Foreign Exchange

A forward exchange contract is a binding obligation to buy or sell a certain amount of foreign currency at a pre-agreed rate of exchange on a certain future date. This is the simplest method of covering exchange risk. You advise us of the amount, the two currencies involved, the expiry date and whether you would like to buy or sell the currency.

Benefits

• Certain exchange rate for future transactions.
• Excellent planning tool for cash flow and budgeting.