Product Services
With a range of customisable products and services, handle your local and international business trade requirements with the experts.
Our experienced Foreign Exchange dealers offer innovative solutions to clients’ Foreign Exchange requirements. With a wide network of correspondent banks, we cover local, some regional, and all major currencies for Spot transactions as well as risk management and hedging solutions at competitive rates.
a) Spot transactions
Customers can convert one currency to another at competitive exchange rates to be kept in the customer’s foreign currency account, or to be remitted abroad. Generally, the remittance can takes place on the same day or within 2 business days for a Spot transaction.
We allow our clients to negotiate the exchange rate with our dealers.
Benefits:
b) Forward Transactions or Promissory transactions
This instrument facilitates the customer to fix the exchange rate for foreign currency transactions on a specific date in the future. By entering into a Promise transaction, the client can eliminate the uncertainty of future currency fluctuations which will allow the customer to know the exact rate/cost of the payment on a future date.
Benefits:
c) Orders
DIB Bank Kenya accepts trade orders from top tier corporate customers for their trade related foreign exchange requirements.