| Q. |
Who qualifies as the Target Segment for FOREX? |
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The target segment includes manufacturers, retail / wholesale
traders, importers / exporters and service providers who have an
underlying transaction to support the booking of a FOREX deal. |
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| Q. |
Which entities are eligible for FOREX Services? |
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Self Employed individuals and professionals |
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Sole Proprietors / Proprietorship firms |
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Partnership Firms |
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Pvt. Ltd. Companies (including closely held limited companies) |
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Listed public limited companies with promoter holding greater
than or equal to 51% holding are within target segment |
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| Q. |
What are the types of facilities offered under FOREX? |
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Depending on the needs of the customers, facilities range from: |
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Outward Trade Transactions (OTT) |
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Inward Trade Transactions (ITT) |
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Cash and Spot deals |
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Forward contracts |
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Derivative contracts |
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| Q. |
What do I need to give as security? |
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It varies depending on the requirement and relationship with
Standard Chartered Bank. Specific details would be provided by
the sales officer. |
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| Q. |
What are the minimum documents I need to submit? |
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You need to have an underlying document to support the FOREX
transaction Specific details would be provided by the sales
officer. |
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| Q. |
What is the margin charged on the various currencies? |
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The margin charged would vary from case to case based on the
strength of financials, product offered and relationship with
Standard Chartered Bank. Specific details would be provided by
the sales officer. |
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To schedule an appointment with our sales officer,
click here |
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Note: The FAQs have been prepared for general information only
and are subject to change. The ultimate aim of the FAQs is to
extend the availability of the information about the product in
simple and readable manner and should not be construed as a
comprehensive feature of the product. |
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