Treasury Products
Credit Products
Treasury Products
Banking
Loans
i. International Payments
Our international payments services offer the fastest and safest SWIFT and TISS services, for both inward and outward telegraphic transfers for US Dollars (USD), Sterling (GBP), Euro (UER), Japanese Yen (JPY), Australian Dollars (AUD), Canadian Dollars (CAD), Swiss Franc (CHF), Chinese Yuan (CNY), Denmark Krone (DKK), Sweden Krona (SEK), South African Rand (ZAR), Kenyan Shillings (KES) and Ugandan Shillings (UGX).
Our customers only contribute a flat fee for outgoing SWIFTs service irrespective of the amount being transferred.
Our systems allow an instant credit into a beneficiary account upon receipt of customer’s remittances (incoming SWIFTs) and CDB does not charge for all incoming SWIFTs to all foreign currency accounts.
ii. Bureau Services
CDB has been licensed by the regulator to provide bureau services and therefore we facilitate selling and buying of foreign currencies against local currency at very competitive rates.
iii. Money Market
Under this product, CDB participate in the Interbank Cash Market (IBCM) where the bank borrows from the market in times of shortage and place excess funds.
iv. Government Securities
China Dasheng Bank was granted a license by Bank of Tanzania (BOT) to buy and sell Government Securities for our own and customer account.
This stimulates secondary market trading for securities, encouraging augmented liquidity in the market.
We therefore invite our customers to utilise this opportunity with the bank in order to trade or invest in government securities by using our Bank. These government securities are low risk investment Treasury bills and Treasury bonds.
CDB has access to CDS infrastructure where by it can facilitate opening of CDS account to the clients, bid and settle government securities.
v. Risk Management
We use foreign exchange (FX) hedging tools to help reduce the risks associated with foreign currency fluctuations. Our solutions give our customers greater certainty over their future cash-flows, enabling them to plan for the future with increased confidence
Why hedge?
Foreign exchange (FX) is a risk factor that is often overlooked by small and medium sized enterprises (SMEs) that wish to enter, grow, and succeed in the global marketplace. FX risk is the exposure to potential financial losses due to fluctuation of the foreign currency against the local currency. Exchange rates can be volatile. If they move in an unfavorable manner, they can have a negative impact on your finances, the cost of imports and the value gained from exporting goods and services. This can result in adverse effects on your profitability and cash flow.
Our solutions can help you;
- Hedge against price volatility
- Have greater certainty over future income and costs.
- Make financial forecasts with more confidence.
- Manage your cash flow more effectively.
We help you identify the FX risks you may be facing. We then quantify these risks and work with you to manage them, leaving you to focus on what you do best – running your business.
Our products
FX Forwards
FX Swaps
FX Options
vi. Spot Foreign Exchange
With financial partners located throughout the globe, we buy and sell various global currencies in the spot market at no commission. This is to meet the market needs of both retail and corporate clients.
Being a bank with the largest network in the country, we also cater for cash foreign exchange transactions for Walk-In Customers (non-account holders) at a zero cost at any of our branches across the country.
We offer special and negotiable rates for amounts above USD 5,000.00 or the equivalent in other currencies.
In addition to this, we are able to facilitate international payments, view details
Bank with us!
Interested to open your bank account with us? We will be happy to have you on board! Fill in your details on the right so you can create your bank account with us. For more details, feel free to contact us using our contact details below.