Skip Ribbon Commands
Skip to main content

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)​

Benefits

  • Exchanging on idle currency for another to serve the Customers, such as import and export payments, outward remittances, investments, etc.
  • Hedging against exchange rate movement (market risk).
  • Benefit from interest rate differential between two currencies.
  • Effectively managing cashflow.
  • Competitive swap points.
  • No transaction fees.
  • Simple and fast documents processing.
  • Enthusiastic and dedicated advisory team.
  • Broad network of transaction points.

Features

  • Currency: Foreign currency/VND or Foreign currency/Foreign currency.
  • A swap transaction is combined by the 02 transactions: 
    • First transaction: a spot transaction.
    • Second transaction: a spot transaction with different value date from the first transaction or a forward transaction.
  • Swap rate:
    • One rate applied for the first transaction.
    • One rate applied for the second transaction.
  • Tenor: 
    • Foreign currency/VND: from 03 days to 365 days.
    • Foreign currency/Foreign currency:  upon agreement between Sacombank and Customers.

How to apply

  • Customers read, understand and sign the swap 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.
Register now
You'll get a quick response when registering online with Sacombank

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

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
Detail
Live support
All your queries will be consulted and supported by Sacombank’s personnel.
Call us 1900 5555 88
Sacombank 24/7
Hỗ trợ khách hàng