FX swap

A foreign currency transaction includes a purchase and a sale the same amount of foreign currency at the exchange rates specified at trade date and the settlement dates of the two trades are different.

• Efficient cash usage and management 
• Pre-arrange an amount of foreign currency to meet future payment needs.
• Take advantage of the interest rate difference between currencies.
• Mitigate risks of currency volatility, promoting the sustainable development of the business

• Upon buying foreign currency in a FX swap, clients must provide documents evidencing the purpose, quantity, and type of foreign currencies, settlement date for payment/wire transfer in accordance with applicable regulations on foreign currency management.
• The maximum tenor of FX forward transaction between VND versus a foreign currency shall be 365 days from the trade date