Products & ServicesCash ManagementForward Exchange Contract

Forward Exchange Contract

Forward Exchange Contract is an agreement between ACLEDA Bank and customers to buy or sell a fixed amount of currency at a specified exchange rate with delivery made on a given date.

Benefits

  • Covering exchange risk, without having to worry about unfavorable movements in exchange rates;
  • Enabling you to gain profit if the exchange rate in the market is higher than the agreed rate;
  • Opportunity to use other bank's services and products.

Special Features

  • Exchange rate is specified as a mean to clear the currency on an agreed date,
  • Agreement can be made between local and foreign currencies or foreign and foreign currencies,
  • Duration of agreement is from 3 days up to 6 months.

Currency, Amount, Period

  • ACLEDA Bank Plc. accepts selling or buying in Khmer Riel, US Dollar, Euro, Australian Dollar, Thai Baht, Vietnamese Dong, and other potential currencies;
  • Amounting from US$10,000 or equivalent in other currencies;
  • Maximum of forward exchange contract is up to 6 months.

Requirements

  • Deposit 10% of the total amount in the contract as collateral,
  • Guaranteed document or other valuables with value of at least 20% of the contracted amount as collateral,
  • Credit line with an ACLEDA bank which is valid longer than or equal to exchange contract's.
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Registration No.: Co.5185KH/2000
Headquarters:
#61, Preah Monivong Blvd., Sangkat Srah Chork,
Khan Daun Penh, Phnom Penh, Cambodia. P.O. Box: 1149
Tel: +855 (0)969 617 782
Fax: +855 (0)975 354 160
E-mail: acledabank@acledabk.com
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