This product is to allow you to exchange an agreed amount of one currency for another currency, for settlement on a pre-agreed date, at a pre-agreed exchange rate.
Key Information Documents
For Packaged Retail and Insurance-based Investor Products (PRIIPS)
Example Key Information Documents for Packaged Retail and Insurance-based Investor Products (PRIIPS) comprising Foreign Exchange Forwards (deliverable), Foreign Exchange SWAPs and Dual Currency Deposits manufactured and sold by The Royal Bank of Scotland International to Retail classified customers located in the European Economic Area (EEA).
Your Markets contact will provide you with a Key Information Document prior to trading.
Foreign Exchange SWAPs
This product is comprised of two foreign exchange transactions. Under the first transaction you agree to exchange an agreed amount of one currency (1) for another currency (2), at a pre-agreed exchange rate, on a pre-agreed date. Under the second transaction, you agree to exchange the agreed amount of currency 2 for currency 1 at a pre-agreed exchange rate, on a later settlement date.