FX Spot Trading
FX Spot Trading is the immediate exchange of one currency for another at the current market rate. Ideal for clients needing quick currency conversion for payments, business transactions, or short-term investments, it offers real-time execution, competitive rates, and flexibility in managing foreign exchange needs.
Convert currencies instantly—trade FX now!
Settlement Terms
Delivery typically taking place within two business days of the transaction date (though it can occur on the same day).
USD/PHP
T+1
USD/Third Currencies
T+2
Same-day Options
may also be available depending on transaction conditions.
Fund Remittance Guidelines
All foreign exchange purchases for non-trade current account transactions shall either be:
Direct Remittance
Remitted directly to the intended non-resident beneficiary's account (via T/T ) on the date of purchase: or
Credited Transfer
Credited to the resident purchaser's FCDU account (with the same or another BANK) for eventual remittance by the depository BANK to the non-resident beneficiary (including payment/treasury centers/hubs of a group of companies) for the declared purposes.
Cash Payment
Payment may be in NOTES.
Regulatory Circular
CIRCULAR NO. 925 (Sept. 13, 2016) - Amendments to Foreign Exchange Regulations (NEW)
Limits (Without Supporting Documents) sale;
- Individuals up to $ 500 K.
- Corporations up to $ 1.0 Mio.
- Frequency : Daily per client
- For Clients Selling their dollars: NO LIMIT