Foreign Exchange Transactions
You can use foreign exchange transaction services with various products to conduct foreign exchange buying and selling transactions and hedge against fluctuating exchange rate changes. With various conveniences from Bank ‘s foreign exchange transaction services, you can transact foreign exchange safely and comfortably.
Foreign Exchange Transaction Products.
- FX Today
Fx Today (Tod) is a foreign exchange purchase/sale transaction, with the delivery/settlement of funds carried out on the same day as the transaction day. - FX Tomorrow
FX Tomorrow (Tom) is a foreign exchange sale/purchase transaction, with the delivery/settlement of funds carried out 1 (one) working day after the transaction date. - FX Spot
FX Spot is a foreign exchange sale/purchase transaction with delivery/settlement of funds carried out 2 (two) working days after the transaction date. - FX Forward
FX Forward is a foreign exchange sale/purchase transaction with the date of delivery of funds carried out in the future at a rate/price that has been determined at the time the transaction is carried out. - FX Swap
FX Swap is a transaction of selling/buying foreign currency against another foreign currency on a certain future delivery date which is simultaneously followed by an agreement to sell/buy back the foreign currency at a rate/price that has been determined at the time of the transaction. Both transactions are carried out simultaneously with the same counterparty.
Remittance
- Foreign Exchange Remittance Transfer
With Bank Remittance Service, your foreign exchange transfers both domestically and abroad, can be ensured to run efficiently, easily, quickly and safely either by Demand Draft/ Bank Draft/ Money Order or T/T (telegraphic Transfer), via SWIFT (Sociaty Worldwide Interbank Financial Telecommunication).
Support for correspondence networks spread throughout the world and the integration of all Bank Woori Saudara offices online ensures that your foreign exchange transfer process is effective on the same day.
Benefits:- Easy, fast and safe process
- Low transfer fees
- Flexible in terms of funding sources, either cash or account debit in Rupiah or other currencies
- Competitive buying and selling rates provide more convenience when making transfers.
- Foreign Exchange Collections –
In addition to transfer services, Bank Woori Saudara also provides foreign exchange document collection services with payment instruments including Checks, Demand Drafts/ Bank Drafts and others.
Benefits:
Provides ease and convenience in collecting payment instruments at competitive costs, with features:- Can be implemented at all Foreign Exchange Bank Woori Saudara branch offices
- The types of Drafts that can be collected are Bank Drafts, Checks (personal and corporate checks) and Traveler’s Checks.
- Payment for billing can be made in various ways according to your choice, either in cash, in rupiah or non-cash foreign currency (bank draft).
