It is a transaction based on an agreement between VietinBank and the other Financial Institution commits to buying one currency against selling another currency at a predetermined exchange rate and the payment will be made at a specified date in the future as following:

-        The value date of the two foreign currency forward transactions: negotiate between VietinBank and the Financial Institution.

-        The value date of the foreign currency against the VND forward transactions: minimum of 3 days, maximum of 365 days from the transaction date.

 A competitive FX forward rate

Mitigating risks of exchange rate volatility

 Effective cash flow management.

Meeting the Client ‘s large-scale amount of foreign currencies;