FX Products

1.  Factsheet:

The attached Product Factsheet for Foreign Exchange Contracts provided an understanding of several types of Foreign Exchange products that are being offered by MUFG Bank (Europe) N.V.
The documents can be downloaded in PDF format by clicking on the links below:

Product Factsheet for Foreign Exchange contracts(excluding Currency Options)

Product Factsheet for Currency Options

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2.  Cost Disclosure:

MUFG Bank (Europe) N.V. publishes its expected cost and charges for FX products on the MUFG EMEA website.

Link to the website


3.  Quality of Execution:
MUFG Bank (Europe) N.V. publishes its quality of execution reports for FX products on the MUFG EMEA website.

Link to the website


4. Systematic Internaliser:
Under the MiFID II regime, Systematic Internalisers (SIs) are investment firms that on a frequent, systematic and substantial basis execute client orders on own account, outside of trading venues.

As of 15 September 2020, MUFG Bank (Europe) N.V. acts in the capacity of a Systematic Internaliser (SI) for the following sub-classes of Foreign Exchange Derivatives: Deliverable FX Forward, Non-Deliverable FX Forward, Deliverable FX Swap, Non-deliverable FX Swap. MUFG Bank (Europe) N.V. acts under the following SI Market Identification code (SI MIC) MUBE.

For more information, please refer to the MUFG EMEA website, section MiFIDII/MiFIR, Systematic Internaliser. 

5. Means of Payment Exclusion:
MUFG Bank (Europe) N.V. may not provide any investment services within the meaning of MiFID II to Non-Professional Clients. This means that Non-Professional Clients (i.e. retail clients) may only enter into the following Transactions with MUFG Bank (Europe) N.V.:

a) Currency Spot Transactions; and/or
b) Means of Payment Transactions.

“Means of Payment Transaction” has the meaning set out in Article 10(1)(b) of the Commission Delegated Regulation (EU) 2017/565 of 25 April 2016. In brief, this refers to transactions that are a means of payment to facilitate payment for (A) goods that are identifiable, (B) services or (C) direct investment. The transactions must be settled physically (unless there is a default or other termination event) and not traded on a trading venue.

Link to the website