We will help identify, evaluate and mitigate the day-to-day currency risks you face, while giving you the tools to take advantage of the associated opportunities.
How we can help you
A limit order provides an upside price target. You set a price target above where the market is currently trading; when the market hits your price, your order is automatically filled.
A stop-loss order does exactly that – it stops loss. It allows you to set a "worst case" price to trade at below the current market level. Your order will be filled if the market drops to (or beyond) your protective price.
A currency forward contract is a non-standardized contract set up between two parties to buy or to sell a currency at a specified future time, at a price agreed upon at the time of contract initiation.
How do forward contracts work?
Determine the future date you would like the currency delivered on. *
Sign the forward contract and pay over the required deposit.
Once the deposit has been received we can secure the exchange rate and book the currency.**
On date of settlement, the balance must be settled. The currency will be transferred at the agreed forward contract rate.
*This needs to be exact as booking will take place on the live market.
**Deposits needs to be paid in order to cover any risk associated with the currency pair. The deposit is usually between 5-10%.
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