ae888 land

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Introduction

  • Two parties commit to buy and sell an amount of one currency against another currency at the determined exchange rate at transaction date, the payment will be made on a date in the future
  • Payment date: From 3 business days to 365 days from the transaction date

Benefits

  • Actively arrange an amount of foreign currency to meet future payment need
  • Mitigate risks of currency volatility, promoting the sustainable development of the business

Required Documents

Clients must provide documents evidencing the purpose, quantity and type of currencies, date of payment or wire transfer in accordance with applicable SBV regulations on FX management
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