Products to suit the financial market

  • Forward foreign exchange contracts allow customers agree to buy or sell one currency against another at a date more than two days from the deal date, at a predetermined price.
  • The prevailing spot exchange rate and interest rates are taken into consideration to determine the forward rate.
  • Benefits: You can hedge against the negative impact of exchange rate and interest rate fluctuations by agreeing with the bank in advance to fix a future rate today.
  • With the fixed exchange rate, companies are able to plan and project cash flows for accurate budgeting. Delivery dates are customized to suit your business needs.