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Our pledge to companies

Option

Option

An option is a right to buy or sell a certain asset (in this case a foreign currency) at a certain price. The acquisition of this right has an initial price, known as premium.

 

1. Importer


If your company imports in USD, you will have to buy a set amount of USD at a future date. Exchange rate insurance guarantee you a fixed purchase price, regardless of the evolution of the EUR/USD exchange rate.

Gráfico1

On the other hand, a purchase of call USD , allows you to establish a minimum rate ( strike ) which you will buy, in exchange for paying a premium, higher or lower depending on the established rate. On maturity:

  • If EUR/USD < strike : you will buy at the strike (eliminates unfavorable scenarios).
  • If EUR/USD > strike : you will be able to buy at the market price (allows you to take advantage of favourable movements).

Gráfico2

The advantage of a call USD is that it covers the unfavourable evolution of the exchange rate, and allows you to take advantage of the whole movement in your favour.

 

2. Exporter


If your company is an exporter in USD, you will have to sell a determined amount of USD at a future date. An exchange insurance guarantees you a fixed sale price, regardless of the evolution of the contribution of the EUR/USD.

Gráfico3

On the other hand, a purchase of put USD, allows you to establish a maximum rate ( strike ) at which you will sell, in exchange for paying a premium, which will be higher or lower depending on the established rate. On maturity:

  • If EUR/USD > strike : will sell to the strike (eliminates unfavorable scenarios).
  • If EUR/USD < strike : you will be able to sell at the market price (taking advantage of favourable movements).

Gráfico4


The advantage of a put USD is that it covers the unfavourable evolution of the exchange rate, and allows you to take advantage of the whole movement in your favour.

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