Foreign currency conversion (Forex) services represent an important element of cash management and investment strategy.

SNBL offers execution of Forex between any pair of currencies serviced, including -all major and most emerging market on spot, forward, swap and Non Deliverable Forwards (NDF) basis.

Its Forex services are used by investment managers for a wide range of purposes, ranging from cash management, acquiring foreign currencies to finance the investment vehicle's foreign securities purchases, to engaging in active currency management or currency hedging.

Although currency hedging by means of forward contracts is generally executed on basis of the investment manager's specific instructions, SNBL also offers an automatic service whereby the hedge ratios are monitored and adjusted on the basis of standing instructions.

SNBL's Straight-Through-Processing technology is also used to settle foreign exchange trades executed by the investment manager directly with a third party.