SPOT TRANSACTION - Saigon Joint stock Commercial Bank

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SPOT TRANSACTION

Spot transaction refers to the buying or selling of foreign currency with spot exchange rate at the time of the transaction and time frame for settlement is within two business days from the trade date with SCB.

AVAILABLE FOR

Enterprises that need to make foreign exchange transactions for settlements of exports and imports, manufacturing business.

Individuals that need to buy currencies for international transfers in correspondence with the State Bank’s regulations and ones that need to sell currencies.

BENEFITS

Serve organizations/individuals’ demands in investments, savings, settlements of exports and imports, international transfers.

SCB’s flexible and competitive exchange rate policies.

Simple procedures.

REQUIREMENTS

Customers who want to buy currencies from SCB are required to present official documents proving their purposes to comply with the State Bank’s Foreign Exchange Regulations and SCB’s Regulations.

Customers who want to sell foreign currencies for VND or others do not need to present official documents of their purposes.

PROCEDURES

Customers’ identity documents.

Lawful documents describing use of foreign currencies.

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.

SIMILAR PRODUCT

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Forward transaction is a commitment between two parties to exchange currencies, agreeing on an exchange rate and the settlement will be at a specific time in the future.

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A service for needs to preserve capital in terms of gold and invest to make profits by speculating fluctuation in gold prices.

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A service for customers using VND or other currencies to exchange and make international transfers with lawful purposes in accordance with FX Management Regulations, especially acceptable for currencies that are currently not applied at SCB.

 

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