A flexible forward is an FX contract that allows the client to use part or all of the contract at a guaranteed FX rate during the period defined when setting up the contract.
A part or all of the flexible forward can thus be used, during the period defined, to make one or more FX payments or convert one or more payments received at a guaranteed FX rate.
Flexible forwards are appropriate to guarantee FX rate of payments (to be made or to be received) with uncertain dates and / or amounts.
Flexible forwards are available for the FX buy / sell orders that meet the following criteria:
Any of the 25 currencies offered by iBanFirst, excluding EUR
|Nominal amount currency||
|Minimum amount||Equivalent of EUR 25,000 in the buy currency|
|Settlement date||From 1 to 12 months|
|Beginning of take-up period date||Variable depending on currency pair; the first possible take-up date is automatically calculated and shown on the platform|
|Take-up period||From the beginning of take-up period to settlement date|
|Take-up minimum or maximum amount||None|
|Take-up minimum or maximum number||None|