Forex for a trader
Hsbc forex trading

Hsbc forex tradingSubscribe to the FT to read: Financial Times HSBC forex traders charged with criminal fraud. Become an FT Subscriber. Gain access to global coverage from local journalists on the ground in 50+ countries working around the clock to break news, analyze, spot risks and opportunities. Join over 300,000 Finance professionals who already subscribe to the FT. HSBC is one of the leading global Foreign Exchange (FX) market makers. Whether your execution needs are driven by a transactional, hedging or investment strategy, you can leverage our global footprint, local knowledge and deep expertise to gain unique insights and manage your exposure in a manner aligned with your objectives. Understanding what you value. We have a host of sound solutions, providing liquidity from the purely transactional to the highly customised. The Global Intermediary Services team provides risk management and tailored solutions such as FX Custody, FX Execution, FX Overlay, FX Prime Services and Transactional FX that allow clients to select and create individual propositions to suit their needs. Our array of strategic support is underpinned by market intelligence and research with global reach. As such, we intend to serve not only on price but also as a provider of choice in analysing FX risk, providing innovative research and insights. Experience smarter execution. Executing transactions in a reliable, easy-to-navigate environment is key to helping you make the most of market opportunities and optimise your cross-border operations. Refresh your execution experience and take the complexity out of your day-to-day operations with HSBC Evolve , HSBC's award-winning intelligent and interactive platform. The depth of our liquidity, the strength of our balance sheet and our commitment to investment in technology enables us to deliver value across pricing, execution, post-trade services and client service. Operating across all time zones, HSBC provides 24-hour coverage from our three main centres in London, New York and Hong Kong.

We offer a deep and consistent pool of liquidity across FX instruments – through electronic, both bilateral and third party, and voice channels for FX cash and derivative solutions including spot, forward, NDF, swaps, vanilla and exotic options. Our experienced teams of derivatives specialists can help structure bespoke solutions for your specific requirements. Our extensive experience in emerging markets reflects our commitment to the long-term development of domestic on-shoreoff-shore markets and business in each region. HSBC maintains presence and knowledge in local economies combined with global solutions. Committed to Good Practice. HSBC has signed an institution-wide Statement of Commitment to the FX Global Code ("the Code") which establishes a common set of guidelines to promote good practice in the Foreign Exchange market. HSBC has actively contributed to the evolution of the FX Global Code since its inception, with senior management taking a leadership position in the BIS Market Participants Working Group. HSBC provided insight and expertise in drafting and reviewing the FX Global Code alongside peer firms, central banks and buy-side representatives. Since its publication, HSBC has continued to speak publically in support of the FX Global Code at industry events, contribute to industry wide surveys and provide input to consultations related to the Code. HSBC believes that the Code sets out principles of good practice for the FX market – and promotes a robust, fair, liquid, open, and transparent market underpinned by high ethical standards. HSBC is strongly committed to supporting and promoting adherence to the principles set out in the Code, having appropriately weaved the principles of the Code throughout the fabric of its FX business to align it closely with each of the Code's principles. Take out the FX contract that suits the situation. The level of protection and flexibility differs from one type of FX derivative to another. Our product profiles give you examples and scenarios to make the selection easy for you. HSBC is recognised as a market leader in FX derivatives globally.

For South-South trading and other emerging markets-led import and export business, our financing-focused leadership in the emerging markets makes us a preferred solutions provider. Our worldwide trading and structuring team leverages our strengths as one of the strongest universal banks to act as a major market maker and liquidity provider. Tackling currency movements against imports requires tools specially made for import businesses. Our solutions were developed with the industry in mind, to help you stay profitable through uncertain times. An average rate option (ARO) is a useful tool for companies that need to make or receive regular payments in foreign currency. It provides protection against adverse movements in foreign exchange rates while also allowing the company to benefit from any movements in their favour. A premium is payable for an ARO. To take out an ARO contract, you need to advise us of the amount, the currencies involved, the expiry date and the worst rate which you would like to buy USD. You also need to indicate the frequency at which you make payments as this frequency will help us to decide on what basis to which we will agree to calculate the average, ie weeklymonthly. We will then advise you of the premium you need to pay. This product is best explained with an example. How an ARO works For example, you import materials from the US, and have to pay a supplier USD100,000 per month for the next year. You are looking to hedge the next year in full and seek protection at your budgeted rate of 1.7500. You buy an ARO that protects against the average exchange rate for the year falling below 1.7500. At the end of every month, as the payment is due, you buy USD100,000 in the spot market as required. At maturity, the strike (1.7500) of the ARO is compared with the average rate over the year based on the Bank of England fixing it at 11 am on each fixing day (represented by the black broken line). If the average of the 12 monthly fixings is lower than the strike (protection) rate, HSBC will, at maturity, compensate you with a cash payment equal to the difference between the strike rate and the average rate over the period on your protected amount. If, on the other hand, the average of the 12 monthly fixings is higher than the strike rate, then by dealing in the spot market, you will have been able to benefit from favourable currency rates over the year, and you will allow the option to lapse.

