Financial Markets Online

Take advantage of the FastNet Business internet banking module, Financial Markets Online. Available to ASB Global Markets customers, this module allows you to monitor, manage and exchange foreign currencies easily and efficiently.

Benefits at a glance

Monitor, manage and exchange foreign currencies online.
Convert a range of foreign currencies against New Zealand dollars or as foreign currency pairs.
Qualifying customers may arrange forward exchange contracts up to one year in advance.

Delegate dealing authority to your staff within nominated limits.
Place foreign exchange orders or set up exchange rate alerts for updates in specific currency pairs.
Get real-time, accurate pricing.

How it works

Financial Markets Online was developed for organisations that need to closely monitor, manage and exchange foreign currencies. It's an optional module that works with FastNet Business International and is available to ASB Global Markets customers. Here's what Financial Markets Online can do:

Deal in a range of currencies

Financial Markets Online gives you access to the most commonly traded currencies, allowing you to buy and sell them between your ASB accounts.

Australian Dollar
Canadian Dollar
Chinese Renminbi
Danish Krone
Euro
Great British Pound
Hong Kong Dollar
Japanese Yen
New Zealand Dollar

Norwegian Krone
Singapore Dollar
South African Rand
Swedish Krona
Swiss Franc
Thai Baht
United States Dollar

Place foreign exchange orders

Financial Markets Online lets you place and cancel foreign exchange orders for most major currencies during ASB trading hours. This allows you to specify an amount and an exchange rate higher or lower than the current market rate and a contract is only booked if the exchange rate reaches your specified order parameters.

Manage currency risk

Changes in exchange rates can impact the profitability of your imports or exports. Financial Markets Online can help qualifying customers manage this risk with a forward exchange contract that allows you to exchange currencies at an agreed rate on an agreed settlement date. This way you're protected from unfavourable exchange rate movements, however you won't benefit from any favourable changes.

Monitor foreign exchange rates

You can set up exchange rate alerts for your currency pairs. This will help you monitor rates and get text or email alerts when your pre-set levels are reached. Alerts are sent only during ASB trading hours.

Works with FastNet Business International

Financial Markets Online is designed to work in conjunction with FastNet Business International. When you're setting up international payments, you can draw on specific currency transactions or contracts you've set up in Financial Markets Online. This gives you more control of your transactions and positions.