreign exchange deals that are a binding obligation to buy or sell a certain amount of foreign currency at a pre-agreed rate of exchange on an agreed future date, usually within a two year period.
Sterling (GBP) settlement options
- CHAPS payment
- BACS (online internet banking/telephone banking)
TIP: You must ensure payment is sent before each value date allowing enough time for clearance according to payment method used. Please see our payment table for further information.
Foreign currency settlement options
- TT (telegraphic transfer) only
TIP: You must ensure payment is sent before each value date allowing extra time for clearance on currencies being sent from a non-UK bank. Please see payment table for further information.