Hedge Foreign Exchange Risk in UZS - Uzbekistani Som

The maximum amount of hedges in Uzbekistani Som (UZS) 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).

All fees related to setting up hedges in Uzbekistani Som (UZS) are included in the exchange rate communicated to you before validating your operation. The hedging is done by phone with a trading desk operator. No fees are applied to the use of your hedges.

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 Uzbekistani Som (UZS) if the EUR/UZS rate (or any other pair on which you have validated a hedge) deteriorates beyond the variation margin or beyond your OTM. In such cases, you must deposit funds as collateral to keep your contracts in Uzbekistani Som (UZS) open. Based on the review of your financial statements, lines without margin calls can sometimes be granted.

No minimum amount for drawdowns on your flexible forward contracts in Uzbekistani Som (UZS). You can draw autonomously on the online platform as many times as you wish between the contract initiation and the maturity date of your forward contract in Uzbekistani Som (UZS).

In this case, there are two possibilities. You can sell the balance of your contract by paying the potential foreign exchange loss if the exchange rate at the time of resale is less favorable than your contract rate. Alternatively, you can ask Mondial Change to extend your contract in Uzbekistani Som (UZS) for a few months to give you time to use it. Mondial Change and its partners reserve the right not to accept postponing the contract maturity date.

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