Safeguard your minimum profit from currency fluctuation.

• This service offers the right to buy or sell foreign currencies (FX Option) at a future delivery date specified by the amount and the currency exchange rate specified in the contract. If the market exchange rate on the delivery date is more favorable than the rate specified in the contract, you can choose not to exercise your right as stipulated in the contract, and rather buy or sell foreign currency at the market rate
• The sellers or the buyers of a FX Option must have a transaction underlying their trade and must be able to show evidence of such to the bank on the date of the transaction unless special approval is granted by the Bank of Thailand
• A Credit Limit is required
• There is a minimum transaction amount requirement, depending on the currency (for US dollars, the minimum is $100,000)
• An FX Option contract requires delivery of actual transactions. You cannot pay the difference between the guaranteed price against the market price. You need to buy or sell foreign currencies according to the guaranteed price
• These products are complex and only suitable for those prepared to speculate in order to profit from foreign exchange rate directions. Some products have conditions that may leave some of your exposure unhedged. A clear understanding of product features, advantages, and disadvantages is required before making any decision about using these products

The premium is subject to various factors such as the spot rate, the strike rate (the pre-agreed exchange rate), the period until the delivery date, interest rates on both currencies and the volatility of the foreign exchange.