Foreign Exchange Forward Contracts
We offer Forward Contracts on the major trading currencies to enable you to hedge your risk against any unfavourable foreign exchange movements. Forward Contracts are suitable for importers who may have future foreign currency obligations or exporters who may have future foreign currency receipts.
What does it offer you:
- Reduces the risk of losing money due to movements in exchange rates
- Enables you to plan for the short to medium term with certainty
- Very flexible and simple to access
- Access to dedicated specialist advice on the foreign exchange market.
What you need to apply:
- Undergo a credit assessment
- Cash collateral of up to 10% of the value of the transaction may be required.