Window FX Forward
Negotiate FX rate for a certain period of time
In a window FX forward, the client has an obligation to sell one currency and buy another currency at a pre-agreed rate, and the fulfillment of the obligation can be done in parts (disbursements) in a certain interval (window). Usually the quotes for window FX forwards are better than those for flexible forwards.
Features of Window FX forward
Obligation for full performance to maturity
Possibility for partial performances in a certain interval of time
Better quotes than those of the flexible forward
Example: The client enters into a window FX forward, with the obligation to sell EUR 1,000,000 and buy USD 1,190,500 at a maturity date of 30.11.2017 (maturity). The client can make utilizations during the period from 16.10 to 30.11.2017. The client makes two utilizations during the period: EUR 700 000 on 20.10 and EUR 300 000 on maturity (30.11). The utilizations are carried out at the previously agreed rate 1.1905.
Key Information Document Flexi FX Forward
Information on Costs FX SWAP
Product Description Flexi Forward