FX Today, Tomorrow and Spot

Flexible forex transaction solutions for business needs

Competitive Forex Prices

Providing foreign exchange transactions with competitive exchange rates for business needs

Easy Transaction

Transactions can be done through various service channels (Velocity, ONe Mobile and Branches)

Available in Various Currencies

Flexibility to choose currencies according to business needs

    Interest and Fee

    Other Information

    Terms and Condition

    Disclaimer

FX Today
There is no additional cost besides exchange rate

FX Non-Today
There is no additional cost besides exchange rate, however, for MD requirements, refer to FX faciltiies provided

I. Product Description
 
FX Today is an FX transaction in which the completion of transaction can be done on the same day as the transaction date (T+0).
 
FX Non-Today (FX Tomorrow, FX Spot dan FX Forward) is the buying/selling transaction of foreign exchange with agreed FX rate by customer and bank with completion minimum 1 business day after transaction date.

II. Product Simulation

1. FX Today

Customers wants to buy/sell USD 10,000 by exchanging IDR currency for today’s date of maturity (today’s rate for USD 1 = Rp 13.000).

Therefore, if customers purchase USD, their IDR account will be debited amounting to Rp 13.000.000, and credited into customers’ FX account amounting to USD 10.000.
If customers sell USD, their FX account will be debited amounting to USD 10.000 and credited to IDR account amounting to Rp 13.000.000.

2. FX Non-Today

  1. Scenario Calculation with Profit
    Customer conducts FX purchase amounting to USD 10,000 with USD/IDR rate amounting to IDR 10.000

    On settlement date, USD/IDR rate experiences an increase of IDR 10.500

    Therefore, customers will experience gain since they conduct transaction below market price, for on settlement date, customers are only required to provide IDR 100.000.000 (from what is supposed to be IDR 105.000.000

  2. Scenario Calculation with Loss
    Customer conducts FX purchase amounting to USD 10,000 with USD/IDR rate amounting to IDR 10.000

    On settlement date, USD/IDR rate experiences a decrease of IDR 9.000

    Therefore, customers will make a more expensive payment, which is IDR 100.000.000 since they were conducting transaction above market price (from what is supposed to be IDR 90.000.000)

 


III. Risk of Product and Other Information

  1. Market Risk Risks arising from movements in the value of currencies where the Customer can suffer losses if from the moment the position is opened until the transaction settlement date, the currency value always moves against the Customer's expectations

  2. Every purchase of foreign currency to the amount required in excess of USD 25,000 (per month / per CIF) the customer must submit the underlying transaction documents


IV. Facility / Channel

Transactions can be done at all Bank OCBC NISP branch offices


V. Complaint Procedure

Customers can submit complaints related to products DNDF through:

  1. Call OCBC NISP di 1500 – 999 (domestic call) atau 021-26506300 (overseas call)
  2. Contact Relationship Manager (RM))
  3. Email to callcenter@ocbcnisp.com)
  4. Click www.ocbcnisp.com)
FX Today:
  1. Indonesian citizen with ID Card (KTP)/Passport/Driving License (SIM)
  2. Foreigner with KIMS/KITAS/KITAP (Government-issued permit to work or stay in Indonesia legally)
  3. Sign the statement letter of FX purchase from Rupiah for purchase of FX from Rupiah
  4. Must have FX account in Bank OCBC NISP that is opened in branch office
FX Non-Today:
  1. Indonesian citizen with ID Card (KTP)/Passport/Driving License (SIM)
  2. Foreigner with KIMS/KITAS/KITAP (Government-issued permit to work or stay in Indonesia legally)
  3. Sign the statement letter of FX purchase from Rupiah for purchase of FX from Rupiah
  4. Must have FX account in Bank OCBC NISP that is opened in branch office
  5. For FX Non-Today transaction, customers must sign the agreement document of the giving of FX transaction facility (for first time only). For the next FX Non-Today transactions, customers need to complete FX transaction placement form with guarantee and customers need to be in good fund

  1. You hereby acknowledge that you have read, received explanation and understood the product and/or service as specified in this Summary of Product and/or Service Information (“Summary”) and have informed, understood and accepted any consequences of product and/or service including all inherent benefits, risks and costs.
  2. This Summary is intended only as an information and does not aim to be a basis for investment decisions. Past performance is not an indication of future performance. Any proposal documents for investment related products, must be studied further. Any projections, opinions or other statistical facts displayed in this information are only an indication and are not guaranteed in any form. You must determine your own decisions in accordance with the needs and investment strategies by considering legal, tax and accounting issues. Based on good intentions and moral responsibility, Bank OCBC NISP and each of its employees are not responsible for any direct or indirect losses, or as a consequence arising from the use of and dependence on this information in an investment decision.
  3. Bank OCBC NISP reserves the right to reject your product and/or service application if it does not fulfil the requirements and the application of laws and regulations.
  4. You have to carefully read this Summary and contact Bank OCBC NISP if there are further queries in respect of the product and/or service contained in this Summary.
  5. This Summary has been adjusted to be in accordance with the provisions of regulations including the regulations of Financial Service Authority.
    This Summary is made in English and Bahasa Indonesia, and in the event of inconsistency between the version, Bahasa Indonesia shall prevail.
    PT Bank OCBC NISP Tbk terdaftar dan diawasi oleh OJK dan merupakan peserta penjamin LPS

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FX Today, Tomorrow and Spot

Unlimited Access Banking Access, Anywhere

Transact online in real-time and on-the-go with Velocity@ocbcnisp Mobile, the mobile companion app

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