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Forward Contracts

Protect your funds from

future currency fluctuations

Forward Contracts give protection to future currency volatilities and fluctuations.

 

 

Forward Contract is a binding obligation to buy or sell a specific amount of foreign currency at a predetermined exchange rate on an agreed date in future.

 

The Essentials

  • You can use Forward Contracts as a hedging tool to mitigate market risk.

  • Available in any major currency.

  • No minimum or maximum deal size

 

Benefits of forward contracts

• Liquid market up to 1 year

• No additional cost involved

• Available in any major currency

• Ability to use as a budget rate for the transaction

 

Eligibility

Any customer who is holding a proper underlying transaction can apply for Forward Contracts.

 

How to apply for a Forward Contract

Please contact your branch for details on applying for this service

 

Documents required

• A confirmation of the transaction has to be signed by both parties.

• Need to establish a credit limit before entering in to a forward transaction

• Forward contracts obliged to do the transaction at the agreed rate, irrespective of the fact that the prevailing market exchange rate is advantageous or disadvantageous for the client

 
Terms & Conditions apply
Product information and terms & conditions are subject to change from time to time and are governed by Guidelines for Foreign Exchange Transactions, issued by Bangladesh Bank on 31 May 2009.

 

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