Client | Domestic Banks, Foreign Bank Branches, Merchant Banking Corporations |
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Trading Hours | 09:00-18:00 of banking days |
Currencies | USD, JPY, EUR, GBP, etc. |
Types | - O/N (Overnight) |
Procedure | - Receive the trade order from foreign exchange banks |
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. |