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Forward Outright or Forward Transaction

A forward outright transaction can be performed within the scope of a financial markets client agreement. Forward outright transaction is a purchase or sale of a certain amount of one currency for another at a fixed rate at a certain date in the future.

Accordingly, the currency pair, exchange rate and the value date of making real entries are agreed on the day the transaction is made. The forward rate is calculated by adding to or deducting from the spot rate the points arising from the difference in interest rates between the respective currencies.

It is not possible to withdraw from an agreed forward transaction.
For a client conducting active business in foreign markets the forward outright is an efficient and the most favourable tool for managing its currency risks. By fixing the exchange rate for the future the company is not influenced anymore by the movements on the currencies market.

Transactions can be concluded with Treasury on business days from 9 a.m. to 5 p.m. by calling 665 6610.

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