![Plain FX Forward Plain FX Forward](/ResourcePackages/DSKBank/assets/dist/images/empty.gif)
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.
Target market of the product
The plain FX forward is a financial instrument, which the Bank manufactures and distributes as a product. The table below sets out the criteria for determining for which client profile the product is compatible with or not.
Contact dealers:
Treasury Sales Department
Deyan Mankovski – Head of the Treasury Sales Department– 02 80 10 862
Kalina Mays – Head of FX Department, Treasury Sales Department – 02 97 66 233
Milena Lukanova – Senior Dealer, Treasury Sales Department – 02 97 66 232
Hristo Arnaudov – Dealer, Treasury Sales Department – 02 93 91 364
Velichko Dimov – Dealer, Treasury Sales Directorate Department – 02 93 91 126
Stoyan Georgiev – Senior Dealer, Treasury Sales Department – 02 93 91 130
Hristo Sugarev – Dealer, Treasury Sales Department – 02 93 91 133
Ivelin Ivanov – Senior Dealer, Treasury Sales Department – 02 93 91 365
Martin Georgiev – Dealer, Treasury Sales Department – 02 97 66 234
Documents
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Product Description FX Forward
PDF file
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Key Information Document FX Forward
PDF file
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Information on Costs FX SWAP
PDF file
News
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