Advantages. Provides protection on 100 per cent of your exposure Allows you to benefit from favourable currency moves Flexible, in that you can decide the strike rate and the amounts at each fixing. Disadvantages. A premium is charged – this can be paid at any time during the life of the contract. Key facts. Available in any currency pair where there is a liquid forward market. A currency option provides you with the right to certain protection at a specified foreign exchange rate on a specific forward date. You are, however, under no obligation to deal at your protected rate, and you may walk away from the deal at maturity and transact in the spot market if the rate has moved in your favour. A currency option, therefore, combines the certain protection provided by a forward foreign exchange contract with the flexibility of a spot deal. A premium is payable for a plain (vanilla) currency option. Currency options are available in nearly any currency pair where there is a forward market. To take out currency option, you need to advise us of the amount, the currencies involved, the expiry date and the exchange rate that you are looking to protect. This product is best explained with an example.

How a currency option works For example, you import materials from the US, and need to buy USD500,000 in six months' time to pay a supplier. The forward rate for six months is 1.7520, and you are seeking to protect 1.7500. HSBC sells to you a currency option providing protection at 1.7500, for which a premium is payable. However, at maturity, if the rate in the market is more favourable than 1.7500, you simply deal in the spot market. Possible scenarios: Scenario 1: GBPUSD weakens, and at maturity the exchange rate is 1.6800. You exercise the right to buy USD500,000 at 1.75000. Scenario 2: GBPUSD strengthens, and at maturity the exchange rate is 1.8500. You let your currency option expire and simply buy USD500,000 at the market rate of 1.8500. Advantages. Provides protection on 100 per cent of your exposure Allows you to benefit in full from favourable currency moves. Disadvantages. Key facts. No credit line required Available in any currency pair where there is a liquid forward market. This structure entitles you to buy foreign currency at a specified protected 'worst-case' rate of exchange or at a more favourable rate, as far as a predetermined 'best possible' limit rate. If the limit rate is hit or exceeded at any time during the life of the trade, you are obliged to deal at the protected worst-case rate.

There is no premium payable for a forward extra (FE). To take out an FE contract, you need to advise us of the amount, the currencies involved, the expiry date and the worst rate which you would like to buy foreign currency. We will then tell you the limit rate. This product is best explained with an example. How an FE works For example, you import materials from the US, and have to pay a supplier USD500,000 in six months' time. The forward rate for six months is 1.7520. You would like to benefit from favourable exchange rate moves but are reluctant to pay a premium for this. You inform us that you are prepared to accept a worst-case rate of 1.7300. We then calculate the limit rate (which is dependent on market variables at the time) to be 1.8700. Possible scenarios: Scenario 1: GBPUSD weakens, and at maturity of the contract the exchange rate is 1.6900. You are entitled to buy dollars at 1.7300. Scenario 2: GBPUSD strengthens, and trades through 1.8700 at any time during the life of the contract. You are obliged to buy dollars at 1.7300. Scenario 3: GBPUSD strengthens, and at maturity the exchange rate is 1.8400 (1.8700 has not traded during the life of the contract).

You can buy dollars in the spot market at 1.8400. Advantages. Provides protection on 100 per cent of your exposure Allows you to benefit from favourable currency moves up to a pre-agreed limit No premium payable. Disadvantages. If limit rate is hit or exceeded at any time during the life of the contract, you deal at the worst-case (protected) rate The protected rate will always be less favourable than the forward rate. Key facts. A credit line is required Available in any currency pair where there is a liquid forward market. This structure entitles you to buy foreign currency at a specified protected 'worst-case' rate of exchange or at a more favourable rate, up to a predetermined 'best possible' limit rate. If the limit rate is hit or exceeded at any time during the life of the trade, you are obliged to deal at the original forward rate. There is no premium payable for a forward extra plus. To take out a forward extra plus contract, you need to advise us of the amount, the currencies involved, the expiry date and the worst rate which you would like to buy your foreign currency.

We will then tell you the limit rate. This product is best explained with an example. How a forward extra plus works For example, you import materials from the US, and have to pay a supplier USD500,000 in six months' time. The forward rate for six months is 1.7520. You would like to benefit from favourable exchange rate moves but are reluctant to pay a premium for this. You inform us that you are prepared to accept a worst-case rate of 1.7200. We then calculate the limit rate (which is dependent on market variables at the time) to be 1.8550. Possible scenarios: Scenario 1: GBPUSD weakens, and at maturity of the contract the exchange rate is 1.6900. You are entitled to buy dollars at 1.7200. Scenario 2: GBPUSD strengthens, and trades through 1.8550 at any time during the life of the contract. You are obliged to buy dollars at 1.7520, the forward rate at the time of entering into the contract. Scenario 3: GBPUSD strengthens, and at maturity the exchange rate is 1.8400 (1.8550 has not traded during the life of the transaction). You can buy dollars in the spot market at 1.8400. Advantages. Provides protection on 100 per cent of your exposure Allows you to benefit from favourable currency moves up to a pre-agreed limit No premium payable.

Disadvantages. If limit rate is hit or exceeded at any time during the life of the trade, you deal at the original forward rate The protected rate will always be less favourable than the forward rate. Key facts. A credit line is required Available in any currency pair where there is a liquid forward market. Participating forward. This structure provides a guaranteed protected rate for your full exposure while allowing you to benefit from a favourable exchange rate move on a predetermined portion of your currency exposure. There is no premium payable for a participating forward. To take out a participating forward contract, you need to advise us of the amount, the currencies involved, the expiry date and the worst rate which you would like to buy your foreign currency. We will then tell you the level of participation you can benefit from. This product is best explained with an example. How a participating forward works For example, you import materials from the US, and have to pay a supplier USD500,000 in six months' time. The forward rate for six months is 1.7520. You would like to benefit from favourable exchange rate moves but are reluctant to pay a premium for this.

