Swap

Definisi

  • FX Swap is two financial transaction adalah two financial transactions are carried out simultaneously, with different delivery time. Swap Transaction consist of :
    • Swap Buy (Sell & Buy) is sales transaction of reference currency with same delivery time, followed by repurchase reference currency in future time
    • Swap Sell (Buy & Sell) is purchase transaction of reference currency with same delivery time, followed by resale reference currency in future time

Benefit

  • In general this transaction is use for arranging different cash flow in two foreign currency or more
  • This transaction can also be used to extend the maturity of a sale and purchase transactions of foreign currency, for example: LC payment extended

Time Period

  • Time Period more than (2) days until (1) one year

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

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