Forward transactions

Forwards lock in the rate of a currency against another one to buy or sell it on a future date.

Forward transactions:

• Offset FX risks
• Minimize possible losses of the customer
• Provide clearer cash flow projections to improve budgeting

Scope:

• Hedging exchange rates on foreign currency loans
• Buying and selling foreign currencies against Russian rubles to pay for future imports and exports
• Hedging FX risks on letters of credit with post-financing
• Hedging FX risks within syndicated loans and eurobond issues

The following currencies are transacted:

• USD
• EUR
• RUB
• GBP
• JPY
• CAD
• SEK

Absolut Bank strives to provide the most favorable and flexible terms to its customers:

• Forward contracts from 4 to 181 days
• No collateral and other security
• Individual strategies
• Opportunities to close hedging contracts and enter into opposite forward transactions if the market changes

Essential Terms:

• Singing a Master Agreement
• Installing iBank system (free of charge)
• Transaction limit

Contact information:

Spotlights