You inform us that you are prepared to accept a worst rate of 1.7200. We then calculate the participation level to be 50 per cent. Possible scenarios: Scenario 1: GBPUSD weakens, and at maturity the exchange rate is 1.6900. You are entitled to buy your full USD500,000 at 1.7200. Scenario 2: GBPUSD strengthens, and the exchange rate at maturity is 1.8200. You are obliged to buy USD250,000 at 1.7200. However, the remaining USD250,000 can be purchased in the spot market at 1.8200. This will give an average rate of 1.7700. Advantages. Provides protection on 100 per cent of your exposure Allows you to benefit from favourable currency moves on a portion of your total exposure No premium payable. Disadvantages. The protected rate will always be less favourable than the forward rate. Key facts. A credit line is required but this is less than the equivalent forward Available in any currency pair where there is a liquid forward market.

This structure provides a hedge rate at zero premium cost with the ability to benefit from a potentially unlimited favourable exchange rate move. There is no premium payable for a tracker forward. To take out a tracker forward, you need to advise us of the amount, the currencies involved, the expiry date and the worst rate which you would like to buy your foreign currency. This product is best explained with an example. How a tracker forward works For example, you import materials from the US, and have to pay a supplier USD500,000 in six months' time. The forward rate for six months is 1.7520. You would like to benefit from favourable exchange rate moves but are reluctant to pay a premium for this. The tracker forward provides protection for you to buy USD at a worst-case rate of 1.7100. However, by the maturity date, you are obligated to buy USD from HSBC at the prevailing market rate less 4 cents, although the net rate cannot be worse than 1.7100. Possible scenarios: Scenario 1: GBPUSD weakens, and at maturity the exchange rate is 1.6800. You are obliged to deal at the protected rate of 1.7100. Scenario 2: GBPUSD weakens, and at maturity the exchange rate is 1.7300. You are obliged to deal at the protected rate of 1.7100.

Scenario 3: GBPUSD strengthens, and at maturity the exchange rate is 1.8500. You are obliged to deal at 1.8100 (1.8500 minus 4 cents). Advantages. Provides protection on 100 per cent of your exposure Allows you to benefit from favourable currency moves No premium payable. Disadvantages. The protected rate will always be less favourable than the forward rate. Key facts. A credit line is required Available in any currency pair where there is a liquid forward market. Stay focused on business by having the best FX derivatives behind your profits. Exporting is complex even without foreign currency fluctuations; our product profiles show how our tools work to protect you against volatility. An average rate option (ARO) is a useful tool for companies that need to make or receive regular payments in foreign currency. It provides protection against adverse movements in foreign exchange rates while also allowing the company to benefit from any movements in their favour. A premium is payable for an ARO. To take out an ARO contract, you need to advise us of the amount, the currencies involved, the expiry date and the worst rate which you would like to sell USD. You will also need to indicate the frequency at which you receive payments as this frequency will help us to decide on what basis to which we will agree to calculate the average, ie weeklymonthly. We will then advise you of the premium you need to pay. This product is best explained with an example.

How an ARO works For example, you export materials to the US, and receive USD100,000 per month for the next year from your customer. You are looking to hedge the next year in full and seek protection at your budgeted rate of 1.7500. You buy an ARO that protects against the average exchange rate for the year rising above 1.7500. You receive the USD100,000 at the end of every month and sell them in the spot market as required. At maturity, the strike (1.7500) of the ARO is compared with the average rate over the year based on the Bank of England fixing it at 11 am on each fixing day (represented by the black broken line). If the average of the 12 monthly fixings is higher than the strike (protection), HSBC will, at maturity, compensate you with a cash payment equal to the difference between the strike rate and the average rate over the period on your protected amount. If, on the other hand, the average of the 12 monthly fixings is lower than the strike rate, then by dealing in the spot market, you will have been able to benefit from favourable currency rates over the year and you will allow the option to lapse. Advantages. Provides protection on 100 per cent of your exposure Allows you to benefit from favourable currency moves Flexible, in that you can decide the strike rate and the amounts at each fixing.

Disadvantages. A premium is charged – this can be paid at any time during the life of the contract. Key facts. Available in any currency pair where there is a liquid forward market. A currency option provides you with the right to certain protection at a specified foreign exchange rate on a specific forward date. You are, however, under no obligation to deal at your protected rate, and you may walk away from the deal at maturity and transact in the spot market if the rate has moved in your favour. A currency option, therefore, combines the certain protection provided by a forward foreign exchange contract with the flexibility of a spot deal. A premium is payable for a plain (vanilla) currency option. Currency options are available in nearly any currency pair where there is a forward market. To take out a currency option, you need to advise us of the amount, the currencies involved, the expiry date and the exchange rate that you are looking to protect. This product is best explained with an example.

