The FX Forward is an over-the-counter (OTC) contract between two parties agreeing to
⮚ Buy or Sell a given amount of currency
⮚ For settlement at some specified future date, typically more than 1week, up to 1year.
⮚ At an exchange rate which is agreed between the two parties on the dealing date.
No money changes hand until the settlement date.
The FX Forward is an over-the-counter (OTC) contract between two parties agreeing to
⮚ Buy or Sell a given amount of currency
⮚ For settlement at some specified future date, typically more than 1week, up to 1year.
⮚ At an exchange rate which is agreed between the two parties on the dealing date.
No money changes hand until the settlement date.
This product allows customers to cap or determine the cost of their future foreign exchange obligations. This also will assist clients to determine the appropriate pricing of their goods and services.
