a bilateral contract between two counterparties, and therefore each party is responsible for assessing the credit standing and capacity of the other party, before entering into a transaction
a binding obligation to buy or sell a certain amount of foreign currency
a contract between a customer and his bank whereby each party agrees to deliver a certain amount of one currency in exchange for a certain amount of another currency, at an agreed rate of exchange at a specified future time
a contract between two parties (the Bank and the customer)
a deal that specifies the amount of one currency, which is to be exchanged for another at a future date (over two working days from today) at an exchange rate set when the deal is made
a formal agreement between a bank and a customer to exchange currencies in the future at a fixed exchange rate
an agreement between two parties to exchange different currencies at a specified rate at an agreed future date
An agreement between a bank and a customer in which the bank agrees to a fixed exchange rate for the future buying from or selling to that customer of a fixed amount of foreign currency.
Contract between the bank and its customer to buy/sell a fixed amount of foreign currency at a future date at a specified rate. A customer could enter into a forward exchange contract for a DC payment or to sell the proceeds received from an export negotiation.
Contract between the Bank and its customer to buy/sell a fixed amount of foreign currency at a future date at a specified rate. This could be for a customer to make payment under a DC or to sell the proceeds received from an export negotiation.
An agreement to exchange at a specified date the currencies of two countries at a predetermined rate.
