- 2 parties enter a pair of FX transaction includes a purchase and a sale transaction of a same amount of foreign currency at the exchange rates specified at the transaction date and the settlement dates of the two transactions are different
- Payment date: Min 3 business days to 365 days from the transaction date for the forward transaction
Introduction
Benefits
- Efficient cash usage and management
- Take advantage of the interest rate gap between two currencies
- Mitigate risks of currency volatility, fixing the expense and revenue for Corporate customers
Required Documents
Clients must provide documents evidencing the purpose, quantity and type of currencies, date of payment or wire transfer in accordance with applicable SBV regulations on FX management
