Calculadora Financeira e de Risco Interativa · Auditoria E-E-A-T
PT · PortuguêsCross-border corridor FX forward & swap-points calculator
Cross-border payment institutions and remittance treasuries lock in T+2 to T+90 corridor rates using wholesale FX forwards. This calculator derives covered-interest-parity forward rates and swap points from base and quote corridor money-market benchmarks.
Forward rate
1.08836
- Forward points
- 33.6 pips
- Base trades at a forward premium
- Annualised premium / discount
- 1.240%
1. Fórmula Matemática e Identidade de Precificação
F_corridor = S × (1 + r_quote × d ÷ Basis_quote) ÷ (1 + r_base × d ÷ Basis_base)
Swap points (pips) = (F_corridor − S) × PipFactor
2. Como Utilizar e Parâmetros de Entrada
Enter the wholesale interbank spot rate, the funding rate of the origin currency, the funding rate of the destination currency, and the settlement tenor in days.
Select the day-count basis (ACT/360 for USD/EUR corridors; ACT/365 for GBP/CAD/AUD/SGD corridors).
3. Premissas Prudenciais e Limitações do Modelo
- Uses money-market simple interest across settlement tenors up to 365 days.
- Excludes bilateral Nostro credit spreads and onshore NDF convertibility premia.
4. Perguntas Frequentes e Notas de Risco (FAQ)
Why do remittance treasuries pay or earn forward points?
When a payment institution hedges a delayed payout in a higher-yielding currency, the interest differential is embedded in the forward points rather than paid as a separate coupon.
Which corridors use ACT/365 instead of ACT/360?
Sterling (GBP), Canadian dollar (CAD), Australian dollar (AUD), Singapore dollar (SGD) and Hong Kong dollar (HKD) money markets accrue on an ACT/365 basis.
Como as equipes de risco podem auditar os resultados da «Cross-border corridor FX forward & swap-points calculator»?
A PayClear Ledger publica a equação exata e as convenções de cálculo nesta página. Analistas podem reproduzir os cálculos em Python/Pandas e verificar a licença da contraparte na central de verificação da PayClear Ledger.
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