Forward Contracts
Forward Contracts let you lock in a rate today for delivery of funds on a future
date. Once a rate is secured, your GBP equivalent is fixed for the duration of the
contract, thereby protecting your profits from erosion. This highly effective tool
for managing currency risk can be used for both payables and receivables.
You can purchase Fixed Forward and Open Forward Contracts where the terms may be
as short as three days or as long as a year. Flexible delivery dates are available
so that you can take final delivery of your funds during a 1 to 30-day window or
up to a 90-day window. Extensions can be provided if you need to reschedule the
delivery date beyond the original contract.
Forward Contracts only require a minimal, interest-earning deposit upon locking
in the exchange rate so setting up a contract has minimal impact on your cash flow.
Additionally, TransGlobal offers low minimums so that all sizes of businesses can
take advantage of this service.
Key Benefits
- Secure exchange rates today for transactions anytime between three days to one year
in the future
- Forecast budgets, profit margins, and price lists without worrying about currency
fluctuations affecting your bottom line
- Maintain control with flexible delivery dates up to a 90-day period
- Low contract minimums and minimal interest-earning security deposit requirements
Please contact us for further details of how we can
help manage your foreign currency & payment exposures.
The best rates and guidance combined with the UK’s best dealing and payment system.
Foreign Exchange does not get better than this.
Make secure & efficient domestic UK payments including BACS, CHAPS & UK Faster payments
service. No software fees, no maintenance, just a comprehensive payments platform
via a single internet solution.
Make international payments worldwide either electronically or by draft all through
our simple and secure online platform, PayFac.
Manage exposure to foreign market movements with hedging services.
Continuity of payments & foreign currency exchange in unforeseen or difficult
circumstances.
A personalised & proactive service provided by trading & payment professionals.