of gold coins. The spot desk also submits rates for punch marking to fedai RBI. Structured Products (fenp) : Structured Products Desk handles structuring of Forex Interest Rate Products to provide complete hedging solution to customers. Tel : 0032/3/2050204.
SBI is the biggest market maker in USD/INR. Forex, markets section has various desks to handle these. Our forex desk is linked to various specialised desks of the Bank across various time zones, and currency markets and can offer a variety of products including derivatives.
USD/ INR forwards : SBI is the biggest market maker in USD/INR forwards market. This desk handles all those forex flows where INR- Indian Rupee is one of the currencies. The desk also acts as the market maker for USD/INR pair in the inter-bank market. The underlying of an option contract can be stock, currencies, indices, commodities etc. Currency purchase/sale : The positions arising out of purchase and sale of foreign exchange from/to customers are to be covered in the interbank market. Forex Exchange, our forex desk is linked to various specialised desks of the Bank across various time zones, and currency markets and can offer a variety of products including derivatives. Our customer base includes some of the well known Indian corporate with underlines of loans (both rupee as well as FC). USD/INR Spot: The majority of the transactions taking place in forex necessarily involve the pair of USD/INR. The currency pairs other than USD/INR (Cross currency pairs) are dealt separately. These are used to hedge the currency or exchange rate risk. Some of the very high value merchant transactions are also handled directly at this desk. Or in different currencies - Currency swap, or a combination of these.