The two parties agree to exchange one currency for another at a future date at a predetermined price.

• Corporations and individuals can hedge against negative impact of exchange rate fluctuations by agreeing with the bank in advance to lock in today’s exchange rate for future delivery.
• With fixed exchanged rate, corporations and individuals are able to plan / project cash flow for accurate budgeting with more certainty.
• Delivery dates are customised to suit your business needs – call us today!