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Spot Foreign Exchange
These are purchases and sales of foreign currency, delivered within two working days. We offer very competitive rates on the various currencies.

Foreign Currency Accounts (FCAs)
We offer FCAs to individuals and corporates, with competitive interest rates on offer for the various accounts. Corporate FCAs can be used to pay for approved transactions. We undertake to convert foreign currency to local currency upon request at highly competitive rates.

Bankers' Acceptances (BAs)
BAs are negotiable instruments priced at a discount. They are guaranteed by banks as good for payment on maturity, hence the risk is on the banks that accept the instruments. BAs are rediscounted in the secondary market and are bearer instruments. They are subject to 20% withholding tax, which is deducted at source.

Time Deposits
Deposits are accepted for any period from one to 30 days. They are payable upon demand and are quoted depending on the market conditions and amounts involved. Call deposits attract a 20% withholding tax. The rates can be very volatile as they are market related.

Treasury Bills (TBs)
TBs are discountable gilt-edged securities issued by the Reserve Bank guaranteed by the Government. TBs are rediscounted on the secondary market and are subject to 20% withholding tax, deducted at source.

Repurchase Agreements (Repos)
Repos are agreements entered into by the bank with its clients and counterparts to sell assets for an agreed period of time and buy them back on maturity or vice versa. These also attract a withholding tax of 20%.

Negotiable Certificate of Deposits (NCDs)
NCDs are certificates issued by the bank as evidence of funds deposited. These are bearer instruments, which can be traded on the secondary market. Period of deposit range from 7 days to 365 days.
 
Call Loans
Call loans are made for any period from one to 30 days. They are repayable on demand and their price closely reflect market sentiment, the amounts involved and the short tenor. Call loan rates can be very volatile as they are market related. These loans are an attractive cash-flow management tool.

Portfolio Management
Customers who wish to entrust their investment to our discretion are welcome to enter into a portfolio management agreement with the bank. This way the customers can achieve market related returns on their investment without worrying about the day to day workings of the money markets.

Advisory Services
FBC Bank Treasury offers advisory services to clients and prospective clients on investment options, foreign currency, developments, interest rates, exchange rates, money market and the equities market.