Bank Bills are usually drawn for terms ranging from 30 to 185 days, subject to availability of stock. In business, interest rate risk cannot be altogether avoided but it can be minimised with BankWest's complete and integrated range of interest rate risk management products. These include Forward Rate Agreements, Interest Rate Swaps, Forward Swaps, and Amortised and Escalating Swaps. A range of Interest Rate Options is also available, including Caps, Floors and Collars. These options are a form of low cost insurance against unexpected movements in currency values.
Downside risk is limited, while upside potential is retained.
Budget targets are easier to formulate and achieve. All of which allows you to concentrate on your core business. Assistance is readily available on the technical aspects of using Options and individual deals can be adapted to meet your requirements. We offer both At Call and Fixed Term Foreign Currency Accounts in most currencies. Normal transaction fees apply to these accounts.