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| Forward Contracts |
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Forward Contract
It is a contract between the bank and its customers in which the exchange/conversion of currencies would take place at future date at a rate of exchange in advance under the contract.
The essential idea of entering into a forward contract is to fix the exchange rate in advance and thereby avoid the exchange rate risk.
Forward Rates = spot rate +/- premium/discount
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| Product Testimonial |
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| Quick Links |
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 | | Link to: Union Super Salary A/c |
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