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  #1  
June 7th, 2016, 03:16 PM
Unregistered
Guest User
 
Sbi fx ?

Hello sir I want to know about SBI FX so here can you please give me its basic information related to the product ?
  #2  
June 7th, 2016, 03:59 PM
Super Moderator
 
Join Date: Mar 2012
Re: Sbi fx ?

Hey as per your demand here I am providing you details of SBI FX

About bank
State Bank of India is an Indian multinational, public sector banking and financial services company. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra

About SBI FX
SBI FX TRADE is an online platform offered by State Bank of India to its customers to trade in the exchange traded Currency Futures.
SBI offers its clients the opportunity to trade in four currency pairs namely; USD/INR, EURO/INR, GBP/INR and JPY/INR as permitted by Regulatory authorities SEBI & RBI

Features of SBI FX Trade
Provision for lien marking. The money continues to remain in the customer's account until the deal is done, thus earning him interest.
Secure and Robust online platform.
Product from India's most trusted and transparent Bank.
Competitive brokerage rates.
Integrated platform of Bank Account and Online Trading Account.

Benefits of SBI FX
Submitting proof of underlying is not a precondition
Since, no actual delivery of foreign currency is involved, clients may hedge their indirect currency risks
Transparent & Efficient price discovery
Ease of trade
No paperwork required at branch level unlike forward contracts


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