Swap transaction

Description

  • Both parties carry out a sale transaction and a purchase transaction of the same amount in two different currencies, in which the payment terms of two transactions are different and the exchange rates thereof are determined upon the signing of contracts.
  • 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

Swap from a currency that is temporarily not in demand to a currency that is currently required for use in payment of exports or imports, payment of goods or services to foreign parties, repayment of foreign loans, foreign investment, etc.

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.

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