Common Foreign Exchange

Definition

Conversion transaction or exchange foreign currency against IDR, or other currency in form of common foreign exchange (non cash)

Benefit

  • With support of today’s information technology of Bank Jatim, we can provide fast services with competitive exchange rate price for customer.
  • Bank Jatim serve world foreign currency such as USD,GBP, JPY also other regional currency such as SGD,HKD,MYR, CNY

Note : If the number of purchase foreign exchange transactions against IDR is greater amount than USD 25,000 (or its equivalent) must be accompanied by an affidavit stamped, underlying documents, photocopy of valid ID, and a copy of TIN.

  • FX TOM & SPOT
    • Time Period
      • Tom Transaction is foreign exchange currency transaction against IDR or foreign exchange currency transaction against other  foreign exchange currency with transfer of funds in ( 1 ) one business day following.
      • Spot Transaction is foreign exchange currency transaction against IDR or foreign exchange currency transaction against other  foreign exchange currency with transfer of funds in ( 2 ) two business day following.
    • Requirement
      • If Customer doesn’t have good funds in Bank Jatim Account, Customer are required to have Treasury Line Facility at Bank Jatim and sign the FX Agreement.
  • FX Today
    • Time Period
      • Today Transaction is foreign exchange currency transaction against IDR or foreign exchange currency transaction against other  foreign exchange currency with transfer of funds in same business days.
    • Requirement
      • Today Transaction is cash basis which means good fund are available at customer account in Bank Jatim