Skip to main content
All CollectionsForeign exchange and hedgingForeign exchange risk hedging
Using a flexible forward hedge
Using a flexible forward hedge
François Cosnier avatar
Written by François Cosnier
Updated over 2 months ago

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

When to Use a Flexible Forward Hedge?

You can use a flexible forward hedge for:

  • A single currency conversion

  • A foreign exchange payment

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

Steps:

  1. Navigate to Hedging > Scheduled.

  2. Select the flexible forward hedge you want to use.

  3. Click Use Flexible Forward Hedge.

  4. Enter the amount you wish to convert.

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

2. Using a Flexible Forward Hedge 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 hedge you wish to apply.

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

Did this answer your question?