Spot foreign exchange transaction (Spot) is a transaction in which the client and ACB determine to buy or sell an amount of foreign currency quoting the forex rate at the time of transaction and payment is made within the same day or within next two (02) working days
Foreign Exchange Spot (SPOT)
Fast processing for client’s satisfaction
Features
Competitivity
Competitive rates.
Multiple currencies
Foreign exchange with more than 28 currencies (US Dollar - USD, Euro - EUR, British Pound - GBP, Australian Dollar - AUD...)
Swiftness
Quick processing to satisfy client’s demand for payments
Characteristics
Product definition
Documentation
ACB buying foreign currency from clients: Payment Order/Spot foreign currency purchase contract
ACB selling foreign currency to client: clients provide documents proving the purpose of use according to current regulations on foreign exchange management:
- Set of international payment documents
- Letter of request for ACB to sell foreign currency/Spot foreign currency sale contract
Templates
Payment Order
Letter of request for ACB to sell foreign currency
Spot foreign currency purchase contract
Product definition
Spot foreign exchange transaction (Spot) is a transaction in which the client and ACB determine to buy or sell an amount of foreign currency quoting the forex rate at the time of transaction and payment is made within the same day or within next two (02) working days
Documentation
ACB selling foreign currency to client: clients provide documents proving the purpose of use according to current regulations on foreign exchange management:
- Set of overseas payment documents
- Letter of request for ACB to sell foreign currency/Spot foreign currency sale contract
Contact
Should you need support, please contact us through:
Nearest ACB branch/sub-branch; or
247 Contact Center at 1900 54 54 86 and (028) 38 247 247
Templates
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