With iBanFirst, you can buy and sell foreign currencies in real time online with just a few clicks.
Step 1: Click on Buy / sell and select the currency to buy
Select the currency to buy. This is the account that will be credited.
Step 2: Select the currency to sell
Select the currency to sell. This is the account that will be debited.
Step 3: Enter the amount and select the currency
Enter the payment amount and currency. You can enter the amount in either the currency to buy or the currency to sell.
Step 4: Select the date
Select the trade value date.
Please note that :
- FX buy / sell orders with execution dates smaller or equal to D+2 are treated as sport orders
- FX buy / sell orders with execution dates greater or equal to D+3 are treated as forward orders
- Forward orders require the activation of the "Forward payments and orders" module
- Forward orders must be validated on the phone with an account manager
Step 5: Click on Next to get an FX quote
When you click on Next, an FX quote request will be sent. The applicable FX rate as well as the corresponding counter-value will be shown.
The FX rate is retrieved in real-time from the FX market and is refreshed every 10 seconds. The counter-value is refreshed accordingly:
The FX rate is not available in cases cases outlined in the following article: FX orders with dealing call.
Click on Validate to validate the FX buy / sell order. Please be aware that, when you click on Validate, the FX buy / sell order is automatically executed.
You can also click on Modify to modify any of the FX buy / sell order details.
Step 6: FX buy / sell order has been executed
FX buy / sell order has been executed. Currency bought has been credited to your account and is immediately available!