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Forward exchange contracts

Forward exchange contracts allow you to buy or sell a currency at a fixed exchange rate with delivery made on a given date or dates in the future.

  • Protect against adverse movements in exchange rates
  • Budget for future contracts without worrying about the exchange rate
  • Contracts available in most major currencies

    • For more information contact our international business team on 0845 300 0101 (open 8.30am to 5pm Monday to Friday). Alternatively, fill out a request for further information form or download our Forward exchange contracts guide (pdf).

    Features & Benefits of Forward exchange contracts

    • 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.
    • 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.

    How do I open a new Forward exchange contract?

    By telephone

    Call 0845 300 0101 for more information.

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