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About SMBS

SMBS baner

title

  • Foreign Exchange BrokingForeign Exchange Broking
  • Foreign Currency Call Broking

Foreign Currency Call Broking

SMBS deals with shert-terrn (up to one year maturity) borrowing and lending transactions of foreign currency funds denominated in the US dollar, japanese Yen, UK Pound, Euro, etc. Domestic banks, including their overseas vbranches and foreign bank branches in korea partcipate actvely in this market.

Foreign Currency Call Broking
Client Domestic Banks, Foreign Bank Branches, Merchant Banking Corporations
Trading Hours 09:00-18:00 of banking days
Currencies USD, JPY, EUR, GBP, etc.
Types

- O/N (Overnight)
- T/N (Tomorrow next)
- S/N (Spot next)
- 1,2,3 Weeks
- 1,2,3,6 Months
- 1 Year

Procedure

- Receive the trade order from foreign exchange banks
- Notify that the transaction is executed and send the details of the trade concluded

Delivery Day

Delivery date is usually value spot, but O/N should be delivered on the trade date, T/N on next business day, S/N on two business days after the trade date.

Settlement

Settlement of the foreign currency funds between banks shall be done through their accounts in U.S or other countries depending on the currency.