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Options

Foreign Exchange Option is an agreement in which the buyers (Customers) have the right, but not the obligation, to buy or sell a specific quantity of foreign exchange at a specific price on or before a specified date

Benefits

  • Being an effective foreign exchange movement hedging solution.
  • Earning high potential return with low/specific costs.
  • Controlling business’s expenses and incomes. 
  • Tailoring the Customer’s needs.
  • Enthusiastic and dedicated advisory team.
  • Broad network of transaction points.

Features

  • Sacombank sells Option to Customers and does not buy Option from Customers..
  • Underlying assets: major Currencies pairs such as: EUR/USD, GBP/USD, AUD/USD, USD/CAD, USD/JPY, etc.
  • Gold underlying and Foreign currencies / VND are not applicable.
  • Option types:
    • Call option: With the predicted rates will jump in the future, buying a call option will assist Customers to purchase foreign currency with low price.
    • Put option: With predicted rates will fall, buying a put option will assist Customers to sell an amount of foreign currency with high price.
  • Option styles:
    • American option: it can be exercised at any time over the life of the option contract, up to and including the expiration date.
    • European option: it can be exercised only at the time of the option’s maturity (expiry time). 
  • Investment tenor:
    • Minimum: 01 day
    • Maximum: 365 days
  • Minimum deal size: $50,000 or the equivalent amount accepted by Sacombank.
  • The premium: It is the price of the option, which is paid up front by the option buyer to the option seller for the right stated in the option contract. It depends on the quantity of an underlying, strike price, spot price, tenor, and other factors calculated by Sacombank.
  • Expiry time:
    • European option: 14.30 at maturity date (GMT +7).
    • American option: 7.30 – 11.30 and 13.30 – 14.30 (GMT +7) in each business day over the life of the option.

How to Apply

  • Customers read, understand and sign the Option Agreement, Risk Statement and Trading Registration Form. 
  • In case Customers buy a call option from Sacombank: Customers must present documents that contain information about purposes, quantity, type of foreign currency, deadline for payment or wire transfer according to applicable regulations on foreign currency management and Sacombank. Otherwise, the required documents are not applicable.
  • Margin deposit according to Sacombank’s regulations.
  • Paying option’s premium at contract date.
  • For further information, please contact at Treasuryinfo@sacombank.com or Customer Service Center by 1900.5555.88 or any nearest Sacombank Transaction Point.
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Products in this group

Foreign Exchange Spot

Foreign Exchange Spot is a binding obligation to buy or sell a certain amount of foreign currency between Sacombank and Customers at the current market rate (spot) and to be delivered within two business days from the transaction date
Detail

Foreign Exchange Forward

Foreign Exchange Forward is a binding obligation to buy or sell a certain amount of foreign currency at a pre-agreed exchange rate and the payment will be made at the specified time in the future
Detail

Foreign Exchange Swap

Foreign Exchange Swap is a simultaneous buy and sell of identical amounts of one currency for another with two different value dates (normally spot to forward)​
Detail
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