Forward contracts

Lock in future exchange rates to protect your margins and gain certainty over cash flows.

Forward contract snapshots

Tenors from a few days to 24 months+ (subject to approvals)
Flexible drawdown structures
Tailored to your cash-flow timing
Integrated with your FX policy

Why use forward contracts?

Forward contracts can remove uncertainty from known FX exposures — such as purchase orders, recurring supplier payments or contracted revenue in foreign currencies.

Protect quoted prices and margins
Improve budgeting accuracy
Reduce sensitivity to market volatility

Structures we commonly use

Fixed-date forwards
Window forwards and flexible drawdowns
Layered hedging programmes

We work with you to align notional amounts and tenors to your underlying exposures, liquidity and risk appetite.

Risk and considerations

Forwards create an obligation to exchange currency at an agreed rate and date. We help you understand the impact of:

Over-hedging and under-hedging
Early drawdowns or extensions
Mark-to-market movements

Governance and documentation

We support your internal governance requirements with clear trade confirmations, reporting and market commentary in plain English.

Forward trading is subject to our standard terms, credit approval and documentation.

Explore a forward strategy for your business