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Introduction
Foreign Exchange transaction refers to the conversion of one currency to another currency based on same day exchange rate but settlement is two business days after trade date. The settlement day is the value date. The value date will be brought forward if it falls on a non-working day or on a public holiday. The rate of Spot Transaction of Foreign Exchange is called Spot Rate. In order to serve our customers better, we provide exchange rate for today settlement and next day settlement besides Spot Rate.
Product Features
Foreign Exchange transaction can meet the needs of the customer when making urgent payment of currency other than the currency on hand or investment denominated in currency other than currency on hand.
Eligible Applicants
Corporate customers
Application Requirements
No specific requirement
Application Procedures
Corporate customers can open a current account and trade through their relationship managers or trade directly with the Bank’s foreign exchange dealers.
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