Foreign Exchange

Spot Foreign Exchange

Companies involved in international trade may be required to make payments or to receive payments in a foreign currency. A spot contract allows a company to buy or sell foreign currency on the day it chooses to deal. You advise us of the amount, the two currencies involved and which currency you would like to buy or sell.
HSBC's leading position in foreign exchange market was evidenced by the award "Best for overall forex services in Vietnam" by Asiamoney FX Poll in 2006, 2007 and 2009.

Benefits

No minimum or maximum deal sizes.
Fast processing time (settlement in two business days' time).
Simple documentation process.
Any currency pairs.

Forward Exchange Contract

A forward exchange contract is a binding obligation to buy or sell a certain amount of foreign currency at a pre-agreed rate of exchange on a certain future date. This is the simplest method of covering exchange risk. You advise us of the amount, the two currencies involved, the expiry date and whether you would like to buy or sell the currency.