Punjab & Sind Bank has forex treasury in place to undertake the Forex treasury operations of AD branches as per their reporting on behalf of their customers. The forex treasury is equipped with highly experienced and motivated staff with professional skills. The Forex Treasury deals in 8 major international currencies i.e. US Dollar, GBP, Euro, Yen as well as other currencies. The Forex Treasury undertakes the following treasury related activities:
- Forex Inter Bank Placements/ Borrowings
- Sale & Purchase of Foreign Exchange (e.g. Drafts/Cheques/TT/etc).
- Forward Cover Bookings
- Cross Currency Swaps
- Forex Money Market Operations