Foreign Exchange Spot Deal

Foreign exchange spot deal means that two parties enter into deals at the spot exchange rate of foreign exchange markets on the very day and complete corresponding foreign exchange deliveries within 2 working day following the transaction date.

Customers entrust the bank with buying one currency and selling another, to achieve the conversion between different foreign currencies.

USD, THB, CNY and other major currencies.

Applicable to customers with needs of foreign currency transactions mainly for corporate import and export trade settlements and so on.

1. Enquiry: the applicant shall determine the detail of foreign exchange spot deal, and make enquiries to Bank of China accordingly.
2. Transaction conclusion: after concluding the transaction, Bank of China will deliver the transaction confirmation to the applicant in written form.
3.   Settlement: the actual settlement shall take place on the settlement date.

If it happens that the value date is either a non-working day or a public holiday, then it will be postponed accordingly.