A Foreign Exchange Forward Transaction is a transaction in which the two parties agree to buy or sell an amount of a foreign currency by VND or another foreign currency at a specified exchange rate at the transaction date and the payment will be made at a predetermined time.
The term of the transaction between VND and such foreign currency shall be agreed by the parties at least from 03 (three) business days to 365 (three hundred and sixty-five) days from the transaction date. The term of other foreign currency pairs is at least 03 (three) business days. Advantages
- Serving customers’ needs for buying and selling foreign currencies at a future time;
- An exchange rate hedge.
- Residents being economic or other organizations, and individuals in need of buying or selling foreign currencies at a specified time in the future with exchange rate hedging
Please contact GPBank Branches/transaction offices
Or our Call Center at 1800 58 58 66/04 3514 9094