Companies of all sizes face foreign exchange risk when they deal with counterparts, suppliers, clients, partners, subsidiaries, or mother companies in foreign currencies.

Forward contracts allow companies to hedge foreign exchange risk by locking a foreign exchange rate for a given amount and a given period, regardless of how the foreign exchange market evolves over the period.

iBanFirst allows clients to book multiple types of forward contrats:

  • Forwards
  • Flexible forwards
  • Dynamic forwards

Forwards are additional services that must be activated from the platform Settings screen.

Forward contracts must be instructed from the platform and booked over the phone.

Please get in touch with your account manager if you would like to know more about forward contracts.

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