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
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