The transaction between buyers and sellers, in which buyers have the right but not duty to buy or sell a certain currency amount at a certain exchange rate for a certain period. If buyers choose to exercise their option, sellers have the duty to sell and buy that currency amount as specified in the contract at a prior agreeable rate.
There are two types of options
Call option: the option to buy foreign currency at an agreeable rate in a specified period or time.
Put option: The option to sell foreign currency at an agreeable rate in a specified period or time.

American style: the option can be exercised at any time during its validity.
European style: the option can only be exercised at the contract maturity date.

Buyer: eligible individuals or entities living or operating in Vietnam
Seller: Eximbank

The amount that buyers have to pay for the bank (sellers) to get the option.

The exchange rate agreed by the two parties and specified in the contract

USD, GBP, CHF, JPY, AUD, CAD, EUR

Equivalent to at least USD$100,000 (one hundred thousand US dollars) for each contract.

from 3 days up to 365 days

The period that option can be done by the requirements of buyers from the contract signing date to before 11:00 (Hanoi time) of the contract maturity date.

No need for any documents certifying the purpose of currency use.

When in need of implementing the contract, customers submit the Request for Contract Exercise to Eximbank.

Help exporters, importers to hedge their cash flow against F/X fluctuation in the market.
With an acceptable premium, customers can buy an option in an F/X changing market.
Have a chance to speculate on F/X fluctuation with a fixed premium and unlimited profit.