Once booked, a flexible forward hedge can be used to convert currencies at the guaranteed foreign exchange rate.
A flexible forward hedge can be used:
For a single currency conversion
As part of a foreign exchange payment
Using a flexible forward hedge for a single currency conversion
To use a flexible forward hedge for a single currency conversion:
Go to Hedging > Scheduled, select the flexible forward hedge to be used, and click on Use flexible forward hedge
Enter the amount to be converted and click on Next to validate the conversion at the guaranteed foreign exchange rate
Using a flexible forward hedge as part of a foreign exchange payment
To use a flexible forward hedge as part of a foreign exchange payment:
Go to Payments > Create a new payment and fill in the form
Make sure to tick Use a flexible forward and to select the flexible forward hedge to use, before clicking on Next to validate the payment and the conversion at the guaranteed foreign exchange rate