This is the transaction which, when carried out, fulfilment is agreed for a date later than if it had been agreed at spot, but not after 365 calendar days. They can be fulfilled in cash (the securities are paid), or financially (only the price difference is paid).
purchase or sale for delivery and payment at an agreed date in the future; similar to a futures contract, except that forward transactions are not subject to the standardized procedures and regulations of a commodities futures exchange.
an agreement between you and the Bank, which is agreed today, to exchange agreed-upon amounts of two different currencies at an agreed-upon rate/price for delivery on an agreed future date
an agreement by which the contracting parties enter into the obligation to buy or sell a determined amount of a commodity at a strike price, both delivery and payment being due in the future
an exchange transaction whose price is fixed now, but whose delivery is dererred to a specific date more than two working days after the conclusion date of the contract
Option to purchase at an agreed rate at a date or period in the future
The exchange of two currencies at a specified date in the future.
is an agreement to pay a specific amount at a specific time in the future for a currency or financial instrument.
A true forward transaction is an agreement that expects actual delivery of and full payment for the currency to occur on a future date. This term may also be used to refer to transactions that the parties expect to offset at some time in the future, but these transactions are not true forward transactions and are governed by the federal Commodity Exchange Act.