Gain A Competitive Edge in the Global Market
Foreign Exchange (FOREX) Services* Your Best Partner in International Trade.

International Funds Transfers

Through our extensive corresponding banking network, we can make and receive payments on your behalf to and from individuals or companies overseas. We can transact incoming and outgoing funds transfers in all of the major currencies, the most popular ones are Japanese Yen, Euro, Canadian Dollar, Pound Sterling, Australian Dollar, Hong Kong Dollar and Swiss Franc.

Collection of Foreign Currency Denominated Check

Utilizing our extensive corresponding banking network, we can help to expedite the clearing process of your foreign checks which are denominated in foreign currencies or drawn on foreign banks, and to assure you receive quick and accurate credit.

Foreign Exchange Hedging Products

    Spot Contract

    Spot contracts allow you to convert foreign currency at today's market foreign exchange rate. In most cases, final settlement takes place two business days later. Spot contracts are useful when you must make a payment for products or services in a foreign currency or when you wish to convert foreign currency receipts into US dollars (USD).
    Forward Contract **

    Forward foreign exchange contracts are used to protect your profit margin when receiving or making a foreign currency payment at some point in the future, usually as a result of foreign sales or purchases. A forward contract that "locks-in" the foreign exchange rate for a future date eliminates the uncertainty that fluctuations in the exchange rate could have on your profits.
    Foreign Exchange Swap**

    Foreign exchange swaps are timing mechanisms used to hedge borrowings and investments. This device is a simultaneous purchase and sale of the same amount of a given currency for two different dates. In essence, swapping is similar to borrowing one currency and lending another for the same period.

Worldwide Market Watch 24-7

Through our corresponding banks worldwide, Chinatrust Bank (U.S.A.) watches and executes exchange rate orders 24 hours a day for amounts over USD 1,000,000 and during business hours for amounts under USD 1,000,000.

Visit your nearest Chinatrust Bank Branch or speak to your Account Officers to learn more about how you can benefit from our Foreign Exchange Services.

* Customers must have a deposit account for FOREX Services (FDIC has extended the temporary increase in the standard maximum deposit insurance amount to $250,000 per deposit through December 13, 2013).
** Customers must have an approved credit facility with the Bank (i.e., a Foreign Exchange Credit Line) to enter into foreign exchange forward contracts and foreign exchange swaps. Transaction must be greater than $100,000. Requires credit check or funds held on deposit.
 

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