Forward Trading

A Forward Contract is a trade for which a favourable rate is agreed upon in advance though payment will occur on a specified date in the future. Once booked, the rate will never change.

Used for example, by import & export clients who need to fix their exchange rate when purchasing goods in the future so that their re-sell prices can be stabilised.

A Forward contract can be secured up to two years in advance and requires deposit of up to 10% with the balance payable upon maturity