Mondial Change allows you to hedge your foreign exchange risk on the Comorian Franc (KMF). Currently, foreign exchange risk hedging on the Comorian Franc can only be done through NDF (non-deliverable forwards) contracts. The NDF is a hedging instrument used to cover your foreign exchange risk on partially or non-convertible currencies. At the contract's expiration date, the rate at which the contract was concluded is compared with the fixing rate. The latter is official and published daily by the Central Bank of the concerned country. The NDF price represents the probability of a revaluation (or devaluation) of the currency. Therefore, the NDF price will not be linked to the interest rate differential between the two currencies involved. The NDF thus allows you to hedge your foreign exchange risk without any cash flow being transferred in the non-convertible currency. You can schedule a meeting with our trading desk. An expert market advisor will assist you in setting up your foreign exchange hedges on the Comorian Franc (KMF).
To obtain accurate quotes on your Comorian Franc (KMF) hedges, we invite you to contact our trading desk.
Are there minimum or maximum amounts to set up hedges in Comorian Franc (KMF)?
The maximum amount of Comorian Franc (KMF) hedges you can validate primarily depends on the size of the forward exchange line granted to you. The granted line conditions depend on the review of your financial statements. Regarding minimum sizes, we generally do not take hedges for amounts below 10,000 EUR (or equivalent in other currencies).
What is the maximum possible maturity for Comorian Franc (KMF) hedges?
What are the setup fees for foreign exchange risk hedging in Comorian Franc (KMF)?
All fees related to setting up Comorian Franc (KMF) hedges are included in the exchange rate communicated to you before validating your transaction. The hedging is done by phone with a trading desk operator. No fees are applied to the use of your hedges.
Is a security deposit required to take a hedge in Comorian Franc (KMF)?
Again, this depends on the conditions of your forward exchange line. Thanks to its network of partners, Mondial Change generally manages to obtain forward exchange lines without an initial security deposit. Depending on your line conditions, margin calls may be triggered on your Comorian Franc (KMF) hedging contracts if the EUR/KMF rate (or any other pair on which you have validated a hedge) deteriorates beyond the variation margin or beyond your OTM. In this case, you must deposit funds as collateral to keep your Comorian Franc (KMF) contracts open. Based on the review of your financial statements, lines without margin calls may sometimes be granted.
Are there forward points or backward points on forward contracts in Comorian Franc (KMF)?
It all depends on whether you are a buyer or seller of Comorian Franc (KMF) and against which currency you are trading the Comorian Franc. If we take an example against the euro: If you are a buyer of Comorian Franc (KMF) against the EUR, then there are déport points because the interest rate of the Comorian Franc (KMF) is inférieur to that of the EUR. Conversely, if you are a seller of Comorian Franc (KMF) against the EUR, then there are report points.
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