Put simply, a Forward Contract allows you to take advantage of a favourable rate for a trade on a future date; you lock in a desirable exchange rate, then decide upon the transaction amount and delivery period. This gives you certainty that when you enter into a contract with a customer or supplier you know exactly what your costs and revenue will be. It works particularly well when buying goods or services that have long and uncertain lead times.
It’s essentially a hedging tool. By fixing an exchange rate for up to two years in advance of making a transfer, you can more effectively budget, maintain a competitive pricing model and protect your funds from negative market movements.
How does it work
Set yourself up in minutes, use our services the same day: it’s free, easy and without obligation. Your personal account manager will call you to confirm your registration is complete.
Then simply follow our easy steps whenever you need to make a transfer.
Advanced Services for your business
Automate international business payments, send payments to clients or employees and monitor transactions in real time
Formulate hedging programmes that help you maintain, mitigate and manage your currency risk