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Business / Online Banking & Digital Solutions / CommBiz / International payments foreign exchange / Create FX Trade

What you'll need

  • Create FX Trade feature is only available to customers who are onboarded to enter into FX forwards
  • Permissions to create FX trade
  • Security token

Speak to your Administrator if you don't have these permissions. To apply for FX Forwards, contact the FX Centre on 1300 222 339.

How to create FX trades

  1. Click Create FX Trade on your dashboard
  2. Setup currencies using the Client Buys and Client Sells dropdown options
  3. Add the amount in the field beside the currency you want to Buy or Sell
  4. Enter the Value Date and add Trade Notes (your reference details)
  5. View the FX rate by clicking Request Quote. The rate will refresh every 6 seconds and time out after 30 seconds, select Request Rate again if it times out
  6. Click Accept & Execute when you are ready to proceed with the quoted rate. The currency conversion may go for dealer intervention. When this happens, please wait for the next instructions on the screen
  7. You will receive a notification after its successfully executed.
  8. To settle the trade immediately, click on attach settlement instructions and proceed to Authorisations. See also attach settlement instructions guide .

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Things you should know

  • This document is provided to existing users of CommBiz International Payments and Foreign Exchange (IPFX) for information purposes only. It is intended to assist users in understanding certain operational features of IPFX.  This document does not form part of any contract between you and the Commonwealth Bank of Australia (CBA) and does not amend, override or replace any applicable terms and conditions.  Your access to and use of IPFX, and any foreign exchange transactions entered into through IPFX, are governed by the following documents (as amended from time to time):

    In the event of any inconsistency between this document and those terms and conditions, the relevant terms and conditions will prevail.  You should read these relevant terms and conditions as well as any disclosure documentation relating to your foreign exchange transactions with us such as the FX PDS. The availability of features and the steps described in this document may vary depending on user permissions, account authorities, system availability and other operational factors and this document may be updated by CBA from time to time.  CBA does not warrant that the information in this guide is complete, current or error‑free.  For any assistance, please contact the Foreign Exchange Centre on 1300 222 339 or fxcentre@cba.com.au