FORWARD TRANSACTION
BENEFITS
Fixed exchange rates for future transactions.
An instrument against risks of exchange rate fluctuations and used to control cash flow and budgets.
AVAILABLE FOR
Enterprises/individuals that need fixed foreign exchange rates for future use and as a hedge against risks unexpected or adverse movements in the currencies' future spot rates.
Foreign investors whose residency status is non-resident, owning domestic VND government bonds and aiming to use forward transactions to protect their bonds from risks in exchange rate fluctuations.
REQUIREMENTS
Lawful relevant documents in correspondence with term of forward exchange contracts.
Partial margin deposits based on total value of forward exchange contracts.
PROCEDURES
Official documents proving FX trade purposes to comply with the State Bank’s Foreign Exchange Regulations and SCB’s Regulations.
Signed forward transaction contracts.
Information on product and service policies is only for reference and may change from time to time. Please contact your nearest SCB (sub)branch or hotline 1900 6538 for advice.
