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What is the rate used when I perform a Foreign Telegraphic Transfer transaction?

There are 3 type of rates offered, i.e. live, counter and contract rate. Rate type will be hidden when debiting account currency is the same as Amount currency. 


Refer to table below for more information. 

Rate Type  
Live Rate Real time foreign exchange rate at the time of transaction is successfully approved.

Counter Rate

Foreign exchange rate which will be updated throughout the day by the Bank. The actual foreign exchange rate will be confirmed and reflected upon processing of transaction.

Contract Rate

Foreign exchange rate valid for payment date booked directly via:

1.  CIMB CIMB Treasury Sales Dealers, Treasury & Markets, or

2.  Real time rates available in BizChannel **RECOMMENDED

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