Spot
(Updated at 10:2, 8/9/2010)
Individual customers can buy / sell foreign currencies directly at Agribank when committed to comply with current regulations of Vietnam on foreign exchange management.
Product
explanation:
-
A Spot
Foreign Exchange transaction represents a binding obligation to buy or sell a
certain amount of foreign currency at the current market rate. The standard
settlement timeframe for Spot Foreign Exchange transactions is 2 days from the
date of trade execution.
Benefits
-
Transactions
are simple, convenient, and safe
-
Customers
do not pay any fee.
How
to apply
-
Customers use USD to buy the bank's foreign currency
through Foreign Exchange Spot trading must present documents to provide
sufficient information about the purpose, amount and type of currencies involved, time of payment according to the
current regulations on foreign exchange management and a commitment to use the
foreign currency purchased in accordance with purposes prescribed in the
regulations on foreign exchange control of Vietnam.
-
Customers
complete the Foreign Exchange Spot contract
Fees
-
Fees
apply according to current Schedule of Fees and Charges of Agribank
Delivery channels
-
Agribank
branches/transaction offices.
Technology applied
-
Agribank
uses automated accounting system.