Main advantages:
- Suitable for foreign trade settlement, overseas money transfer or investment to hedge the fluctuation of exchange rate.
- Customers may estimate in advance business expenses and incomes and guarantee ability to make payment to other parties.
Main features:
- Forward rate: is exercised at future Expiration date. This forward rate will be calculated by Sacombank.
- Tenor: minimum 3 days, maximum (i) 365 days for currency and VND, (ii) any 2 types of foreign currencies agreed by Bank and customer
- Procedure: simple, customer need to sign Forward contract.
- Customers are required to maintain a cash collaterail as x % of total contract value.
- Customers may need to provide additional documents as required by State Bank of Vietnam
Further information, please contact at
sptiente@sacombank.com or any nearest Sacombank Transaction Point.