A Forward contract is an agreement between two parties- a buyer and a seller- to purchase or sell something (say foreign currency) at a later date at a price (say in terms of domestic currency) agreed upon today.
FX Value Forward
A foreign exchange contract where the settlement of currencies takes place on any date beyond spot is called FX values Forward or value Outright.
This product is useful to obtain cover on future foreign currency receivables and payables.
Time Option Forward Exchange Contract
Where the foreign currencies have to be settled during a specified period in the future, the FX Contract is called a Time Option Forward Exchange Contract.
The start and end date for exercising the option (for settlement of currencies) is always specified while entering into the contract.
The product is useful to cover forward receivables and payables where the exact date of such transactions is not fixed or known
FX Value Forward
A foreign exchange contract where the settlement of currencies takes place on any date beyond spot is called FX values Forward or value Outright.
This product is useful to obtain cover on future foreign currency receivables and payables.
Time Option Forward Exchange Contract
Where the foreign currencies have to be settled during a specified period in the future, the FX Contract is called a Time Option Forward Exchange Contract.
The start and end date for exercising the option (for settlement of currencies) is always specified while entering into the contract.
The product is useful to cover forward receivables and payables where the exact date of such transactions is not fixed or known