FX Options

FX Option means an option (whether a Call Option, a Put Option or other type of option) in respect of an agreement to exchange a specified amount of one currency for another currency at an exchange rate on and subject to all of the terms agreed by a client and CurrenCpay.

• Call FX option is a contract in which a client (buyer) has the right, but not the obligation, to buy a specified amount of one currency for another currency at a specified exchange rate (strike rate) within a fixed period of time on the terms of an FX Contract.

• Put FX option is a contract in which a client (buyer) has the right, but not the obligation, to sell a specified amount of one currency for another currency at a specified exchange rate (strike rate) within a fixed period of time on the terms of an FX Contract.

Unlike financial products traded on an Exchange, FX Options are non-standardised, “over the counter” because they are provided only by CurrenCpay acting as principal and are chosen by a client according to what we offer from time to time and agree with a client.

A Client must pay CurrenCpay any agreed Premium on the Premium Payment Date and in the manner advised by CurrenCpay from time to time. The Premium is not refundable under any circumstances, in whole or in part.

For more details, please refer to our PDS and Client Agreement.