Forward Contracts
Forward Contracts give protection to future currency volatilities and fluctuations.
Forward Contract is a binding obligation to buy or sell a specific amount of foreign currency at a predetermined exchange rate on an agreed date in future.
The Essentials
You can use Forward Contracts as a hedging tool to mitigate market risk.
Available in any major currency.
No minimum or maximum deal size
Benefits of forward contracts
- Liquid market up to 1 year
- No additional cost involved
- Available in any major currency
- Ability to use as a budget rate for the transaction
Eligibility
Any customer who is holding a proper underlying transaction can apply for Forward Contracts.
How to apply for a Forward Contract
Please contact your branch for details on applying for this service
Documents required
- A confirmation of the transaction has to be signed by both parties.
- Need to establish a credit limit before entering in to a forward transaction
- Forward contracts obliged to do the transaction at the agreed rate, irrespective of the fact that the prevailing market exchange rate is advantageous or disadvantageous for the client
Terms & Conditions apply
Product information and terms & conditions are subject to change from time to time. Therefore, it is advisable to contact the branch nearest to you for the latest information and prevailing terms & conditions.
Forward Contracts
Open a Forward Contract
Related Categories
Investments
Foreign Exchange
Fixed Income Products
