Foreign Exchange Contracts

Wherever you do business, efficiency and competitiveness are the name of the game. By offering a variety of Foreign Exchange Services, Associated Bank can help your business gain the competitive edge in international markets.

We can assist your corporation in obtaining or converting foreign currency as well as provide you with information on buying and selling rates for most commonly traded foreign currencies. Associated Bank also has access to most markets you do business with – including selected minor and exotic currencies.

Our wide range of foreign exchange products and services include:

• Foreign Currency Remittances
• Wire Transfers and International Drafts
• Spot Contracts
• Forward Contracts
• Swap Transactions
• Cross Currency Transactions
• Watch Orders
• Foreign Currency Options

Additionally, our staff can help you maximize opportunities and minimize risk in foreign exchange markets by identifying your foreign exchange exposures and implementing appropriate hedging strategies.

Improving Competitiveness Overseas
The primary advantage of quoting an international trade transaction in foreign currency is local market competitiveness. Given a choice between doing business in their own currency or the U.S. Dollar, an international company will generally prefer their own currency. While you may not be giving your customers the option, your competitors most likely are. Quoting an international trade transaction in the local currency could mean the difference of doing business with a potential customer and increasing sales or losing the transaction altogether.

If you have any questions, please feel free to contact the International Banking Department at 1-800-230-5506 (Mon-Fri 8:30am - 5:00pm CST).

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