How a currency option works For example, you export materials from the US, and need to sell USD500,000 in six months' time to pay a supplier. The forward rate for six months is 1.7520, and you are seeking to protect 1.7500. HSBC sells to you a currency option providing protection at 1.7500, for which a premium is payable. However, at maturity, if the rate in the market is more favourable than 1.7500, you simply deal in the spot market. Possible scenarios: Scenario 1: GBPUSD strengthens, and at maturity the exchange rate is 1.8500. You exercise the right to sell USD500,000 at 1.75000. Scenario 2: GBPUSD weakens, and at maturity the exchange rate is 1.6500. You let your currency option expire and simply sell USD500,000 at the market rate of 1.6500. Advantages. Provides protection on 100 per cent of your exposure Allows you to benefit in full from favourable currency moves.

Disadvantages. Key facts. No credit line required Available in any currency pair where there is a liquid forward market. This structure entitles you to sell foreign currency at a specified protected 'worst-case' rate of exchange or at a more favourable rate, as far as a predetermined 'best possible' limit rate. If the limit rate is hit or exceeded at any time during the life of the trade, you are obliged to deal at the protected worst-case rate. There is no premium payable for a forward extra (FE). To take out an FE contract, you need to advise us of the amount, the currencies involved, the expiry date and the worst rate which you would like to sell your foreign currency. We will then tell you the limit rate. This product is best explained with an example. How an FE works For example, you export materials to the US, and are due to receive USD500,000 in six months' time. The forward rate for six months is 1.7520. You would like to benefit from favourable exchange rate moves but are reluctant to pay a premium for this.

You inform us that you are prepared to accept a worst-case rate of 1.7750. We then calculate the limit rate (which is dependent on market variables at the time) to be 1.6300. Possible scenarios: Scenario 1: GBPUSD strengthens, and at maturity of the contract the exchange rate is 1.8100. You are entitled to sell dollars at 1.7750. Scenario 2: GBPUSD weakens, and trades through 1.6300 at any time during the life of the contract. You are obliged to sell dollars at 1.7750. Scenario 3: GBPUSD weakens, and at maturity the exchange rate is 1.6500 (1.6300 has not traded during the life of the transaction). You can sell dollars in the spot market at 1.6500. Advantages. Provides protection on 100 per cent of your exposure Allows you to benefit from favourable currency moves up to a pre-agreed limit No premium payable. Disadvantages. If limit rate is hit or exceeded at any time during the life of the contract, you deal at the worst-case (protected) rate The protected rate will always be less favourable than the forward rate. Key facts.

A credit line is required Available in any currency pair where there is a liquid forward market. This structure entitles you to sell foreign currency at a specified protected 'worst-case' rate of exchange or at a more favourable rate, as far as a predetermined 'best possible' limit rate. If the limit rate is hit or exceeded at anytime during the life of the trade, you are obliged to deal at the original forward rate. There is no premium payable for a forward extra plus. To take out a forward extra plus contract, you need to advise us of the amount, the currencies involved, the expiry date and the worst rate which you would like to sell foreign currency. We will then tell you the limit rate. This product is best explained with an example. How a forward extra plus works For example, you export materials to the US, and are due to receive USD500,000 in six months' time. The forward rate for six months is 1.7520. You would like to benefit from favourable exchange rate moves but are reluctant to pay a premium for this. You inform us that you are prepared to accept a worst-case rate of 1.7800. We then calculate the limit rate (which is dependent on market variables at the time) to be 1.6550. Possible scenarios: Scenario 1: GBPUSD strengthens, and at maturity of the contract the exchange rate is 1.8100. You are entitled to sell dollars at 1.7800. Scenario 2: GBPUSD weakens, and trades through 1.6550 at any time during the life of the contract.

You are obliged to sell dollars at 1.7520. Scenario 3: GBPUSD weakens, and at maturity the exchange rate is 1.6700 (1.6550 has not traded during the life of the contract). You can sell dollars in the market at 1.6700. Advantages. Provides protection on 100 per cent of your exposure Allows you to benefit from favourable currency moves up to a pre-agreed limit No premium payable. Disadvantages. If limit rate is hit or exceeded at any time during the life of the trade, you deal at the original forward rate The protected rate will always be less favourable than the forward rate. Key facts. A credit line is required Available in any currency pair where there is a liquid forward market.

Participating forward. This structure provides a guaranteed hedge for the full exposure while allowing you to benefit from a favourable exchange rate move on a predetermined portion of your currency exposure. There is no premium payable for a participating forward. To take out a participating forward contract, you need to advise us of the amount, the currencies involved, the expiry date and the worst rate which you would like to sell your foreign currency. We will then tell you the level of participation you can potentially benefit from. This product is best explained with an example. How a participating forward works For example, you export materials to the US, and are due to receive USD500,000 in six months' time. The forward rate for six months is 1.7520. You would like to benefit from favourable exchange rate moves but are reluctant to pay a premium for this.

You inform us that you are prepared to accept a worst rate of 1.7850. We then calculate the participation level to be 50 per cent. Possible scenarios: Scenario 1: GBPUSD strengthens, and at maturity the exchange rate is 1.81. You are entitled to sell USD500,000 at 1.7850. Scenario 2: GBPUSD weakens, and the exchange rate at maturity is 1.6850. You are obliged to sell USD250,000 at 1.7850. However, the remaining USD250,000 can be sold in the spot market at 1.6850. This will give an average rate of 1.7350. Advantages. Provides protection on 100 per cent of your exposure Allows you to benefit from favourable currency moves on a portion of your total exposure No premium payable.

