Individual customers can buy / sell foreign currencies directly at Agribank when committed to comply with current regulations of Vietnam on foreign exchange management.
Option Foreign Exchange transaction presents a financial currency contract
giving the option buyer the right, but not the obligation, to purchase or sell
a specific FX spot contract (the underlying) at an agreed upon exchange rate
(the strike rate) on or before a specific future date (the expiry date), i.e.
if the option buyer exercises his rights, the seller has the obligation to
purchase or sell the contract amount of foreign currency at the agreed upon
- Select price on
- Perceived risks, costs anticipated
- Unlimited profit potential
- Especially suitable for uncertain cash flows
Option enables customers to proactively plan for choosing the most profitable
sale or purchase plan: either make the right choice if market rates change
adversely, or not exercise their rights and make the sale or purchase at the
market rates if market rates are better than rates in the option contract.
use USD to buy the bank's foreign currency through Foreign Exchange Spot
trading must present documents to provide sufficient information about the
purpose, amount and type of currencies involved, time of payment according to
the current regulations on foreign exchange management and a commitment to use
the foreign currency purchased in accordance with purposes prescribed in the
regulations on foreign exchange control of Vietnam.
complete the Option Foreign Exchange contract
apply according to current Schedule of Fees and Charges of Agribank
uses automated accounting system.