Foreign exchange services are provided by the Canadian Imperial Bank of Commerce, the parent bank of CIBC World Markets Inc.
CIBC’s Foreign Exchange Disclosure Statement relating to guidelines contained in the FX Global Code can be found at www.cibccm.com/fxdisclosure.
The above services are subject to the terms and conditions set out in any related product agreements, including without limitation, the Electronic Dealing Agreement.
1 Availability can change at any time and not all currency pairs are available in spot, forward and swap trading.
2 Please note that a Forward Exchange Line of Credit (FEC) needs to be established before you can book a forward or swap. You must also be compliant with Canadian Regulatory Reporting Requirements for Over the Counter (OTC) derivatives. Under current regulatory trade reporting rules the forward contracts offered through FX Online @ CIBC must be reported to a designated trade repository. As such, clients must (1) obtain a Legal Entity Identifier (LEI) and (2) provide a representation letter to CBIC so that CIBC may assess how the Canadian trade reporting rules apply to transactions entered into through FX Online @ CIBC. For more details, contact us at 1-877-224-2239.