Disadvantages. The protected rate will always be less favourable than the forward rate. Key facts. A credit line is required but this is less than the equivalent forward Available in any currency pair where there is a liquid forward market. This structure provides protection at a pre-agreed 'worst-case' rate with the ability to benefit from a potentially unlimited favourable exchange rate move. There is no cash premium payable for a tracker forward. To take out a tracker forward, you need to advise us of the amount, the currencies involved, the expiry date and the worst rate which you would like to sell foreign currency. This product is best explained with an example. How a tracker forward works For example, you export materials to the US, and are due to receive USD500,000 in six months' time.

The forward rate for six months is 1.7520. You would like to benefit from favourable exchange rate moves but are reluctant to pay a premium for this. The tracker forward provides protection to sell USD at a worst-case rate of 1.7920. However, by the maturity date, you are obligated to sell USD500,000 to HSBC at the prevailing market rate, plus 4 cents, although the net rate cannot be worse than 1.7920. Possible scenarios: Scenario 1: GBPUSD strengthens, and at maturity the exchange rate is 1.8300. You have the right to sell dollars at the protected rate of 1.7920. Scenario 2: GBPUSD strengthens, and at maturity the exchange rate is 1.7700. You are obliged to deal at the protected rate of 1.7920. Scenario 3: GBPUSD weakens, and at maturity the exchange rate is 1.6600. You are obliged to deal at 1.7000 (1.6600 plus 4 cents). Advantages. Provides protection on 100 per cent of your exposure Allows you to benefit from favourable currency moves No premium payable. Disadvantages. The protected rate will always be less favourable than the forward rate. Key facts.

A credit line is required Available in any currency pair where there is a liquid forward market. HSBC Online Banking review by professional Forex trading experts the “ForexSQ” FX trading team. Finding out all about Personal Online Banking with HSBC Bank like how to do HSBC Login or what is HSBC Online Savings Account, You will also know about HSBC mobile banking app and the HSBC contact address and phone number. HSBC Online Banking Review. HSBC Holdings plc is a British multinational banking and financial services holding company, tracing its origin to a hong in Hong Kong. It is the world’s seventh largest bank by total assets and the largest in Europe with total assets of US$2.374 trillion (as of December 2016). It was established in its present form in London in 1991 by The Hongkong and Shanghai Banking Corporation to act as a new group holding company. The origins of the bank lie mainly in Hong Kong and to a lesser extent in Shanghai, where branches were first opened in 1865. The HSBC name is derived from the initials of the Hongkong and Shanghai Banking Corporation. The company was first formally incorporated in 1866.

The company continues to see both the United Kingdom and Hong Kong as its “home markets”. HSBC has around 4,000 offices in 70 countries and territories across Africa, Asia, Oceania, Europe, North America and South America, and around 37 million customers. As of 2014, it was the world’s sixth-largest public company, according to a composite measure by Forbes magazine. HSBC is organised within four business groups: Commercial Banking; Global Banking and Markets (investment banking); Retail Banking and Wealth Management; and Global Private Banking. HSBC Bank Global Products. HSBC Direct is a telephoneonline direct banking operation which attracts customers through mortgages, accounts and savings. It was first launched in the USA in November 2005 and is based on HSBC’s ‘First Direct’ subsidiary in Britain which was launched in the 1980s. The service is now also available in Canada, Taiwan, South Korea, Australia, France and India. Poland is launching business direct in September 2009. In the US, HSBC Direct is now part of HSBC Advance.

HSBCnet provides access to transaction banking functionality – ranging from payments and cash management to trade services features – as well as to research and analytical content from HSBC. It also includes foreign exchange and money markets trading functionality. The system is used widely by HSBC’s high-end corporate and institutional clients served variously by the bank’s global banking and markets, commercial banking and global transaction banking divisions. HSBCnet is also the brand under which HSBC markets its global e-commerce proposition to its corporate and institutional clients. HSBC Advance is the group’s product aimed at working professionals. The exact benefits and qualifications vary depending on country, but typically require a transfer of Salary of USD 1,500 or more every month or Maintain USD 25,000 of deposits in a SavingsCurrent Account or investments. Advantages may vary depending on country, such as day-to-day banking services including but not limited to a Platinum Credit Card, Advance ATM Card, Current Account and Savings Account. Protection plans and Financial Planning Services. A HSBC Advance customer enables the customer to open accounts in another country and transfer their credit history. HSBC Premier is the group’s premium financial services product. 118 It has its own Elite Card entitled HSBC Premier World Card. The exact benefits and qualification criteria vary depending on country. Customers have a dedicated Premier Relationship Manager, global 24-hour access to call centres, free banking services and preferential rates.

A HSBC Premier customer receives the HSBC Premier services in all countries that offer HSBC Premier, without having to meet that country’s qualifying criteria (“Premier in One, Premier in All”). HSBC Business groups and divisions. HSBC organises its customer-facing activities within four business groups: Commercial Banking; Global Banking and Markets (investment banking); Retail Banking and Wealth Management (RBWM); and Global Private Banking. HSBC Commercial Banking. HSBC provides financial services to small, medium-sized and middle-market enterprises. The group has more than 2 million of such customers, including sole proprietors, partnerships, clubs and associations, incorporated businesses and publicly quoted companies. HSBC Global Banking and Markets. Global Banking and Markets is the investment banking arm of HSBC. It provides investment banking and financing solutions for corporate and institutional clients, including corporate banking, investment banking, capital markets, trade services, payments and cash management, and leveraged acquisition finance. It provides services in equities, credit and rates, foreign exchange, money markets and securities services, in addition to asset management services. Global Banking and Markets has offices in more than 60 countries and territories worldwide, and describes itself as “emerging markets-led and financing-focused”. It is currently being led by former fixed-income trader Samir Assaf, who was promoted from global head of markets on 10 December 2010. HSBC Global Private Banking.

