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 »  Products & Services  »  Cash Management  »  Forward 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

  • Please contact ACLEDA Bank's branch for more details on the Forward Exchange Contract such as currency type, amount and payment date etc.
  • Have an account with ACLEDA Bank (if you don't have, please fill an Account Opening Application Form in advance).
  • Complete an application form and sign an agreement.
  • Deposit 10% of the total amount in the contract as collateral.
  • Have enough balance a day before or on a payment day during working hours of the effective date.

Any comment or inquiry?
+855 (0)23 994 444
+855 (0)15 999 233
inquiry@acledabank.com.kh

For complaint purpose
(every working day from 7:30 to 16:30)
Tel: +855 (0)15 888 654
E-mail: cmc@acledabank.com.kh

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