Introducing eFX On AmAccess Biz
With the eFX platform, you can now perform FX transactions at your fingertips. Exclusively on AmAccess Biz, our online banking channel for businesses.
The eFX platform allows you to access real-time FX rates, book FX contracts
and perform settlements in a single platform.
Let us be part of your journey in taking your business to new heights!
eFX Online Benefits
Check real-time FX rates at your convenience from your desktop/palm
Book FX contracts for value TOD / TOM / SPOT / FORWARD
Set FX Alerts to receive notification when FX rates reach your target level
Place FX Firm Orders to auto-book a contract when FX rates reach your target level
About Foreign Exchange "FX" Contracts
We offer various types of FX contracts in over 30 currencies. Here are some of the definitions to help guide you in your eFX journey with us:
FX (TOD) contracts refer to FX contracts whereby the contract settlement takes place on the same day as the day the contract is booked.
Example: Contract booked on Mon, 04 Nov 20XX – to be settled on Mon, 04 Nov 20XX.
FX (TOM) contracts refer to FX contracts whereby the contract settlement takes place one (1) business day after the day the contract is booked.
Example: Contract booked on Mon, 04 Nov 20XX – to be settled on Tue, 05 Nov 20XX.
FX (SPOT) contracts refer to FX contracts whereby the contract settlement takes place two (2) business days after the day the contract is booked.
Example: Contract booked on Mon, 04 Nov 20XX – to be settled on Tue, 06 Nov 20XX.
FX (OUTRIGHT FORWARD) contracts refer to FX contracts whereby the contract settlement takes place beyond two (2) business days after the day the contract is booked.
Example: Contract booked on Mon, 04 Nov 20XX for maturity date on Mon, 18 Nov 20XX – to be settled on Mon, 18 Nov 20XX.
FX (TIME OPTION FORWARD) contracts refer to FX contracts whereby the contract settlement takes place within a specified time frame beyond two (2) business days after the day the contract is booked.
Example: Contract booked on Mon, 04 Nov 20XX for start date on Mon, 11 Nov 20XX and maturity date on Mon, 18 Nov 20XX – to be settled anytime between 11 -18 Nov 20XX.
Access and trade up to 30 currency pairs
AUD
Australian Dollar |
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BND
Brunei Dollar |
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CAD
Canadian Dollar |
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CHF
Swiss Franc |
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EUR
Euro |
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GBP
Pound Sterling |
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NZD
New Zealand Dollar |
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PGK
Papua New Guinea Kina |
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SGD
Singapore Dollar |
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USD
US Dollar |
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AED
United Arab Emirates Dirham |
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BDT
Bangladesh Taka |
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CNY
Chinese Renminbi |
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DKK
Danish Krone |
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HKD
Hong Kong Dollar |
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IDR
Indonesian Rupiah |
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INR
Indian Rupee |
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JPY
Japanese Yen |
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KRW
South Korean Won |
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LKR
Sri Lanka Rupee |
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NOK
Norwegian Krone |
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PHP
Philippine Peso |
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PKR
Pakistani Rupee |
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QAR
Qatari Rial |
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SAR
Saudi Riyal |
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SEA
Swedish Krona |
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THB
Thai Baht |
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TWD
Taiwan Dollar |
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VND
Vietnamese Dong |
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ZAR
South African Rand |
It is easy to Book a Contract via the eFX capabilities.
Here’s a simple guide:
Login to AmAccess Biz and click ‘Foreign Exchange’ at the menu.
At ‘FX Contract’, click on ‘Book New Contract’ and fill in FX contract details.
Review Contract details, click ‘Perform Transaction’ and you are done.
Ready to perform an eFX now? Click here to experience.
Not an AmBank / AmBank Islamic business customer yet? Click here to open an account, digitally.