Foreign exchange spot transaction is a purchase, sale of an amount of foreign currencies between Sacombank and Clients with the spot exchange rate at the time of transaction and time frame for settlement is within two business days from the date of commitment.
Outstanding features
Instant
Spot transaction
Utilities
Respond to various demands for buying or selling foreign currencies for clients’ legal operating activity purposes: export/import payment, foreign loans repayment, remittances, foreign investment, unilateral transfer...
Competitive exchange rate.
No transaction costs.
Enthusiastic and thorough consulting team.
Extensive trading network.
Simple procedures.
Respond to various demands for buying or selling foreign currencies easily with Sacombank.
Features
Traded currencies:
Foreign currency/VND.
Foreign currency/foreign currency.
Payment term:
Pay within the transaction date (today).
Pay within the next business day (tom) from the transaction date.
Pay within 02 business days from the transaction date (spot).
Note: Payment terms must not be before 02 business days compared to the payment terms according to the information exhibits, documents about payment terms and money transfer provided by clients.
Deposit: Clients make deposits in accordance with Sacombank’s regulations towards spot transactions with payment terms within 01 or 02 business days from transaction date.
Conditions & Procedure
Conditions:
For clients buying out foreign currencies: hands out exhibits and documents including sufficient information about purposes, amounts, types of currency and payment terms; make a money transfer in accordance with current regulations about foreign exchange management and Sacombank.
Other cases: No need to provide documents.
Procedure:
Sign spot foreign currency transaction contracts.
Make deposits according to current regulations.
Details about solutions, please contact via email address: Treasuryinfo@sacombank.com or Sacombank’s Customer Services Center via phone number 1800.5858.88 or the nearest branches/transaction offices.