The Branch provides corporate customers with foreign exchange trading including foreign exchange spot and foreign exchange forward.
1.Foreign Exchange Spot
Product Description
I. A foreign exchange spot transaction is a transaction in which the customer and the bank both agree to exchange one currency for another currency based on the exchange rate provided by the bank.
II. The settlement is normally made at the time of transaction or not to exceed 2 working days from the transaction date.
Benefits of the Product
I. Quickly meet the demand for exchange foreign currencies.
II.Applicable to major convertible currencies, including USD, EUR, HKD and VND etc.
2.Foreign Exchange Forward
Product Description
I. A foreign exchange forward transaction is a transaction in which the customer and the bank both agree to exchange one currency for another currency based on the forward exchange rate provided by the bank.
II. The settlement is normally made from 3 working days to 364 days since the transaction date.
Benefits of the Product
I. Forward rate fixed at the time of the transaction date, will help the customer avoid the risk of exchange rate fluctuation in the future.
II. Demand for foreign currencies in the future is guaranteed.
