Forward transactions enable you to sell or buy a specific amount of currency at a fixed exchange rate on a later value date.
- With forward contracts you can lock in specified currency rates and avoid future currency risks.
- The product is convenient particularly for foreign trade companies, foreign exchange loan borrowers and companies who do business in wavering economies.
- Eliminates unexpected and misleading fluctuations in cash flow, cost management and profitability.
Eligible Currency Pairs
- Foreign Exchanges
- EUR/USD, GBP/USD, CHF/USD, JPY/USD, TRL/EUR, TRL/USD, TRL/GBP, Other
- Precious Metals
- A forward transaction’s amount can be minimum 10,000 USD or equivalent.
- A forward transaction’s maturity can be up to 370 days.