Factsheets

These factsheets provide an overview of several types of Foreign Exchange products and Currency Options offered by MUFG Bank (Europe):

Cost Disclosure

MUFG Bank (Europe) publishes its expected cost and charges for FX products on the MUFG EMEA website. For further information, please go to our Legal and Regulatory section.

Quality of Execution

MUFG Bank (Europe) previously published its quality of execution reports for FX products on the MUFG EMEA website. From 2021, MUFG Bank (Europe) is no longer required to publish this information but historical data is still available. For further information, please go to our Legal and Regulatory section.

Systematic Internaliser

Under the MiFID II regulation, 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) 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) acts under the SI Market Identification code (SI MIC) MUBE.

For further information, please go to our Legal and Regulatory section.

Means of Payment Exclusion

MUFG Bank (Europe) 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):

  • Currency Spot Transactions
  • 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.

For further information, please go to our Legal and Regulatory section.