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ScotiaFX

Currencies

Currency Currency Name Currency Currency Name Currency Currency Name
AUD Australian Dollar FJD Fiji Dollar* NOK Norwegian Krone
BBD Barbados Dollar* GBP British Pound NZD New Zealand Dollar
BMD Bermudian Dollar* GYD Guyana Dollar* PLN Polish Zloty
BSD Bahamian Dollar* HKD Hong Kong Dollar SAR Saudi Riyal*
BZD Belize Dollar* ILS Israel Shekel SEK Swedish Krona
CAD Canadian Dollar INR Indian Rupee* SGD Singapore Dollar
CHF Swiss Franc JMD Jamaican Dollar* TTD Trinidad Tobago Dollar*
CZK Czech Koruna JPY Japanese Yen USD United States Dollar
DKK Danish Krone KYD Cayman Island Dollar* XCD East Carribean Dollar*
EUR Euro MXN Mexican Peso ZAR South African Rand*
* Currencies Scotiabank is pleased to sell.
NOTE: We do not purchase these currencies online.
 

Settlement Information

Cash

  • Cash transactions (also referred to as O on ScotiaFX) or sameday value transactions in USD/CAD must be transacted prior to 5pm EST to ensure proper settlement and good value. ScotiaFX cannot execute sameday value transactions for any other currencies.

    Please note that at 5:00 p.m. EST, the trade date will advance to the next business day.

Spot

  • Market convention for USD/CAD trades dictates settlement for the next business day. For example a trade done on a Friday would settle on the following Monday.
  • For all other currencies (both against the USD and against CAD) market convention is two business days settlement. For example a GBP/CAD trade executed on a Friday would settle on the following Tuesday and a USD/JPY trade executed on a Thursday would settle on the following Monday.
  • Trades must be settled on ScotiaFX and all settlement instructions must be received by 5:00 p.m. EST the day prior to the value date of the trade to ensure proper settlement and good value.

Forward Contracts

  • Forward Contracts can be booked up to a maximum of one year subject to your credit terms. On ScotiaFX you can book forward contracts with an optional delivery period up to a maximum of thirty days.
  • Trades must be settled on ScotiaFX and all settlement instructions must be received by 5:00 p.m. EST the day prior to the value date of the trade to ensure proper settlement and good value.

Drawdowns

  • To drawdown a contract during the optional delivery period, please consult the Online Trading User Guide or call 1-877-999-7239 for assistance.
  • Trades must be settled on ScotiaFX and all settlement instructions must be received by 5:00 p.m. EST the day prior to the value date of the trade to ensure proper settlement and good value.

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