About Bank of America:
Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 35 countries. In the U.S. alone, we serve almost all of the Fortune 500 companies and approximately 67 million consumer and small-business clients. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.
Connecting Asia Pacific to the World
Our Asia Pacific team is spread across 19 cities in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region’s leading financial services companies.
The FX Trader is responsible for managing all FX flows (G6 currencies + HKD, THB, SGD) as it relates to FX transactions done by GBAM clients and related hedging, collectively called Accommodation Transactions, executed by Corporate Treasury employees in the absence of on the ground GBAM trading personnel.
Accommodation Transactions are limited to FX same day, spot, tom, forwards, and swaps which the CT employee is authorized to execute. Accommodation Transactions and the circumstances surrounding its execution, are stated in the Memorandum Of Understanding (MOU) between Global Banking and Markets (GBAM), Corporate Treasury (CT), and the BANA Manila Branch Manager. The FX Trader strictly adheres to the said MOU.
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