An important tool for any company with FX exposure. A forward contract fixes the rate for a date in the future, minimising your FX risk. A deposit is usually required with the balance to pay at the end of the contract. If the rates move against you, you may need to top up the deposit you have with us. It is important to note that unlike many of our competitors, we offer full flexibility on our forward contracts. This means, if you want to complete earlier or later than anticipated, you can, but there will be an adjustment in the exchange rate. Your account manager will explain this and discuss the different forward options before booking anything in.