Structured deposit
(Updated at 16:43, 11/8/2010)
Structured deposit is based on the agreement between Agribank and other financial institutions on normal deposit transaction including an option contract attached. This service is applicable to financial institutions and non financial institutions.

Main features:

 

-          Fixed term and usually short term (under 12 months)

-          Interest rate can be higher than normal deposit interest rate at the same term because risk can arise from the option contract attached.

-          Agribank implements Structured deposit based on the approval of the State bank on case-by-case basis.

                                

 

Distribution channel/ Contact:

 

-          Directly contact Agribank’s Operations Centre through FX managing Department

 

 

Process:

 

-          After Transactions are approved, data will be entered in to IPCAS and confirmation will be made by SWIFT or fax and then transaction will be monitored to make payment on the due date.

-          Profit and stop loss limit in forex dealing of Agribank’s Operations Centre is decided by Chairman of Board of Directors.

-          Limit of buying and selling foreign currency in spot of FX Department and each of its officers will be fixed by Director of Agribank’s Operations Centre.

-          Transaction principle: safe, effective, subject to FX dealing limit; ensure liquidity of the Agribank and maintain foreign currency balance adapted to the Sate bank’s rule for a certain period.

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Applied at Operations Centre of Agribank

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Agribank Contact Center
1900558818