A foreign exchange option transaction is a foreign exchange transaction in which customers (option buyers) have the right but not the obligation to buy or sell an amount of foreign currency with the exchange rate determined at the time of transaction, within the effective duration of the option transaction.
An effective instrument to insure the exchange rate risks for the currency that customers are holding.
Control the business expenses and earnings.
Respond to personal demands of each customer.
Enthusiastic and thorough consulting team.
Extensive trading network.
Sacombank sells options to customers and does not buy options from customers..
Foreign exchange option transactions for an active source of foreign currencies for enterprises.
Call option: With the expectation that the exchange rate will increase in the future, call options will help customers purchase an amount of foreign currency with a rate lower than the market exchange rate.
Put option: With the expectation that the exchange rate will decrease in the future, put options will help customers sell an amount of foreign currency with a rate higher than the market exchange rate.
American option: Option buyers have the right to exercise the option at any time during the effective duration of the contract.
European option: Option buyers can only exercise the option at the due date of the contract.
1 day minimum
365 days maximum
Minimum scale: USD 50.000 or equivalent foreign currencies that Sacombank accepts from time to time.
Option premium: is the amount of money that the option buyers have to pay the option seller after the transaction is made.
Option exercise time:
For the European option, it is 2:30 PM Hanoi time of the expiration date.
For the American option, it is from 7:30 AM - 11:30 AM and 1:30 PM - 2:30 PM every working day during the effective time of the option.
Conditions & Procedure
Customers purchase foreign currencies forward: Customers present exhibits and documents providing sufficient information about purposes, amounts, currency types and payment terms, transfer in accordance with current regulations about foreign exchange management and Sacombank.
Other cases: No need to present documents.
Sign the principle contract, the risk declaration and the transaction registration form.
Open a deposit account and make a deposit according to the regulations.
Customers commit to pay in full and on time the option price according to Sacombank’s regulations.
For more details about the solution, please contact email address: Treasuryinfo@sacombank.com or Sacombank’s Customer Service Center at phone number 1800.5858.88 or the nearest Branches/Transaction offices.