Protect your margins with the currency options of HanzePay

Managing currency risk doesn't have to mean missing out on opportunities. Our option products protect you against unfavourable exchange rate movements, while allowing you to benefit from a favourable market. All HanzePay option products are zero-cost: no upfront premium is charged.

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What are currency options at HanzePay?

A currency option is a structured FX product that protects you against an unfavourable exchange rate development, while keeping open the possibility of benefiting when the market moves in your favour.

HanzePay offers exclusively deliverable FX: all transactions result in actual delivery of currency. Our products are intended for companies with a genuine currency need, not for speculative purposes.

Our option products

HanzePay offers three core option products for currency management. For bespoke solutions or additional structures, please contact our options desk.

1

Tracker Forward

The Tracker Forward gives you full protection against an unfavourable exchange rate movement and the opportunity to partially benefit when the market moves strongly in your favour.

You fix a guaranteed minimum rate upfront (the Strike Rate). If the market moves slightly positive, you transact at the Strike Rate. If the rate rises strongly above the Tracking Strike, you partially benefit, reduced by a pre-agreed tracking percentage.

How does it work?

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    Market falls: You transact at the guaranteed Strike Rate. Full protection.
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    Market rises slightly (below Tracking Strike): You still transact at the StrikeRate. Protection remains active.
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    Market rises strongly (above Tracking Strike): You partially benefit: effectiverate = spot rate minus the tracking percentage.

Who is this product suitable for?

The Tracker Forward suits companies that want certainty over a minimum rate, want to benefit if the market rises strongly, and are willing to accept a slightly less favourable base rate in exchange for that upside potential.
Tracker Forward
2

Participating Forward

The Participating Forward gives you full protection against a falling exchange rate while also giving you the freedom to trade 50% of your amount on the market when the rate moves in your favour.

If the market falls, your full amount is protected at the Strike Rate. If the market rises, you trade 50% at the Strike Rate and the other 50% freely at the better market rate. This makes the Participating Forward a straightforward and transparent product with just two possible scenarios.

How does it work?

  • White checkmark inside a blue gradient circle.
    Market falls: You buy the full amount at the guaranteed Strike Rate. Full protection.
  • White checkmark inside a blue gradient circle.
    Market rises: 50% of your amount is traded at the Strike Rate; the other 50% is traded freely at the more favourable market rate.

Who is this product suitable for?

The Participating Forward suits companies thatwant certainty in a falling market, want to benefit even from a modest raterise, and prefer a straightforward product with two clear scenarios.
PARTICIPATING WEBSITE
3

Forward Extra

The Forward Extra gives you full protection against a falling exchange rate and the freedom to trade fully on the market if the rate rises — but only as long as the rate does not reach a pre-agreed level (the Knock-In Barrier) on the expiry date.

Important: the barrier is measured exclusivelyon the Expiry Date ('at expiry only'). How the rate moves in between isirrelevant. If the barrier is reached on the expiry date, you are obliged totransact at the Strike Rate.

How does it work?

  • White checkmark inside a blue gradient circle.
    Market falls: You transact at the guaranteed Strike Rate. Full protection.
  • White checkmark inside a blue gradient circle.
    Market rises, barrier not reached: You trade freely at the favourable market rate. Maximum benefit.
  • White checkmark inside a blue gradient circle.
    Market rises, barrier reached (at expiry): The Knock-In is activated: you are obliged to transact at the Strike Rate. The market advantage is forfeited.

Who is this product suitable for?

The Forward Extra suits companies that wantfull freedom to trade at market rates when the rate rises, are confident thechance of the market reaching the Knock-In Barrier exactly on the expiry dateis small, and are willing to accept that barrier risk in exchange for a morefavourable base rate and full upside freedom.
Forward Extra

Why choose currency options with HanzePay?

zero-payment

Zero-cost products:

No upfront option premium is charged. The protection and potential benefit are built into the product structure itself.
money-protection

Full downside protection:

Every product guarantees a minimum rate (Strike Rate), so you are never caught off guard by an unfavourable market.
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Flexibility to benefit:

Depending on the chosen product, you retain the ability to (partially or fully) benefit from a favourable exchange rate development.
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Clear structure:

Every product has fixed expiry dates and clear scenarios, so you always know where you stand.
Advice

Personal advice:

Our specialists work with you to determine which product best fits your risk profile, cash flow and market view.
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More possibilities:

In addition to the three standard products, HanzePay can also structure bespoke solutions. Contact our options desk for more information.

Contact our options desk

Would you like to know more about which option product best suits your situation? Or are you looking for a tailor-made solution for your currency risk? Our options specialists are ready to help.HanzePay will be offering this product shortlyin partnership with Alt21. Would you like to be among the first to get access,or do you have questions about how this fits your cash management?

Whether it's a question about how one of our products works, or a complex bespoke hedging strategy — we are happy to think along with you.
HanzePay:
+31 38808 0391
Available on business days.
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Open an account today and discover the benefits of advanced currency management

Protect your business against currency risk and maximise your financial stability with HanzePay's option products.
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Contact details for the Netherlands
+31 38 202 28 83info@hanzepay.com
Grote Voort 247
8041 BL Zwolle

For clients based in the European Economic Area, the issuance of e-money and the provision of related payment services forHanzePay B.V.are provided by CurrencyCloud B.V. CurrencyCoud B.V. is registered with the Dutch Chamber of Commerce in the Netherlands under number 72186178. Registered office Mr. Treublaan 7, 1097 DP, Amsterdam, Netherlands. CurrencyCloud B.V. is licensed and regulated by De Nederlandsche Bank as an Electronic Money Institution (Relation Number: R142701)
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Payment services in the United States are provided by Visa Global Services Inc. (VGSI), a licensed money transmitter (NMLS ID 181032) in the states listed here: https://usa.visa.com/legal/visa-global-services-licenses.html  VGSI is licensed as a money transmitter by the New York Department of Financial Services. Mailing address: 900 Metro Center Blvd, Mailstop 1Z, Foster City, CA 94404. VGSI is also a registered Money Services Business (“MSB”) with FinCEN and a registered Foreign MSB with FINTRAC. For live customer support contact VGSI at (888) 733-0041.
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Payment and e-money services are provided by The Currency Cloud Limited. Registered in England No. 06323311.Registered Office: 1 Sheldon Square, London, W2 6TT, United Kingdom. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199).

HanzePay BV is a company registered in the Netherlands (number 84599200). Foreign exchange services are provided by Assure Hedge (UK) Limited which is authorised and regulated by the Financial Conduct Authority (firm reference number 783837) and is a company registered in England and Wales (number 10723112). The registered address is 45 Eagle Street, London WC1R 4FS, United.


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