Introduction

Foreign exchange spot deal refers to the trade where both parties transact at the spot exchange rate of the day on the foreign exchange market, and settle the foreign exchange on the same business day.

Features

1.The customer entrusts the Bank to buy one currency and sell another to make a conversion between different foreign currencies.

2.Direct quotations. No need to use the RMB as an intermediary currency to complete the transaction. It makes quotations closer to the market level and saves transaction cost for clients.

Currencies

USD, EUR, CAD, RSD, RMB.

Target Customers

1.Companies who have the need to buy or sell foreign currencies.

2.Companies who already have a foreign currency account at the bank.

Process

1.Sign the application for Foreign Exchange Trading: The applicant, before the foreign exchange spot transaction, shall submit the Application for Foreign Exchange Trading to the bank

2.Inquiry: The applicant decides on the details of the foreign exchange spot deal in the form of a written request and makes an inquiry to the Bank.

3.Dealing: The Bank complete the foreign exchange transaction according to the application and market.

4.Settlement: The actual delivery is conducted on the delivery date.