Over-The-Counter Derivatives (OTC)
“Over the counter” (OTC) refers to financial transactions that are not traded on an organised market but rather directly between two counterparties. The vast majority of FX transactions are traded OTC, often between an end-user and a market-making bank or other Liquidity Provider.
Many of the terms and conditions are standardised, usually through the use of ISDA contracts or other framework agreements, which reduces the number of variables that have to be agreed for each transaction.
Explore our Solutions

FX Management
Multi-bank ISDA set-up and agency execution via a tech-enabled and highly scalable operational platform to significantly reduce hedging costs.
Find out more
Cash Management
Automate cash investments via our integrated marketplace of money-market funds for enhanced returns and reduced counterparty risk.
Find out more
Co-Pilot
Next-generation risk advisory and calculation services designed to improve your decision making in managing FX and optimising cash returns.
Find out more