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Hedge Currency Risk in SYP - Syrian Pound

Currency Risk Coverage on the Syrian Pound (SYP) with Mondial Change

Mondial Change allows you to hedge your currency risk on the Syrian Pound (SYP). Currency risk coverage on the Syrian Pound can currently only be done through NDF (non-deliverable forwards) contracts. The NDF is a hedging instrument used to cover your currency 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 currency risk without any cash flow being transferred in the non-convertible currency. You can schedule a meeting with our trading room. An expert market advisor will assist you in setting up your currency hedges on the Syrian Pound (SYP).

To obtain accurate quotes on your hedges in Syrian Pound (SYP), we invite you to contact our trading room.

Mondial Change answers all your questions about currency risk coverage for your operations in Syrian Pound (SYP)

Are there minimum or maximum amounts to set up hedges in Syrian Pound (SYP)?

The maximum amount of hedges in Syrian Pound (SYP) that you can validate primarily depends on the size of the forward exchange line granted to you. The line conditions granted 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 hedges in Syrian Pound (SYP)?

Generally, we do not offer hedges in Syrian Pound (SYP) for maturities exceeding 24 months, but this can be considered on a case-by-case basis. Please contact our trading room for a personalized study of your needs.

What are the setup fees for currency risk hedges in Syrian Pound (SYP)?

All fees related to setting up hedges in Syrian Pound (SYP) are included in the exchange rate communicated to you before the validation of your operation. The hedge is taken by phone with a trading room operator. No fees are applied to the use of your hedges.

Is a security deposit required to take a hedge in Syrian Pound (SYP)?

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 hedging contracts in Syrian Pound (SYP) if the EUR/SYP 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 contracts in Syrian Pound (SYP) 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 Syrian Pound (SYP)?

It all depends on whether you are a buyer or seller of Syrian Pound (SYP) and against which currency you are trading the Syrian Pound. If we take an example against the euro: If you are a buyer of Syrian Pound (SYP) against the EUR, then there are déport points because the interest rate of the Syrian Pound (SYP) is inférieur to that of the EUR. Conversely, if you are a seller of Syrian Pound (SYP) against the EUR, then there are report points.

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