Foreign Exchange Swap

With Foreign Exchange Swap service, when the customers need to use a foreign currency for the purpose of payment, debt clearance, etc., without making foreign exchange transactions, they can use a different currency available for exchange with the bank

Swap transaction is to buy/sell or sell/buy a foreign currency with a close date of maturity (usually FX spot) and sell/buy or buy/sell a foreign currency for the same amount of foreign currency with further date of maturity

  • When the customers need to use a foreign currency for the purpose of payment, debt clearance, etc., without making foreign exchange transactions, they can use a different currency available for exchange with the bank
  • With foreign exchange swap, enterprises could use future revenues at the present time
  • Customers do not have to bear the risks of exchange rate as in foreign exchange spot and forward