The Deposit for Forward Payment Contracts
When subscribing to a forward payment contract with iBanFirst, you will be required to provide an initial deposit. This deposit, expressed as a percentage of the notional amount of the contract, is intended to protect iBanFirst from potential financial losses related to this transaction.
📊 Where to View Your Deposit Parameters
The rules applicable to your deposit are available on the iBanFirst platform:
Menu: Collateral Account > Rules and Parameters
🧾 Examples of Deposit Types
✅ Example 1: Decreasing Deposit
A contract with a maturity of less than 180 days requires an initial deposit of 5%.
When the remaining maturity drops below 30 days, the required deposit is reduced to 3%.
You can then recover the 2% released from your collateral account.
✅ Example 2: Flat Deposit
A fixed rate of 2% applies, regardless of the contract’s maturity.
The deposited amount can be recovered at the contract’s maturity.
💰 How to Deposit Collateral on the iBanFirst Platform
Fund your iBanFirst account with the required amount.
Go to the Collateral Account screen.
Click on Credit / Debit Account.
Transfer the amount to your collateral account.
🔄 How to Recover Your Collateral
When funds are released, you can transfer them back to your main iBanFirst account:
Go to the Collateral Account page.
Click on Credit / Debit Account > Transfer Collateral.
Select the amount to transfer.