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Who is this product suitable for?

Corporate customers with medium- and long-term loans. Enterprises exposed to interest rate fluctuations. Customers seeking to stabilize financial expenses.

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When should an enterprise use a forward transaction?

A foreign currency receivable or payable amount has been clearly identified. The foreign exchange market is experiencing significant volatility. The enterprise seeks to stabilize costs or revenue.

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Is there any transaction fee for forward contracts?

No transaction fee is charged

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How is the forward exchange rate determined?

The prevailing spot exchange rate at the transaction date. The interest rate differential between the two currencies. The tenor of the forward contract.

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Which currencies are available for trading?

USD, EUR, JPY, GBP, AUD, SGD, CNY, CHF, TWD, HKD, NZD, and nearly 100 other currencies.

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Who is eligible to use this product?

Corporate customers with foreign currency payment or receipt needs. Individual customers with legitimate foreign currency purchase/sale needs in accordance with applicable regulations.

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Can a guarantee be released by cash payment or by documentary settlement?

Yes. The release of guarantees may be effected by cash payment or documentary settlement, depending on the customer’s business plan and subject to the Bank’s approval.

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If an enterprise applies for secured financing, what is the maximum financing ratio?

Financing of up to 280% of the collateral value may be granted, subject to asset valuation and the Bank’s approval.  

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What financing products are available under this solution?

MSB provides comprehensive financing packages, including: Loans, Issuance of bank guarantees, Letters of Credit (L/C)

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What is the current interest rate for enterprises trading in metal products?

The applicable interest rate for each enterprise depends on the Bank’s internal credit rating, the loan amount, and the banking services utilized. For detailed consultation on the interest rate applicable to your enterprise, please leave your contact information and the Bank will contact you upon receipt.

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