CCB Johannesburg Branch is the authorized agent dealer and provider of foreign exchange transactions by South African Reserve Bank，with the following products：
• Spot transactions，to satisfy the prompt FX demand of the clients.
-Spot transaction is the FX transaction with value date 2 working days after the trade date. Value date is the maturity date of the FX contract on which parties to the transaction exchange the currencies as per the contract.
-Spot transaction is the most basic type of all FX transactions and satisfies clients' prompt FX demand.
• Forward transactions
-FX forward transaction is the FX transaction with value date after spot value date（T+2）. Value date/exchange rate/Buying and selling direction/transaction amount are determined at the transaction.
-Forward transactions are mainly used for hedging foreign exchange risk and locking FX cost or revenue in advance.
• Swap transactions
-FX swap transaction is the FX transaction with 2 value dates, on the near value dateparties to the transaction exchange currencies A and B and on thefar value date exchange in reverse. Near and far value dates/near and far exchange rates/currencies/direction of exchange and exchange amountare determined at the transaction.
-one FX swap transaction can be considered as two FX forward transactions with the same amount, different value dates and reverse transaction directions.
- FX swap transactions are mainly used for hedging foreign exchange risk and locking FX cost or revenue in advance.
The balance between potential risks and benefits are carefully considered in all our financial products; should more technical information on our financial products be required, please contact your Relationship Manager.
