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FAQ

How to submit BO Account application?

1.Open any web browser in your Mobile or PC
2.Type https://fcslbd.com/bo in the address bar of the browser and hit enter
3.You'll get the Online BO form
4.Now fill up the every required field in the form
5.After submitting please proceed to payment
6.You can pay via bkash and nagad
7.After completing payment please send transaction ID along with First Applicant Name, Email ID through Payment Successful Form.

How much does it cost to open a BO account?

500 tk only

What documents are required to open a BO account?
To open a BO acoount you need
1. Your bank statment
2. 3 copies Photo of account holder.
3. 2 copies Photo of nominee.
4. 2 copies photo of POA (If POA exist )
5. TIN Certificate (If you have)
6. Valid Passport (If you have)
7. Active e-mail address
8. NID card or Chairman Cerficate with attestation
9. Mobile number
How many BO account can open one person?
One person can open two BO Account.
1. Single account
2. Joint account
How many BO account can be opened by a bank account?
You just opend two BO accounts by a bank account.
Can I open an account below 18?
No, you have to 18 years old to open a BO account.

Futures:

Futures are financial contracts obligating the buyer to purchase, or the seller to sell, an asset at a predetermined price on a specific future date. These contracts are standardized and traded on exchanges, covering various assets such as stocks, indices, commodities, and currencies.

Futures serve two main purposes:

  1. Hedging: Protecting against price fluctuations.
  2. Speculation: Profiting from price movements without owning the underlying asset.

With features like leverage, liquidity, and transparent pricing, futures are a versatile tool for both risk management and investment strategies.

Options:

Options are financial derivatives that give the buyer the right, but not the obligation, to buy or sell an underlying asset at a predetermined price within a specific time frame. These contracts come in two types:

  1. Call Option: The right to buy the asset.
  2. Put Option: The right to sell the asset.

Options are widely used for:

  • Hedging: Protecting against adverse price movements.
  • Speculation: Leveraging price movements for potential profit with limited risk.

Options provide flexibility, enabling investors to manage risk or capitalize on market opportunities effectively.

Swaps:

Swaps are financial agreements between two parties to exchange cash flows or liabilities from different financial instruments. The most common types of swaps are:

  1. Interest Rate Swaps: Exchanging fixed interest payments for floating rates or vice versa.
  2. Currency Swaps: Exchanging cash flows in different currencies to manage foreign exchange risk.

Swaps are primarily used for:

  • Hedging: Managing risks like interest rate or currency fluctuations.
  • Speculation: Gaining exposure to specific markets or financial conditions.

Swaps are custom contracts traded over-the-counter (OTC), tailored to meet the specific needs of the parties involved.

Forwards:

Forwards are customized financial contracts between two parties to buy or sell an asset at a predetermined price on a specific future date. Unlike futures, forwards are traded over-the-counter (OTC) and are tailored to meet the needs of the parties involved.

Forwards are commonly used for:

  • Hedging: Protecting against price volatility in assets like commodities, currencies, or stocks.
  • Speculation: Gaining profit opportunities from future price movements.

While forwards offer flexibility, they also carry counterparty risk since they are not standardized or traded on an exchange..