A FORWARD transaction is a profitable deal, when currencies of incoming and outgoing payments in your account differ and volume of cash flow for a specific period of time can be predicted.
 FORWARD transactions (future transactions) enable you to perform currency exchange four or more days after the transaction date, but at a rate fixed on the transaction date.
With conclusion of a FORWARD transaction, an amount of 1 - 3 % of the transaction volume will be blocked in your account to guarantee fulfilment of obligations on the part of the Client. If the Bank suffers any rate volatility related losses due to non-fulfiment of Client obligations, these losses will be covered by the amount blocked in the account. This amount will be unblocked after execution of the transaction.
If you wish to apply for this service:
in case you are our current client, you should
 contact your Private banker or Dealer
sign the Confirmation of Client Obligations.
in case you are not our client yet, you should
Open a Current Account with the Bank
turn to you Private banker for help with applying for this service and
sign the Confirmation of Client Obligations. |
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