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FOREIGN EXCHANGE AND DEPOSIT

Foreign Exchange Solutions

FX SPOT

A FX Spot transaction allows mainly Customers to buy foreign currency in order to make immediate payments or to exchange foreign currencies into the local currency (VND). 

Features
– The exchange rate is fixed immediately by BPCE.
– The settlement period for spot transactions is usually within two working days (T+2) from the date of entering the transaction.

Benefits at BPCE
– Convert to more than 20 currencies in the world
– Competitive FX rates
– Efficient international payment
– Streamlined and fast transaction process

FX FORWARD

A FX Forward transaction between Customers and BPCE is a contractual agreement to lock in the exchange rate for the purchase or sale of a currency against another currency at a specified day in the future.

Features
– Settlement Term is flexible, maximum 365 days.

Benefits at BPCE
– Hedging for adverse exchange rates fluctuation.
– Optimization cash-flows management.
– No transaction fees.
– Simple and fast documents processing.

FX SWAP

A FX swap transaction between Customer and BPCE is a simultaneous purchase and sale of identical amount of one currency for another currency, in which the settlement terms are different, and the exchange rates are determined at the moment of signing the contract.

Features
– FX Swap is a combination of: Spot + Spot; or Spot + Forward; or Forward + Forward.
– Settlement Term is flexible, maximum 365 days.

Benefits at BPCE
– Effective management of cash flow;
– Allows customer to manage timing mismatches between foreign currency receivables and payables, optimizing short-term liquidity across currencies.
– Control of fluctuation risks in foreign exchange rate which might affect future profit and expenditure.
– No transaction fees.