HSBC Private Bank is the marketing name for the private banking business conducted by the principal private banking subsidiaries of the HSBC Group worldwide. HSBC Private Bank, together with the private banking activities of HSBC Trinkaus, known collectively as Group Private Banking, provides services to high-net-worth individuals and their families through 93 locations in some 42 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. According to the Scorpio Partnership Global Private Banking Benchmark 2014, the bank had 382 USD Bn of assets under management (AuM) a decrease of 4% on the 2013 figure. In September 2008, HSBC announced that it would combine its two Swiss private banks under one brand name in 2009, with HSBC Guyerzeller and HSBC Private Bank to be merged into one legal entity, under the newly appointed CEO of HSBC Private Bank, Alexandre Zeller. HSBC Retail banking and wealth management. HSBC provides more than 54 million customers worldwide with a full range of personal financial services, including current and savings accounts, mortgage loans, car financing, insurance, credit cards, loans, pensions and investments. Retail Banking and Wealth Management (also known as RBWM) was previously referred to as Personal Financial Services (PFS). This rename was announced during HSBC’s 2011 Investor Day. HSBC Business Banking. HSBC provide a range of different business bank accounts that cover commercial operations of all shapes and sizes. HSBC Mobile Banking Applications. HSBC Mobile Banking app allows you to make payments, move money between accounts and view balances and transactions from your phone. The HSBC App and trading markets are accessible using a variety of the most popularly used electronic handheld devices that include iPhones, Blackberry and Androids. The HSBC Apps is free for both Android and IOS, You can download The HSBC App for Android from Google Play and download The HSBC App for iPhone from Apple app store. HSBC Online Savings Account Review. The HSBC Online Savings Account offers 1.30% APY, which is one of the highest rates in the market. There’s no minimum deposit required to start an account.

But, the minimum balance required to keep your account open is $1. If you have less than $1 in savings for up to 180 days, HSBC reserves the right to cancel your account. You may feel nervous about putting savings somewhere other than a local bank branch with live tellers. Rest assured, this account is FDIC insured which means your funds are covered up to $250,000 if HSBC folds just like any other brick-and-mortar bank. Plus, HSBC has customer service available by phone 7 days a week. HSBC Online Savings Account Depositing Funds. Since this is an online account, how easy it is to make withdrawals and deposits is an important factor. HSBC accepts deposits in four ways. You can use your smartphone or a computer to do remote check deposits. Just take a photo of your check and upload it to your account management page. However, there are limits to how much you can deposit remotely: Maximum check amount – $5,000 Maximum you can deposit daily – $10,000 Maximum number of checks you can deposit daily – 10 checks Maximum you can deposit in 10 business days – $50,000 or 20 checks. You can also put money into savings using direct deposit or electronic transfers from an external account. Lastly, you can mail in physical checks.

Deposits made electronically or by check to your HSBC account within the first 30 days of account opening will be held for up to 5 business days. HSBC Online Savings Account Withdraws Funds. This account doesn’t come with an ATM card, but taking out funds electronically is just as easy as depositing them. You can make transfers to external accounts using the online account management tool. Transfers take from 2 to 3 business days to process. You can also request a physical check from your savings account to be mailed to you. Keep in mind, just like any other savings account, HSBC has a monthly limit on the number of times you can withdraw funds. Due to Federal law, you can’t make more than 6 withdrawals during a statement period without incurring a fee. If you go over the limit, there’s a fee per additional withdrawal. HSBC may close your account if you go over the monthly withdrawal limit three times or more within 12 months. Use your withdrawals wisely; that goes for any savings account you open. HSBC Online Savings Account Fees.

The HSBC Online Savings Account has no monthly maintenance fee. The excessive withdrawal fee is $5 per withdrawal. A cashier’s check will cost you $5. The non-sufficient funds fee is also $5 per item. You’ll incur this charge if you don’t have enough money in savings to cover a withdrawal you initiate. For other minor fees, HSBC charges $0.50 per statement copy. If you ask for rush delivery on a statement or other account document the fee is $25. HSBC Customer Support Services. The HSBC customer support services are provided by its helpful staff of multilingual professionals who are available via online chat, email, fax or telephone during market hours 245 and provide support services in a variety of languages. For login to HSBC online banking you can visit the broker website, After sign up you can check your email and do HSBC logIn. HSBC has a dual primary listing on the Hong Kong Stock Exchange and London Stock Exchange and is a constituent of the Hang Seng Index and the FTSE 100 Index. As of 6 July 2012 it had a market capitalisation of ?102.7 billion, the second-largest company listed on the London Stock Exchange, after Royal Dutch Shell. It has secondary listings on the New York Stock Exchange, Euronext Paris and the Bermuda Stock Exchange. To get a fast support you can use HSBC Live chat, The HSBC Live Support is also available to support clients, To use HSBC customer support just visit the broker’s website. HSBC Bank Registration and Regulation. HSBC Bank PLC Registered Office and Group Head Office address is: 8 Canada Square, London E14 5HQ. The HSBC Company Register Number 14259 and VAT Registration Number GB 365684514. HSBC opening hours is 9am-18pm GMT time every day, But HSBC opening hours depends to the city you live so first contact by phone number 03457 404 404 in UK to know the exact opening time. The HSBC Head Office address in United Kingdom is: HSBC Bank plc – 8 Canada Square – London E14 5HQ. The HSBC Bank Phone Numbers is: +44(0) 20 7991 8888.

