Foreign Exchange

The mission of Bank CTBC Indonesia is to focus to providing financial solutions to corporate clients, IOW, and Secondary Segment Retail through professional services, caring, reliable, integrity and innovative. Driven by our deep commitment to give the best of our services, all of our well-equipped dealers are always ready to serve you with the most competitive prices/ rates based on the market fluctuation.

We constantly strive to keep you up to date with the foreign exchange international and regional markets through our daily “MARKET UPDATES” that you can access in the front page of our website, which gives you a brief analysis of the financial ongoing in the market and helps to take an informed decision at the right time.

If you are not yet have an account in Bank CTBC Indonesia, our Customer Service will be very pleased to help you.

Foreign Exchange

The Foreign Exchange market is a non-stop cash market where currencies of nations are traded. Foreign exchange market conditions can change at any time in response to real-time events. The rate at which they are exchanged is called the exchange rate.

Bank CTBC Indonesia provides 2 kinds of rates :

• Counter Rate (for transaction below equivalent 10,000 USD)

• Special Rate (for transaction equivalent and above 10,000 USD)

In order to minimize the customer's risks related to fluctuations of currency exchange rates Bank CTBC Indonesia offers to its customers the following timeline for the transaction :

• Today/Cash (TOD Transaction)
  Today Foreign Exchange contract is a required obligation to buy or sell a certain amount of currency against another currency at the current market rate, in the same day settlement.

  • Benefit : Customer can fulfill the need of currency exchange immediately on the same day

  • Risk :Customer might exposed to market risk which is risk arising from market price movement in this case foreign exchange rate

  • Requirements :

    1. Customer shall provide effective fund

    2. Customer shall submit foreign exchange application

    3. Customer shall submit statement letter and supporting documents to comply with prevailing provision

  • Cost/Fee :No charges applies for today transaction

• Tomorrow and Spot (TOM and Spot) :
  Tomorrow Foreign Exchange is a is a required obligation to buy or sell a certain amount of currency against another currency at the current market rate, for settlement in the next working day (TOM) or two working days (spot) after the deal date.

• Benefit :Customer can fulfill the need of currency exchange immediately on the same day

• Risk :Customer might be exposed to market risk and settlement risk

  1. Market risk : Customer might suffer a loss or profit as a result of market price movement, in this case foreign exchange rates

  2. Settlement risk : Nasabah dapat menderita kerugian atau dikenakan biaya apabila terjadi kegagalan penyelesaian transaksi yang dilakukan melalui fasilitas atau sistem tertentu diluar kendali Bank CTBC Indonesia

• Requirements :

  1. Customer shall have FX Spot Line facility

  2. Customer shall provide effective fund on settlement date

  3. Customer shall submit foreign exchange application

  4. Customer shall submit statement letter and supporting documents to comply with prevailing provision

• Cost/Fee :Customer required to pay premium cost when purchase an option contract

Forward Transaction

Forward Foreign Exchange contract is a is a required obligation to buy or sell a certain amount of currency against another currency at a pre-agreed rate of exchange for delivery on a future date (typically within one year).

• Benefit :Customer can do hedging for their market risk exposure

• Risk :Customer might be exposed to market risk and settlement risk

  • Market risk : Customer might suffer a loss or profit as a result of market price movement, in this case foreign exchange rates

  • Settlement risk : Customer might suffer a loss or incur cost in the event of failure in transaction settlement conducted through a facility or system beyond the control of Bank CTBC Indonesia

• Requirements :

  • Customer shall have Pre-Settlement Risk Limit facility

  • Customer shall provide effective fund on settlement date

  • Customer shall submit foreign exchange application

  • Customer shall submit statement letter and supporting documents to comply with prevailing provision

  • Cost/Fee :No charges applies for forward outright transaction

• Requirements :

  • Customer shall have Pre-Settlement Risk Limit facility

  • Customer shall provide effective fund on settlement date

  • Customer shall submit foreign exchange application

  • Customer shall submit statement letter and supporting documents to comply with prevailing provision

  • Cost/Fee :No charges applies for forward outright transaction

• Benefit :

  • Customer can change the maturity date of their contract

  • Customer can get funding in different currencies

• Risk :Customer might be exposed to market risk and settlement risk

  • Market risk : Customer might suffer a loss or profit as a result of market price movement, in this case foreign exchange rates

  • Settlement risk : Customer might suffer a loss or incur cost in the event of failure in transaction settlement conducted through a facility or system beyond the control of Bank CTBC Indonesia

• Requirements :

  • Customer shall have Pre-Settlement Risk Limit facility

  • Customer shall provide effective fund on settlement date

  • Customer shall submit foreign exchange application

  • Customer shall submit statement letter and supporting documents to comply with prevailing provision

• Cost/Fee :No charges applies for forward outright transaction

Option Transaction

FX Option is: a contract that provides a right for the option buyer to buy (call) or sell (put) a currency at a predetermined price (strike level) at the predetermined date.

• Benefit :Customer can specify a desired level of exchange rate in option transaction and limit the loss level only at premium paid.

• Risk :Customer might be exposed to market risk and settlement risk

  • Market risk : Customer might suffer a loss or profit as a result of market price movement, in this case foreign exchange rates

  • Settlement risk : Customer might suffer a loss or incur cost in the event of failure in transaction settlement conducted through a facility or system beyond the control of Bank CTBC Indonesia

• Requirements :

  • Customer shall have FX Spot Line facility and Assessment of Suitability and Appropriateness for Derivative transaction has been conducted.

  • Customer has signed ISDA

  • Customer shall provide effective fund on settlement date

  • Customer shall submit signed confirmation of transaction

  • Customer shall submit statement letter and supporting documents to comply with prevailing provision

• Cost/Fee :Customer required to pay premium cost when purchase an option contract

Further Information

Contact Us

Treasury Department

Head Office – Jakarta
PT Bank CTBC Indonesia
Tamara Center 17th Floor
Jl. Jend Sudirman Kav. 24
Jakarta 12920

Telp No. (62-21) 2557 8787 (Hunting)
Ext No. 8741, 8742, 8744, 8746

Direct No. (62-21) 520 3661-62
Fax No. (62-21) 252 6628