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Foreign currency

Features and Benefits

  • Customers shall receive cash or transfer from the sender of Kienlongbank or other financial institutions through Kienlongbank.
  • Unlimited quantities
  • Customers can check the status of their transactions in different channels including text messages, customer care center, or e-Banking
  • Customers shall received notifications through text messages or call once the money has arrived.
SPOT

  • SPOT is a transaction in which two parties buy or sell a currency for settlement on the spot date, which is normally two business days after the trade date.
  • Foreign exchange fee: No fee is applicable
  • Documents for spot rate: Customers who purchase foreign currencies must present documents providing the purposes, quantities, type of currencies, and date of the purchase in compliance with the foreign exchange management law.
FORWARD

  • A FORWARD is a contract between two parties to buy or to sell currencies at a specified future time at a price agreed upon today.
  • Duration: A minium of 3 days and a maximum of 365 days
  • Foreign exchange fee: No fee is applicable 
  • Documents for forward rate: Customers who purchase foreign currencies must present documents providing the purposes, quantities, type of currencies, and date of the purchase in compliance with the foreign exchange management law.
SWAP

  • A SWAP is a transaction in which two counterparties exchange cash flows of one party’s currencies for those of the otherparty’s currencies with different exchange dates and foreign exchange rates specified in the contract signed upon today.
  • Duration: A minium of 03 days and maxium of 365 days
  • Foreign exchange fee: No fee is applicable
 For more information, please contact the nearest branches / transactional offices or dial 1900 5555 39 for assistance.

Add: 40-42-44 Pham Hong Thai Str., Rach Gia City, Kien Giang Province
Tel: (0297) 3869 950 - 3877 541 - Fax: (0297) 3871 171 - 3877 538
Hotline: 1900 6929 - (028) 7309 6929
Email: kienlong@kienlongbank.com - SWIFT code: KLBKVNVX

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