HDBank offers incentives to corporate customers for derivative product

Monday, Jan 18, 2021 16:50

HDBank has launched Derivative Transaction – Instant Refund of Huge Fees, a product that offers attractive incentives to businesses and one more tool to hedge risks in the current unpredictable scenario. — Photo courtesy of HDBank

To provide businesses with one more tool to prevent risks amid the market unpredictability, HDBank has launched a product called Derivative Transaction – Instant Refund of Huge Fees with incentives arguably the most attractive in the market.

The promotion is available to all corporate customers across the country who have signed a commodity price derivative contract and do their first transaction between now and March 31.

Corporate customers opening new commodity derivative accounts and having a turnover of at least 50 lots in the first month within 30 days from the first transaction will get a refund of 50 per cent of transaction fees within 30 days from the date of transaction and can use data on the exchange for free during the first month.

The commodity derivative solution that HDBank provides to enterprises is a tool to help them hedge the risk of commodity price fluctuations, which helps stabilise their operations, especially for those involved in import and/or export.

The bank introduced the commodity derivative service at the end of 2019, and it has since been trusted and used by many customers.

HDBank has tied up with many banks and brokers who are members of major international commodity exchanges, and has a professional team that is ready to serve all its customers’ needs. — VNS

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