Forward Contracts
Forwards
Persistent political and economic uncertainty mean that businesses must plan ahead carefully. Forward Contracts are an effective means of protecting your foreign currency exposure from volatility, particularly for future payments or receipts.
Specific Date
Forward contracts allow you to secure a fixed price for buying or selling currencies on a specific date in the future. The price you lock in is determined on the day you agree the amount and settlement date for the forward contract. Forward contracts are particularly useful for businesses that have future payments or receipts in foreign currency because they allow you to protect your budget and profit margins. In this way, they can be an important part of a company’s hedging toolkit.
Types of Forward Contract available
- Fixed Forwards: Exchange one currency for another on a fixed future date
- Open Forwards: Exchange one currency for another between the trade date and a date in the future
- Window Forwards: Exchange one currency for another between two dates in the future
- Non-Deliverable Forwards: Cash-settle the profit or loss upon maturity of a fixed forward
Our dedicated team of currency risk management experts are on hand to exchange your money into a variety of different currencies, enabling you to make instant international payments.
We are passionate about working closely with our clients to deliver a proactive, solution-led service. Our team will work with you to develop a bespoke strategy for managing risk.
We provide professional currency guidance on market movements that helps our clients minimise risk when making foreign currency exchanges.
Trading with us is simple
