Flexibility Meets Protection

The building block of flexible hedging

A standard FX option gives you the right — but not the obligation — to exchange currencies at a pre-agreed rate on a future date. You pay a premium upfront in exchange for downside protection while retaining full upside if rates move in your favor.

Best for: Businesses seeking protection without commitment

Zero-cost protection with a cap

Combines a forward contract with an option to create a zero-premium hedge. You are protected at a worst-case rate, and can benefit from favorable moves up to a pre-defined best-case level. No upfront cost.

Best for: Budget-conscious hedgers wanting some flexibility

Guaranteed rate with partial upside

Guarantees a minimum exchange rate for your full exposure, while allowing you to participate in a percentage of any favorable rate movement. Typically zero-premium. Ideal when you expect volatility but want certainty.

Best for: Hedgers who want a floor with upside participation

Range-bound protection

Establishes a range with a guaranteed worst-case rate and a best-case cap. Typically zero-premium as the cost of protection is offset by selling the upside beyond the cap. Provides certainty within a defined band.

Best for: Treasury teams that need to budget within a range

Barrier-activated hedging

Options that activate (knock-in) or deactivate (knock-out) when the spot rate hits a specified barrier level. Allows for highly tailored hedging strategies at reduced premiums compared to vanilla options.

Best for: Sophisticated hedgers with specific market views