Forward transaction

Description

  • Both parties commit to buy and sell a certain amount of foreign currency at a predetermined exchange rate, and the payment will be made at a specified time in the future (from 03 to 365 days from the date of the transaction)
  • No transaction fees.
  • Competitive exchange rate.
  • Margin level ranged from 2% -7%.
  • Diverse sources of foreign currencies to meet all demands.
  • Quick and convenient procedures.
  • Supported by NCB staff to carry out transactions.

Benefits

  • Meet the demands for export/import payments, payments for goods or services to foreign parties, repayments of foreign debts, foreign investments, etc.
  • Sell of foreign currencies from payment accounts and deposit accounts.
  • Control the risks of exchange rate fluctuations in the future.
  • Immediately calculate the expenditures or revenue in foreign currency.

Documents

  • NCB Foreign currency exchange contract.
  • Presenting of original copies of relevant payment documents as per the State Bank's applicable regulations on foreign exchange management.

Other services

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