Corporate Banking

Introduction

  

A contract signed between customer and XIB under which the two parties agree to exchange two designated currencies at a specific time in the future, in a stated amount at a specified exchange rate and on specified closing date. On the closing date, customer and XIB exchange one currency for another according to the amount and exchange rate stated in the contract.

At present, XIB customers may conduct spot FX transactions in 9 regular currencies, including USD, HKD, EUR, GBP, JPY, AUD, CHF, CAD, and SGD. Other foreign currency transactions incurred due to business needs will depend on specific conditions.

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