• We offer depository services in all major & regional currencies generating value for client funds/deposits
• Competitive deposit rates are offered for KES plus all major currencies e.g. USD / EUR / GBP
• Deposit tenors vary from 7-days up to 365 days
• Fixed income products e.g. Treasury Bills & Bonds

• This is an agreement to exchange currency between two (2) parties, for a period of time, and thereafter reverse the exchange.
• It is the simultaneous purchase and sale of one currency for another for settlement on two different value dates, normally spot to forward.
• FX swap has two legs – near leg (spot) & far leg (forward)

• No fee/premium
• Binding agreement giving rise to obligations
• Enables the client to borrow one currency & lend another
• Enables FX borrowing without exchange risk

• This is a series of forward contracts that are booked at the same (par/flat) rate but are due for settlement over a range of future dates.
• The Par/Flat forward is a binding agreement and gives rise to an obligation to buy or sell one currency against another over the agreed range of future dates.

• No fee/premium.
• The client receives a pre-determined rate upfront.
• 100% protection against adverse rate movements.
• No participation allowed if rates are favourable.

• This refers to a foreign exchange transaction done today (T) for settlement ”within” two (2) business days i.e. (T+2)
• Therefore, a spot deal done on;

1. Thursday – settles on Monday

2. Friday – settles on Tuesday

• NB: If the settlement date falls on a holiday, then settlement happens on the next business day.

• This is a foreign exchange transaction done today (T) for settlement after two (2) business days e.g. (T+7)
• Also referred to as a Forward Exchange Contract (FEC).
• The forward contract is a binding agreement and gives rise to an obligation to buy or sell one currency against another on the settlement date.

• No fee/premium.
• The client receives a pre-determined rate upfront.
• 100% protection against adverse rate movements.
• No participation allowed if rates are favourable.