Global Services

TD Spot Contract

The Spot Contract is the most popular foreign exchange product. It’s an agreement to buy or sell foreign currency at its current value, with settlement occurring on the same day.

How it can work for your business:

• Allows your company to buy or sell currency as you need it
• You’re in control
• Flexibility and freedom

TD Forward Contract

A Forward Contract allows you to buy or sell a foreign currency at a rate set today for settlement on an agreed future settlement day.

How it can work for your business:

• Eliminates the risk of fluctuating exchange rates
• Locks in a price today for a future transaction (hedging)
• Predict and protect your future cash flow
• Opportunity to participate in favourable currency movements

TD Option-Dated Forward Contract

An Option-Dated Forward Contract is similar to a Forward Contract except you can define the length of the settlement window of contract.

How it can work for your business:

• Total amount of the contract can be settled in increments
• Eliminates the risk of fluctuating exchange rates
• Locks in a price today for a future transaction
• Flexibility to consolidate small forward requirements into one larger contract

TD Foreign Currency Option

A Foreign Currency Option allows you to buy or sell a foreign currency at some future date without the obligation to do so.

How it can work for your business:

• Eliminates spot market risk for future transactions
• No obligation to transact if the spot rate is more favourable than your Option’s strike price
• Protect against the risk of a declining currencies

Zero-Cost Range Forwards

A Zero-Cost Range Forward can protect you by giving you a range of exchange rates within which you may sell/buy a currency at expiry of the forward contract.

How it can work for your business:

• Pay no option premium
• Full protection against unfavourable foreign exchange movements
• Predetermined level of protection

Trade Finance

Our full array of Trade Finance services can help you reduce the payment and collection risk associated with importing and exporting.

Our services:

• Documentary Collections
• Letters of Credit
• Standby Letters of Credit
• Guarantees

How it can work for your business:

• Facilitate cross-border sale of goods and services
• Mitigate risks in international trade
• Financing based on trade flows, including discounting of export receivables and refinancing
• Leverage programs offered through our partner Export Credit Agencies