Treasury

Safe & sound with Treasury Bills

Catering for all your foreign exchange and money markets requirements.

We have a full-fledged Treasury department, completely equipped with all dealing systems and very experienced personnel. We are active in the local Inter-bank money market and foreign exchang, committed to providing superior service and very competitive prices to our customers. We offer a broad range of products and services in foreign exchange and money markets and continuously endeavor to keep our customers acquainted of the latest development and trends in the local and global financial markets.

These are debt securities issued by the government to fund their operations. At Family Bank, we facilitate purchase of these assets from Central bank of Kenya on behalf of our clients. Our experienced team will guide on how to apply and follow up until payment is done. The client will be provided with the auction results as soon as the information is available.

Other services include; monitoring of currency exchange rates, settlement and remittance of local and foreign currencies, analysis and information on currency trends and trading in Government securities

Family Bank Treasury Department offers the following products and services

Spot dealing
At family bank, we offer spot dealing for all major currencies. This can be done as Cash deals, internal account transfers, Swift or RTGS (Real Time Gross Settlement). In addition to our unmatched sharp rates, we also provide same day value for all our Telegraphic Transfers.

Foreign currency accounts  Forward contracts
These are foreign currency transactions for delivery/receipt at a future date beyond the 2 day period from deal date. As a hedging tool against foreign currency fluctuations, we offer forward contracts for 1-6 Months delivery. This is done for all major currencies. This can either be an outright or Par forward.

Foreign currency drafts
These are bankers cheques denominated in foreign currency normally used to pay school fees and international examinations abroad. We offer US dollar, sterling pound and Euro drafts.

Foreign Currency Accounts
We offer foreign currency accounts to our clients. This can either be current account or savings account. These accounts are mainly in the major currencies.

Swap Contracts
These are foreign currency transactions involving a simultaneous exchange and re-exchange of two currencies at near date and far date. This is a funding mechanism whereby a client exchanges a specific amount of one currency for another currency at a fixed price for a defined period and reversal of the same transaction at a future date. We offer Swap contracts on all major currencies.

Structured Products
Treasury in conjunction with other departments such as Trade Finance and Corporate offers our clients customized structured finance solutions depending on the client’s needs.

Money Market deposits
We negotiate favorable rates on local and foreign currencies placement for call or fixed periods to give superior returns for our esteemed clients.

Treasury bills & bonds
These are debt securities issued by the government to fund their operations. At Family Bank, we facilitate purchase of these assets from Central bank of Kenya on behalf of our clients. Our experienced team will guide on how to apply and follow up until payment is done. The client will be provided with the auction results as soon as the information is available.

Market Information
We offer our clients with daily market information on the financial market trends and views on market movements for ease of decision making. Please email us on treasury@familybank.co.ke to be included on our mailing list. For More information on any of the above or if you want to negotiate rates with our treasury team, you can reach us on the below contact details.

E-Mail: treasury@familybank.co.ke

Phone Numbers: 0703095721,0203252721,020 3318173

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