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Hedge Foreign Exchange Risk in TJS - Tajikistani Somoni

Drapeau Hedge Foreign Exchange Risk in TJS - Tajikistani Somoni

Foreign Exchange Risk Coverage on Tajikistani Somoni (TJS) with Mondial Change

Mondial Change allows you to hedge your foreign exchange risk on the Tajikistani Somoni (TJS). The foreign exchange risk coverage on the Tajikistani Somoni can currently 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 room. A market expert advisor will assist you in setting up your foreign exchange hedges on the Tajikistani Somoni (TJS).

To obtain accurate quotes on your hedges in Tajikistani Somoni (TJS), we invite you to contact our trading room.

Mondial Change answers all your questions about foreign exchange risk coverage for your operations in Tajikistani Somoni (TJS)

Are there minimum or maximum amounts to set up hedges in Tajikistani Somoni (TJS)?

The maximum amount of hedges in Tajikistani Somoni (TJS) 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 Tajikistani Somoni (TJS)?

Generally, we do not offer hedges in Tajikistani Somoni (TJS) for maturities exceeding 24 months, but this can be reviewed on a case-by-case basis. Please contact our trading room for a personalized assessment of your needs.

What are the setup fees for foreign exchange risk hedges in Tajikistani Somoni (TJS)?

All fees related to the setup of hedges in Tajikistani Somoni (TJS) are included in the exchange rate communicated to you before the validation of your transaction. The hedging is done 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 Tajikistani Somoni (TJS)?

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 Tajikistani Somoni (TJS) if the EUR/TJS 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 maintain your contracts in Tajikistani Somoni (TJS) open. Based on the review of your financial statements, lines without margin calls can sometimes be granted.

Are there carry points or discount points on forward contracts in Tajikistani Somoni (TJS)?

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

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