Forward exchange contracts
Protect your contracts against exchange rate movements
Using forward exchange contracts allows you to buy or sell a certain amount of currency at a set time in the future, protecting your business against fluctuations in the exchange rate.
To find out more call 0845 300 0101 (open 8.30am to 5pm Monday to Friday).
Features & Benefits
- Fix the rate of exchange on foreign currency transactions on a specified date or for a period of time.
- Available for any business dealing in one or more foreign currencies; you get a fixed rate of exchange for the sale or purchase of a set amount of foreign currency.
- If you are uncertain when you will need/receive money, you can specify a period between two dates.
- The rate of exchange is guaranteed enabling you to determine what your costs or income will be.
- The value of transactions in the future can be accurately calculated.
- Contracts are available in most major currencies.
- You pay the foreign exchange rate which is based on the spot rate on the day of the deal. A forward exchange contract is binding and will have to be cancelled if you don't use it, this may result in a profit or loss depending on the exchange rate on the day of cancellation.
More information
If you would like more information before you apply either call 0845 300 0101 (open 8.30am to 5pm Monday to Friday) or complete our
request for further information form.
How do I apply?
By telephone
Call 0845 300 0101 for more information.
