Forward Rate Forward

A transaction intended for clientele who need to exchange available foreign money from one currency to another with maturity of more than two working days. This can be used to hedge against exchange-rate risk.

Benefits

at a suitable time you can affix a binding rate that you consider optimum to your future conversion,
you can ensure your receivable or obligation from the moment of its origin,
you can use the rate to calculate for your financial planning.

Get Acquainted

Where forward transactions are concerned, the deal in question will be settled more than two working days later. Forward transactions are generally used for a period of up to one year.

The value of the forward rate,

is based on the level of prompt exchange relation at the time that the deal in question is made,
the difference between them constitutes what are known as forward points, the main component of which is the difference between the values of the interest rates of the currencies that are the subject of the conversion.

Terms of Use

These transactions can be used if you have a current or personal account in our bank. The minimum amount of the conversion is the equivalent of 20,000 EUR.

The following is required for the transaction:

the conclusion of a general agreement for foreign exchange forward transactions,
the limit for the transaction must be set and approved.

Would you like to learn more? Call 844 117 711. The service is available on working days from 8.45 a.m. to 4.30 p.m.

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