Work with different currencies as if they were euros
Currencies are not to be played with
- We offer you: spot rates, Forex insurance and derivatives.
- You can contract Forex insurance for your buying and selling operations.
- Eliminate foreign exchange risk. See the final price in advance.
Do I need to have taken the MiFID test for foreign exchange insurance or derivative products?
Both FOREX insurance policies and those derived from the exchange rate are classified as complex products according to MiFID regulations, which is why it is essential to have carried out the MiFID tasks before contracting them.
What are exchange rate derivatives? Does Bankia markets these products?
Exchange rate derivatives are hedging products that are an alternative to exchange insurance.
They allow our customers to access the best conditions to cover their exchange rate risks.
By combining options and activating/deactivating barriers, we can build custom-made coverages to meet our customers' needs.
Do I have to have some additional product contracted for a foreign exchange insurance?
To contract a Forex insurance you must have previously set up a Comex or Derivatives facility.
Likewise, to contract any exchange rate derivative you must have a Derivatives Facility and a signed CMOF (FAFT - Framework Agreement for Financial Contracts) contract.