Foreign exchange swap refers to simultaneous purchase and sale of identical amounts of one currency for another with two different value dates (normally spot to forward). That is to say, a swap transaction composes of a spot deal and a forward deal.

1. The combination of foreign exchange spot and forward deals can hedge the exchange rate risk, which enable customers match up, with no need to bear risk of foreign exchange rate changes, the cash flows of assets in two foreign currencies to satisfy corporate funding demands.
2. Currencies: USD & VND.

Bank of China provides standard and non-standard periods foreign exchange swap offers within one year.

Our bank requires the customers to deposit fund as margin.

Suitable for corporate customers who have the need to effectively hedge exchange rates risk.

1. Open accounts: Customers trade FX swap should open a current account with us, in addition a margin account should also be opened.
2. Signing the agreement: The applicant, before the foreign exchange swap transaction, shall sign with Bank of China the ISDA Agreement.
3. Implementation of margin: Customers are required to pay appropriate margin, or for customers with credit line allocated limits will be deducted accordingly.
4. Inquiry: The applicant determines the details of a foreign exchange swap transaction via the consignment in written form and makes the corresponding inquiry to Bank of China.
5. Transaction confirmation: When a transaction is closed, Bank of China will deliver a transaction confirmation to the applicant in written form.
6. Settlement: The delivery is conducted on the maturity date.