Spot Foreign Exchange (FX) transaction, also Spot Transaction, is a FX service which should be settled (pay and receipt ) on the transaction date or within two business days after the FX sale and purchase is made between the bank and its customers. In case of holidays and festivals between the two business days, the closing date shall be postponed correspondingly. 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 need will depend on specific conditions.
Business hours: from 9 am to 4:30 pm. Operation beyond business service hour shall be subject to the consent of Fund Department.