Currency swaps

Cash purchase and simultaneous forward sale (or vice versa) of a foreign currency to guarantee an exchange rate.

Offered in most currencies in amounts of $20,000 or more.

Advantages

• Amounts and dates can be matched with a commercial transaction, thus eliminating any residual risk.
• Allows you to optimize multi-currency cash flow management. A cost-effective solution if you have accounts receivables and payables in the same currency at different dates.

Example: Let's say you've taken out a loan in Canadian dollars to import raw materials from the U.S. to produce goods you will export back to the U.S. You can sell your caisse the borrowed Canadian dollars to get U.S. dollars to pay your suppliers, and simultaneously make a forward purchase of Canadian dollars (in the amount of the loan at maturity) for the sale of the U.S. dollars you'll receive following the sale of your product. This gives you both access to Canadian dollars and protection against exchange rate fluctuations.

	At the caisse	Make an appointment with an advisor at a caisse.
	At a Desjardins Business Centre	Make an appointment with an account manager at a Desjardins Business Centre.