Plain FX Forward

Plain FX Forward

Ensure predictability during adverse
movements in the FX market

In a plain FX forward, the client has the obligation to sell one currency and buy another currency on a certain future date at a pre-agreed rate.


Features of Plain FX forward

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Obligation of the client to deliver the agreed amount in the respective currency at maturity.

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Complete protection against adverse market movements.

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The client does not have the opportunity to take advantage of favorable market movements



Example: The client execute a plain FX forward, with the obligation to sell EUR 1,000,000 and buy USD 1,190,000 on 30.11.2017 (maturity). At maturity, the transaction is performed at the pre-agreed rate - 1.1900.

 

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