Forward rate agreement is an agreement between Agribank and a financial institution that solely involves in exchanging interest rate difference, apart from principal amount related in order to prevent interest rate risk.
Transaction will be rapidly
completed through Reuters system, fax, SWIFT or inter-bank electric remittance
because Agribank is the member of banking association with 10-year inter-bank
Directly contact FX Department of
Agribank’s Operations Centre
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
Director of Agribank’s Operations
Centre will decide limits on buying and selling foreign currencies in spot
transactions for FX Department and each of its officers.
Transaction principle: safe,
effective, subject to FX dealing limit and ensure liquidity of the Agribank and
maintain foreign currency balance adapted to the Sate bank’s rule for a certain