CCB Johannesburg
Johannesburg Branch Home Page > Products & Services
Foreign Exchange

CCB Johannesburg Branch is the authorized agent dealer and provider of foreign exchange transactions by South African Reserve Bankwith the following products
• Spot transactions
to satisfy the prompt FX demand of the clients.
-Spot transaction is the FX transaction with value date 2 working days after the trade date. Value date is the maturity date of the FX contract on which parties to the transaction exchange the currencies as per the contract.
-Spot transaction is the most basic type of all FX transactions and satisfies clients' prompt FX demand.

• Forward transactions
-FX forward transaction is the FX transaction with value date after spot value date
T+2. Value date/exchange rate/Buying and selling direction/transaction amount are determined at the transaction.
-Forward transactions are mainly used for hedging foreign exchange risk and locking FX cost or revenue in advance.

• Swap transactions
-FX swap transaction is the FX transaction with 2 value dates, on the near value dateparties to the transaction exchange currencies A and B and on thefar value date exchange in reverse. Near and far value dates/near and far exchange rates/currencies/direction of exchange and exchange amountare determined at the transaction.
-one FX swap transaction can be considered as two FX forward transactions with the same amount, different value dates and reverse transaction directions.
- FX swap transactions are mainly used for hedging foreign exchange risk and locking FX cost or revenue in advance.

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