Customers with accounts in Hong Kong: foreign exchange forward contract service enhancements

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Customers with accounts in Hong Kong: foreign exchange forward contract service enhancements

Dear HSBCnet User,

As part of our ongoing review of the products and services offered via HSBCnet, the foreign exchange (FX) forward contract services on HSBCnet will soon be enhanced for accounts domiciled in Hong Kong.

Over the months of October and December 2015, the way in which forward contract payments are submitted and processed via HSBCnet will be changing. Please review the information below for details on how these changes may impact your HSBCnet service.

Forward rates for forward-dated payment and transfer instructions
Effective 25 October 2015, FX rates for forward-dated instructions will be fixed based on the value date of the payment/transfer instruction using the Bank’s prevailing rate. After the effective date, online forward rates for forward-dated payment or transfer instructions will not be available on HSBCnet. If you would like to book a forward FX rate that is hedged for a specific value date, you will need to individually arrange for a FX forward contract with your HSBC representative.

Forward contract settlements
As of 18 December 2015, your FX forward contracts will be automatically settled and you will no longer be required to provide settlement instructions on HSBCnet. After the effective date, the debit account as listed in your contract will automatically be debited and the exchanged funds credited to your nominated settlement account without the need to provide any on-screen FX details in HSBCnet.

From 18 December, when creating a payment instruction using the credited funds after contract take-up on HSBCnet, follow the steps as follows:

Select the settlement account as the debit account;

Choose the payment currency as the final intended currency for the beneficiary account;

Do not input any FX contract numbers in the payment.

For additional information, please review the Frequently Asked Questions, available here

Should you have any further enquiries, please contact your HSBC representative.

Sincerely,

Your HSBCnet Team

Please do not reply to this e-mail.

The postal address for related inquiries is:
HSBC - E-Channels
8 Canada Square
London UK E14 5HQ

This communication is provided by HSBC Bank plc on behalf of the member of the HSBC Group that has contracted with your organisation for the provision of HSBCnet services. You received this e-mail notification because you are a registered User of HSBCnet. Should you have any concerns regarding the validity of this message, please contact your local HSBCnet customer support.

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	Customers with accounts in Hong Kong: foreign exchange forward contract service enhancements Dear HSBCnet User, As part of our ongoing review of the products and services offered via HSBCnet, the foreign exchange (FX) forward contract services on HSBCnet will soon be enhanced for accounts domiciled in Hong Kong. Over the months of October and December 2015, the way in which forward contract payments are submitted and processed via HSBCnet will be changing. Please review the information below for details on how these changes may impact your HSBCnet service. Forward rates for forward-dated payment and transfer instructions Effective 25 October 2015, FX rates for forward-dated instructions will be fixed based on the value date of the payment/transfer instruction using the Bank’s prevailing rate. After the effective date, online forward rates for forward-dated payment or transfer instructions will not be available on HSBCnet. If you would like to book a forward FX rate that is hedged for a specific value date, you will need to individually arrange for a FX forward contract with your HSBC representative. Forward contract settlements As of 18 December 2015, your FX forward contracts will be automatically settled and you will no longer be required to provide settlement instructions on HSBCnet. After the effective date, the debit account as listed in your contract will automatically be debited and the exchanged funds credited to your nominated settlement account without the need to provide any on-screen FX details in HSBCnet. From 18 December, when creating a payment instruction using the credited funds after contract take-up on HSBCnet, follow the steps as follows: Select the settlement account as the debit account; Choose the payment currency as the final intended currency for the beneficiary account; Do not input any FX contract numbers in the payment. For additional information, please review the Frequently Asked Questions, available here Should you have any further enquiries, please contact your HSBC representative. Sincerely, Your HSBCnet Team



Please do not reply to this e-mail. The postal address for related inquiries is: HSBC - E-Channels 8 Canada Square London UK E14 5HQ This communication is provided by HSBC Bank plc on behalf of the member of the HSBC Group that has contracted with your organisation for the provision of HSBCnet services. You received this e-mail notification because you are a registered User of HSBCnet. Should you have any concerns regarding the validity of this message, please contact your local HSBCnet customer support. We maintain strict security standards and procedures to prevent unauthorised access to information about you. HSBC will never contact you by e-mail or otherwise ask you to validate personal information, such as your Username, Password or account numbers. If you receive such a request, please call your local HSBCnet customer support. Links within our e-mails will only take you to information pages. If you wish to unsubscribe from receiving service information from HSBCnet, please click here. © Copyright. HSBC Bank plc 2015. All rights reserved. Privacy & Data Protection Statement \| Terms & Conditions