FX swap

Foreign exchange

FX Swap

Actively source foreign currency to meet future financial needs

Solution Information

Solution information

General Information

A foreign currency transaction includes a purchase and a sale the same amount of foreign currency at the exchange rates specified at trade date and the settlement dates of the two trades are different.

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Benefits

Efficient cash usage and management
Pre-arrange an amount of foreign currency to meet future payment needs.
Take advantage of the interest rate difference between currencies.
Mitigate risks of currency volatility, promoting the sustainable development of the clients

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Conditions for business

Upon buying foreign currency in a FX swap, clients must provide documents evidencing the purpose, quantity, and type of foreign currencies, settlement date for payment/wire transfer in accordance with applicable regulations on foreign currency management.
The maximum tenor of FX forward transaction between VND versus a foreign currency shall be 365 days from the trade date