ttb currency option

ttb currency option is a foreign exchange hedging product, that enables more financial flexibility to clients. On the contract due date, the option buyer is entitled to choose the more favorable exchange rate between the contract exchange rate and the prevailing market exchange rate. It is suitable for clients who maybe uncertain of the future exchange rate and wants to manage their exchange rate risk by hedging. The service for this type of hedging transaction has premium charges.

Benefits

To protect clients from the risk of foreign exchange rate volatility. Buyers can choose the best rate between the contract exchange rate and the market exchange rate.

Conditions

Juristic Persons

Documents Required

For Juristic Persons

  1. Certified copy of Company certificate
  2. Financial report
  3. Value added tax return under the revenue form (Por. Por. 30)
  4. Copy of List of shareholder’s names (Bor. Or. Jor. 5)