English

Treasury

	Interest Rates and Derivatives
	Forex and Currency Futures
	Global Trade and FI Relations
	Money Market
	Constituent SGL Facilities
	Retailing of Government Securities
	Trade & Forex Services

Net Banking

Quick Access

Complaints and Grievance Redressal

Corporate TreasuryForex and Currency Futures

Forex and Currency Futures

Forward Contract

Commitment by the client to buy or sell one currency against another at a fixed rate for delivery on a specified future date, or during a period
Corporates can buy or sell outright dollars to hedge genuine underlying exposure with certain restrictions
Onshore Interbank forward market is liquid upto to 1 year

Spot Contract

It is the simplest and most common foreign exchange transaction widely used by corporates to cover their receivables and payables
Commitment by the client to buy and sell one currency against another at a fixed rate for delivery two business days after the transaction
This eliminates the possible risk due to exchange rate fluctuation for the client
Corporates can buy or sell foreign currency for genuine transactional purposes only

Currency Futures

The launch of Currency Futures in August 2008 has been an exciting development in the Indian Financial sector. For the past few years we have witnessed a tremendous increase in volatility in currency pairs. Corporates - whether they are Exporters, Importers, borrowers of foreign currency loans or have an indirect exposure; or households - who might need foreign currency for travel / education / medical purposes etc. - are exposed to currency risk. Currency Futures allow Corporates and Households alike to hedge their currency risk, to protect or increase investment returns and to trade in USDINR, EURINR, GBPINR and JPYINR without the need to have an underlying exposure.

The Axis Bank Advantage

Axis Bank CF CONNECTenables Currency Futures trading on NSE and MCXSX. It has been designed to optimise the Currency Futures trading experience through us.
A dedicated sales and marketing team to assist in all queries pertaining to Currency Futures.
Clients can draw on the Foreign Exchange Trading expertise of the Axis Bank Treasury.
190 plus B-category branches across India to help clients to open their Currency Futures trading accounts. Existing Clients can leverage on the established relationship.
Smooth and seamless margin maintenance and ensuring timely MTM settlement.
Web based Currency Futures trading platforms - NOW (Neat on Web) for NSE and ODIN for MCX-SX brought to you through CF CONNECT.

Disclaimer: Currency Futures are subject to market risk. Please read the Risk Disclosure Document and Investors' Rights and Obligations carefully before dealing in Currency Futures.In pursuant to SEBI circular no. SEBI/MRD/SE/Cir-42/2003 dated 19 November 2003, the Bank wishes to disclose that the bank may be engaged in dealing in Currency Futures for its proprietary book in addition to offering the product for the Client.
SEBI Reg. No.: NSE: INE231308037; MCX-SX: INE261313634; USE: INE271391133 | Membership Code: NSE: 13080; MCX-SX: 29; USE: 13911

Compliance Officer - Mr. P. J. Oza Telephone # 022 -22163798 Email address:- P.Oza@axisbank.com

Click here to apply for a Currency Futures.

	Apply Now
	SMS CFUTURE to 5676782
	Email us at currency.futures@ axisbank.com

More information

	Overview
	Introduction
	Features
	CF Trading Account Opening Process
	Electronic Trading Platform
	Resources
	Brokerage Structure
	CF help Desk

Downloads

Application Form

24 x 7 Banking

Forex and Currency Futures