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    Foreign Exchange (FX) and Precious Metal (PM) Spot, Forward & Swaps

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    Adrian Turion

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    © All Rights Reserved
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    Foreign Exchange (FX) and Precious Metal (PM) Spot, Forward & Swaps

    Uploaded by

    Adrian Turion
    83 views1 page

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    fx-pm-spot-en

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    83 views1 page

    Foreign Exchange (FX) and Precious Metal (PM) Spot, Forward & Swaps

    Uploaded by

    Adrian Turion

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Foreign Exchange (FX)

    and Precious Metal (PM)


    Spot, Forward & Swaps
    Fee schedule
    Valid from 03 May 2017 for clients of UBS Switzerland AG only

    FX/PM FEE STRUCTURE FX/PM FORWARD MARK-UP


    With respect to FX and PM spot, forward and swap Forward mark-ups are up to 0.80% p.a.5 on the spot Market
    transactions, UBS may earn a profit in the form of a mark-up Side Rate.
    applied to the rates (“Market Side Rate”) obtained from its
    market side counterparty (UBS Investment Bank). Such mark- For FX & PM forward transactions the total mark-up for the
    up will be applied irrespective of whether the FX spot, client consists of the spot mark-up plus the forward mark-up.
    forward and swap transactions are directly instructed by the
    client or are induced by another service or transaction that For FX & PM swap transactions only the forward mark-ups
    require a currency conversion (“FX induced”). apply.

    FX induced transactions1 may result e.g. from a purchase of Example:


    foreign securities, payments and withdrawals in foreign
    currency (including by credit/debit cards), investments as part Client would like to buy EUR 500,000 in exchange for USD for
    of a discretionary mandate, etc. Such mark-ups are one-off value 1 months' time. The spot Market Side Rate is 1.0900
    and may be applied in addition to all-in management fees or and the forward Market Side Rate is 1.0913. From the table
    payment transaction fees (e.g. credit cards). above the spot mark-up to be applied is 0.70%. The forward
    mark-up is additional 0.07% (calculated as 1 month from
    Below overview shows the maximum mark-ups applied by 0.80% p.a.). The effective client exchange rate is calculated as
    UBS: the forward Market Side Rate of 1.0913 plus the spot mark-
    up of 0.0076 (0.70% of 1.0900) plus the forward mark-up of
    0.0008 (0.07% of 1.0900). That equals a client Forward rate
    of 1.0997 (1.0913 + 0.0076 + 0.0008).
    FX/PM SPOT MARK-UP
    The client would therefore buy EUR 500,000 in exchange for
    Below maximum mark-ups are applied per FX/PM spot USD 549,850.
    transaction:
    Notes
    Currencies & Transaction volume CHF equivalent
    Precious • For an FX/PM transaction the currency with the larger
    Metals >=100,000 >=250,000 mark-up is defining the mark-up.
    <100,000 >=1 mio
    to <250,000 to <1 mio • For clients with a bespoke mark-up agreement, the
    Major client specific mark-up is applied.
    1.70% 1.00% 0.70% 0.40%
    Currencies 2 • Rounding differences may apply which can be up to 10
    Minor bps on client spot resp. forward rate6,7
    2.40% 1.50% 1.00% 0.50% • On Precious Metal, additional charges for physical
    Currencies 3
    Other production, delivery and availability in location (loco fee)
    3.60% 2.70% 1.00% 0.50% might apply.
    Currencies
    Precious
    2.20% 1.40% 0.90% 0.50% For further information on OTC products and charges please
    Metals4
    contact your Client Advisor.

    1 FX induced transaction might be processed with a time delay e.g. at an end of day batch process. Market rate might therefore be different from the market rate at time of
    order submission.
    2 Major currencies are AUD, CAD, CHF, DKK, EUR, GBP, HKD, JPY, NOK, NZD, SEK, SGD, USD (ISO code)
    3 Minor currencies are AED, BHD, CZK, HUF, ILS, KWD, MAD, OMR, PLN, QAR, SAR, THB, ZAR (ISO code)
    4 Precious Metals are XAU (Gold), XAG (Silver), XPT (Platinum), XPD (Palladium); not applicable for coins.
    5 up to 2.00% p.a. can be applied for tenors > 2 years for clients with credit limits (due to additional capital and credit cost requirements).
    6 Due to calculation methodology it can occur that a lower volume band is applied on transactions where inverse quotation (deviating from market practice) or where buy resp.

    sell amount is defined in the second currency.


    7 FX rates can be rounded up 5 digits (including pre-decimal digits)

    © UBS Switzerland AG 2018. All rights reserved. Conditions may be amended from time to time in writing. This document is intended for your information only and is not intended as an
    offer or a solicitation of any offer to buy or sell investments; version 03/2018

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