Foreign Exchange

Foreign Exchange market is known as the market in which currencies are traded. The Forex Market is expanding across the country due to extended business in home and abroad.

Trade is conducted over the counter (OTC). The international forex market is open 24 hours a day, five days a week, and these currencies are traded worldwide among the major financial centers of London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris and Sydney.

Community Bank has entered into this market and expecting to expand with all types of customers

The following products are usually offered in this market

Spot Transactions

Spot transitions are of
Forex, settled after two
days

Forward Transactions

Transactions beyond spot
settled after a specific
period

SWAP

Two parties transect certain
sum at a spread and
commit to reverse the
transaction at different
legs.

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