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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

Benefits

  • Meeting the needs to buy and sell the foreign currencies in order to serve the Customers, such as import and export payments, foreign loan repayments, foreign investments, remittances, etc.
  • Competitive exchange rates.
  • No transaction fees.
  • Enthusiastic and dedicated advisory team.
  • Broad network of transaction points.
  • Simple and fast documents processing.

Features

  • Currency:
    • Foreign currency/VND
    • Foreign currency/Foreign currency.
  • Tenor of payment:
    • Today.
    • On the next working day (tom).
    • After 02 working days from the transaction date.

    Note: Payment date of the FX spot must not come 02 working days before the the payment date according to the customer’s documents.

  • Customers have to deposit for the transactions which are going to be settled after 01 or 02 business days from the transaction date.

How to apply

  • Customers read, understand and sign the spot contract.
  • 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 in case of buying foreign currencies from Sacombank.
  • Margin deposit according to Sacombank’s regulations.
  • 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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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
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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)​
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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
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Live support
All your queries will be consulted and supported by Sacombank’s personnel.
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