Forex forward booking
Banking Services - Forward Contract Booking
The Hongkong and Shanghai Banking Corporation Limited, Banking Services - Forward Contract Booking What is a foreign exchange FX forward contract?
It is a contract made between you and HSBC under which you agree to exchange for a specific amount of currencies on a specific future date, but at an exchange rate agreed today.
Forex forward contracts
Why do I need a forward contract? Forward contract is suitable for customers who wish to fix a foreign exchange rate for future settlement. For example, an importer or exporter may lock in the exchange rate for a future payable or receivable in a foreign currency.
Who can book a forward contract? Any customer with a FX contract limit can enter into a FX forward contract with HSBC.
How many types of forward contract are available in Business Internet Banking? Two types of forward contract are available: The maximum contract tenor is 6 months from the date of contract booking. Which currency pairs are available for forward contract booking?
What is Forward Booking? definition and meaning
You may book forward contracts with currency pairs of HKD against 8 major currencies including USD, EUR, GBP, JPY, AUD, CAD, CHF, and THB. What is the minimum contract booking amount?
The minimum amount per contract is USD5, or its equivalent. What are the business hours for booking forward contract via Business Internet Banking?
Frank Denneman
The business hours are from 9am to 7pm from Monday to Friday. Can I cancel a forward contract after booking? No, you cannot cancel a forward contract once you have accepted the exchange rate. What is a foreign exchange FX forward contract?