Should your company require to pay clients in a different
currency from the one deposited, BancABC will process the request
at competitive exchange rates.
At BancABC we deal with all major currencies including GBP, EUR,
USD,ZAR,KES etc
Benefits
- FX Spot Transactions - As our
valued client, FX Spot transactions allow you to make payments
outside the country in a different currency than the one deposited,
with settlement date in 2 business days after the transaction
date.
- Forward exchange contracts -
These allow you to buy or sell one currency in exchange for another
for value on a different day from the normal spot date. This
transaction will allow you to hedge against exchange rate
fluctuations.
- Foreign currency swaps - It's
a transaction were you agree to buy one currency and sell another
for value on a specific date and also enter an opposite transaction
for different value dates. A currency can be simultaneously bought
and sold for two value dates-one of these may be spot and the other
may be forward or both legs may relate to two different forward
dates. It is more advantageous to "swap" payments with another
party, thus transforming one's liability, rather than borrow
directly in the market of choice.
BRANCH LOCATOR