HSBC Routing Number UK. HSBC Routing Number in UK is: HSBC Bank plc, London, UK. AC No. 35127972, SWIFT: MIDLGB22. HSBC Bank USA, National Association , an American subsidiary of UK-based HSBC, is a bank with its operational head office in New York City and its nominal head office in McLean, Virginia (as designated on its charter). HSBC Bank USA, N. A. is a national bank chartered under the National Bank Act, and thus is regulated by the Office of the Comptroller of the Currency (OCC), a part of the U. S. Department of the Treasury. The company has 230 branch locations. The HSBC USA Head Office address is: 452 Fifth Avenue, New York City, New York, USA. HSBC USA Phone Number. The HSBC Bank Phone Numbers in USA is: +1 800-975-4722 Brooklyn, NY, USA. HSBC USA Routing Number. HSBC USA Routing Number (Fed Wire Number) for a Funds Transfer to an HSBC account is 021001088. HSBC Bank USA’s SWIFT Code, used for international Funds Transfers to the U. S., is MRMDUS33. HSBC Bank USA’s CHIPS number, used for a Funds Transfer or International Funds Transfer is 435499. HSBC Log On to Online Banking. For log on to HSBC online banking you can visit the bank website, After sign up you can check your email and do HSBC log on to online banking.

Foreign Exchange (Forex) Transact with HSBC Foreign Exchange and you could be on your way to Japan on Cathay Pacific business class! From 2 May to 31 August 2018, every eligible FX transaction of minimum S$5,000 (or foreign currency equivalent) gives you a chance in a draw to win one of 23 pairs of return tickets on Cathay Pacific to any of 4 exciting destinations in Japan! What's more, spend on your HSBC Credit Card overseas and be rewarded with an additional chance for every S$500 charged to your card. Prizes to be won. 3 Grand Prizes. 1 pair of Cathay Pacific Business Class tickets to Japan. 20 Consolation Prizes. 1 pair of Cathay Pacific Economy Class tickets to Japan. How it works. Step 1. Enter the draw.

Step 2. Increase your chances. Receive an additional chance with every minimum spend of S$500 equivalent charged in foreign currency on your HSBC Credit Card overseas. FX solutions and services. Access real time foreign exchange rates 24 hours5.5 days a week, and preferential rates during the weekend using Worldwide Transfer. Set your own target foreign exchange rate to convert funds automatically within your banking accounts, and or to receive alert when the designated foreign exchange rate is reached. One account. 11 currencies. Introducing the Multi Currency Savings Account, an easy way to manage all your foreign currency deposits. Get potentially higher returns by investing in a Dual Currency Plus account.

Global View and Global Transfer. Experience one view of all your HSBC accounts worldwide and make instant transfers between them. Enjoy around-the-clock real-time exchange rates for your online transactions with Online GetRate. This service is available on Personal Internet Banking. Our global FX markets experts bring together latest news and analysis for the major currencies at one place to help you make informed decisions whatever your need might be. Find out more about what is fast becoming one of the world's top trading currencies, as China seeks to reduce its reliance on other currencies. Buying property overseas, paying for your childrenЂ™s study abroad or saving for retirement in a foreign country. Whatever your goals for the future, you can invest in foreign currency to grow your money Ђ“ as well as use it for everyday transactions abroad. Trade currencies 24 hour online and over the phone Manage up to 11 major foreign currencies in a single account Investing in foreign currency through Margin FX Use FX Order Watch to set up a target foreign exchange rate to convert funds automatically. Make foreign exchange transaction or trade through HSBC Personal Internet Banking. HSBC Personal Internet Banking users. Not yet a HSBC Personal Internet Banking User. HSBCЂ™s 24-Hour Foreign Exchange Service. Trade currencies to gain potentially higher interest returns and capital appreciation by holding non-HKD currencies. Trade currencies around-the-clock 1 , with real-time tradable rates on HSBC Personal Internet Banking Manage up to 11 major currencies at a competitive currency exchange rate 2 Pre-order foreign currencies on HSBC Personal Internet Banking up to 5 business days in advance and enjoy speedy collection the next business day 3 at your preferred HSBC Premier Centre's priority counter (exclusive for HSBC Premier customers) 4. Margin FX Trading Services. A higher risk currency investment product which provides leverage to qualifying customers that seek to include directional currency investments in their asset portfolio.

