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Using a flexible forward contract

François Cosnier avatar
Written by François Cosnier
Updated this week

Once booked, a flexible forward contract allows you to convert currencies at a guaranteed foreign exchange rate.

When to Use a Flexible Forward Contract?

You can use a flexible forward contract for:

  • A single currency conversion

  • A foreign exchange payment

1. Using a Flexible Forward Contract for a Single Currency Conversion

Steps:

  1. Navigate to Forwards > Scheduled.

  2. Select the flexible forward you want to use.

  3. Click Use Flexible Forward.

  4. Enter the amount you wish to convert.

  5. Click Next to validate the conversion at the guaranteed rate.

2. Using a Flexible Forward Contract as Part of a Foreign Exchange Payment

Steps:

  1. Go to Payments > Create a New Payment.

  2. Complete the payment form.

  3. Tick the box for Use a Flexible Forward.

  4. Select the flexible forward you wish to apply.

  5. Click Next to validate the payment and currency conversion at the guaranteed rate.

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