Contados y Compra/venta de divisa a plazo

  • With this operation the client acquires the obligation of buying or selling a currency to the Company.

    To a price and to a certain date established in the moment of the contracting

  • The buy/sell of forward exchange is a product MiFID qualifier as a complex. Is essential for its contracting the completion of all the related documentation. It is subject to the standard EMIR.

Advantages of Counted and Buy/sell of forward exchange

With a cash transaction or with one buy/sell of forward exchange the client acquires the obligation of buying or selling a currency to the Company to a price and to a certain date established in the moment of the contracting.

One cash transaction is made to apply it to operations that are settled dated value two business days of market. Exceptionally, and only in some currencies, you will be able to contract operations value 0 and a business day of market.

You can contract it directly in Bankia Online Business.

One buy/sell of forward exchange , on the other hand, se carries out to apply it to operations whose maturity date is higher than two business days of market, being a very flexible product when allowing advances (use before the contracted maturity) and extensions (area of the contracted maturity). In both cases se recalcula the original price taking into account the term of the corresponding operation.

For the contracting of one buy/sell of forward exchange is necessary that you have set up a line of risk (Line Comex or Line of Derivatives), that you can contract via the Online Bankia Company.

Seven days before the maturity of the buy/sell of forward exchange will receive a Notification Comex to remember you the maturity and thus have the possibility of applying or associating to any charge operation or international payment.

The day of the operation's maturity the contribution of the currency can be more favourable that the contracted one.

In the event of non-compliance of the buy/sell of forward exchange (not application an operation from charge/payment) a settlement will be made for differences, charging or paying into its account the difference between the contracted price and the price of the currency in the day of the non-compliance, in addition to a fee of non-compliance.

The buy/sell of forward exchange is a product MiFID qualifier as a complex, being essential for its contracting the completion of all the related documentation (Classification, Generic Pre-contractual Information, Specific Pre-contractual Information and Appropriateness Test if the client is classified as a retailer).

When being a product MiFID qualifier as a complex its contracting can be not suitable for everyone the clients. Similarly the buy/sell of forward exchange is subject to the standard EMIR.