Forwards

A solution that protects against future FX fluctuations

A Forward contract allows your business to guard against future fluctuations in exchange rates.

How Forwards work

Your business fixes an exchange rate now which determines the payment or receipt of foreign currency in the future. So whatever happens to exchange rates before the settlement date, you know the amount of sterling that you'll need to pay for or receive a given amount of foreign currency.

  • Bespoke solutions - as Forward contracts are available over short or long periods of time, Corporate & Institutional can devise a solution that matches your business' precise FX needs
  • Long-term planning - with Forward contracts available in major currencies, your business will be able to think strategically about international trade
  • Enhanced flexibility - we can offer a time option variation on a standard Forward contract, which will allow your business to have a number of smaller-sized settlements on different dates. This is particularly useful if you are unsure of the exact dates when goods will arrive
  • Certainty - Forward contracts are legally binding on your business and the bank concerned

Forward contract alternatives

As alternatives to Forward contracts, Corporate & Institutionals' product range encompasses more specialist structured solutions which use currency options.

These include the Forward Plus which is designed to limit FX risk and maximise the potential gains of favourable spot rate movements. Equally, Accrual Forwards potentially more competitive rates for businesses that opt to accumulate currency over a period of time.


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