We have entire product suite to meet your Forex needs.
Forex Advisory Services
Through Centurion Bank of Punjab we have a fully equipped, high tech treasury, which has separate trading desks for foreign exchange & domestic markets. The trading desks are supported by state of the art software platforms. We have online connectivity to the entire branch network to affect instantaneous funds transfer.
We offer a wide spectrum of treasury (both domestic and forex) products that are tailor made to suit customer requirements.
Foreign Exchange The Bank’s Forex department has two desks viz. the Interbank Desk and the Corporate Desk. The Interbank Desk (IB) does cover operations for the Corporate Desk (CD). Besides this, it trades on its own account in USD / INR spot, forwards and cross currencies.
Foreign Currency Accounts
» FCNR accounts for NRIs
»
EEFC accounts for exchange earners in any convertible currency
»
NRE accounts in Rupees
»
NRI Premium Deposits
Foreign Currency Loans » Loans in foreign currency against FCNR deposits either on fully covered basis or un-hedged
»
External Commercial Borrowing
Remittance Services
» Payment for import bills
» Payment for other services
»
Receipts for export bills
» Receipts for other services
Hedging Services
» Inward / outward remittances
» Spot & forward transaction
Foreign Exchange Advisory Service
» Timely advice on exchange rate movement
» Direct access to our centralized back office at Mumbai for information on remittances
and realizations
Derivatives
» Cross Currency Option Contracts
» Interest Rate Swaps
» Forward Rate Agreements
»
Interest Rate Options
»
Currency Swaps
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