Why ICBC(Asia) Private Bank |
Always in your best interest |
A wealth of potential |
Making your wealth more rewarding |
ICBC Essence Card |
RMB Product |
Cross Border RMB Trade FinanceInterest Rate Risk Hedging Product |
FX Risk Hedging Products |
Yield Enhancement Products |
NDF is a notional forward transaction as there will be no physical settlement of principal. At maturity, the difference between the contracted forward rate and the fixing spot rate is settled in US dollar.
Foreign Exchange Deliverable Forward Contracts can allow you to buy or sell a specified amount of one currency against another currency at an agreed exchange rate and delivery on future specific or optional dates. You can use Foreign Exchange Forward Contracts to fix the future foreign exchange rate and have easier financial planning.