46-trading currency pairs from 11 major currencies including AUD, CAD, CHF, CNH, EUR, GBP, HKD, JPY, NZD, SGD and USD Wide range of order types include market orders, limit orders, with or without take profit, stop loss or trailing stop options No minimum trading amount requirement. FX Order Watch Trading Services. HSBC Premier or HSBC Advance customers can set your own target exchange rate to convert funds and receive alert when the designated rate is hit. Monitor live rate streams 24 hours a day and 5.5 days a week, with all limit orders and rate alerts executed automatically when the target rate is reached Support cross rate between any combination of the 11 major currencies Provide real time market data and FX news including market spot reference and historical trend chart, technical analysis, and FX news and economic indicators. Global View and Global Transfer 5. See all of your HSBC accounts in one place and make near real time transfers between them. View the balances of your HSBC accounts on one screen Immediate or same-day transfer between eligible HSBC accounts Preferential rates on foreign exchange transactions. Transfers and Payments. Save time and effort by completing transactions from home anytime. Secure and convenient local and international money transfers to any bank account Pay more than 700 merchants including utilities, telephone, government and charities online using your HSBC bank account or credit card anytime Make regular payments or send fund to a third party with autoPay and Standing instructions. ForExRenminbi Switching Services 6. Transfer funds automatically from your HKD account to your foreign currencyRenminbi account (or vice versa) when your pre-set exchange rate andor frequency (e. g. daily) criteria are met. Frequently Asked Questions. How can I invest in foreign currency with HSBC ? Select to expand Select to collapse. You can invest in foreign currency with HSBC via a number of ways. You can use our 24-Hour Foreign Exchange Service to place your exchange instruction anytime anywhere via internet or mobile banking. If you have a target exchange rate in mind, you can use our FX Order Watch Trading Service to preset your instruction.

If you want to accumulate your foreign currencies or RMB via regular saving, you can use the ForEx RMB Switching Service to preset your exchange instructions and we will automatically execute the instructions for you according to your preset criteria. What can I use FX for? Select to expand Select to collapse. Customers can use HSBC's foreign exchange services for many purposes which include but not limit to the followings: Meet your "wealth accumulation" needs, e. g. pre-set instruction using RMB switching service to accumulate RMB at your own pace. Meet your "family" needs, e. g. use FX Order Watch and Rate Alert Service to pre-set instruction to convert funds to other currenices at your preferred rate to settle oversea payment like mortgage or tuition fee for your children. Meet your "Lifestyle needs", e. g. use pre-order foreign currencies services when you plan to travel to overseas so as to save your queuing time for currency exchange at branch. What are the regulatory restrictions related to FX? Select to expand Select to collapse. There are no Hong Kong regulatory restrictions on general foreign exchange. However, for margin FX, it is subject to regulatory restrictions. What are the risks associated with FX products? Select to expand Select to collapse. When conducting in foreign exchange, customers need to be aware of the following risks.

Currency conversion risk - the value of your foreign currency and RMB deposit will be subject to the risk of exchange rate fluctuation. If you choose to convert your foreign currency and RMB deposit to other currencies at an exchange rate that is less favourable than the exchange rate in which you made your original conversion to that foreign currency and RMB, you may suffer loss in principal. Being a customer, will I get access to latest FX update and houseviews? Select to expand Select to collapse. HSBC customers are provided with timely and comprehensive FX information from our FX specialist. Please refer to Foreign Exchange Market News section in our website and you will find the latest FX market information, including trend chart, technical analysis and comments from our FX specialist for most major currencies. Important Information. Disclaimer Select to Expand Select to Collapse. 1 It will be processed on the transfer date as specified in your instruction subject to the following: If you wish to process a transfer (exclude USDCombiNation Passbook Savings) on the same day you place it, please submit the instruction from Monday 5am to Saturday 4:59am or Saturday 8am to 4:30pm. If you wish to process a transfer to USDCombiNation Passbook Savings accounts on the same day you place it, please submit the instruction from Monday to Friday 8am to 7pm or Saturday 8am to 4:30pm. Please note that same day transfer cannot be processed on 1 January, 25 December, 12 midnight to 7:59 am on 26 December and 2 January. If your forward-dated instruction falls on a business day on which the Black Rainstorm Warning Signal or Typhoon #8 or above Signal is hoisted, your said instruction may be processed on the same day or the next business day depending on whether the Signal is lowered that day and if so, at what hours.

Please always check your HSBC personal internet banking email box for the status of your transaction. The reference to "business day" means a day, other than a Sunday or public holiday, on which banks are open for general business in Hong Kong. 2 Major currencies include Australian Dollar, Canadian Dollar, Euro, Japanese Yen, New Zealand Dollar, Pound Sterling, Singapore Dollar, Swiss Franc, Thai Baht, US Dollar, and Renminbi. 3 For order submitted at or before 15:00 HKT on any business day (Monday to Friday, except Public Holidays), the earliest collection day will be the following business day. Withdrawal in cash is subject to the availability of that foreign currency on the collection day at your preferred HSBC Premier Centre. 4 Major currencies include Australian Dollar, Canadian Dollar, Euro, Japanese Yen, New Zealand Dollar, Pound Sterling, Singapore Dollar, Thai Baht, US Dollar, and Renminbi. 5 Available to HSBC Premier and HSBC Advance customers only. 6 ForEx Switching serviceRenminbi Switching Service is available only to HSBC Premier, HSBC Advance, Personal Integrated Account customers, Renminbi Savings Account, HK Dollar Statement Savings Account and CombiNations Statement Savings Account customers.



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