Forwards

Protect your business margins against currency risks with our flexible forward transactions.

When operating a business outside of the eurozone, there is a high likelihood that you will encounter foreign currencies. The exchange rates of these currencies fluctuate constantly, which can lead to currency risks. These fluctuations can cause the value of an amount in euros to change, putting pressure on your profit margins. Fortunately, you can easily and affordably limit these risks by using currency forward transactions.

What is a forward contract?

A forward transaction is a financial instrument used to hedge the exchange rate risks of a future transaction in a foreign currency. 

If you expect to receive or pay an amount in a foreign currency in a few weeks or months, you can enter into a currency forward transaction to obtain certainty in advance about the exchange rate for the amount that needs to be received or paid. 

Op deze manier kunt u uzelf beschermen tegen mogelijke schommelingen in de wisselkoers en weet u vooraf precies hoeveel geld u ontvangt of moet betalen in uw eigen valuta.

How does it work?

In a flexible forward transaction, a single exchange rate, also known as a forward rate, is fixed for a certain amount and period. All future global payments in foreign currencies or conversions into euros will be made at this exchange rate until the balance is exhausted.

 

Het afsluiten van een flexibele termijntransactie is eenvoudig en kan alleen telefonisch gebeuren. U geeft aan voor welke periode u betalingen verwacht en het bedrag dat u in totaal wilt afdekken. Vervolgens ontvangt u van ons een scherpe flexibele termijnkoers. Als u akkoord gaat met deze koers, wordt de transactie bevestigd. Na het vastleggen van de wisselkoers verlangen wij een initiële storting van 5%.

When you expect to receive a payment in a foreign currency, you send us an email with the payment details, such as the amount you want to transfer and the beneficiary's details. This transaction will be executed at the fixed forward rate. We will then make the payment to the beneficiary quickly. The balance on the forward transaction is then reduced by the amount that was paid. For each flexible forward transaction, we require a 5% deposit on the transaction amount.

Overview of currencies for forward transactions

Below you will find all the currencies that can be traded on the ValutaPartners platform. Most currencies are freely convertible, while some have restrictions. The currencies with restrictions can only be purchased under certain conditions.

Payment via: SWIFT/AusPayNet

Maximum payment: no limit/no limit

Delivery time frame: 1 day/1day

Cutoff time frame: 15:00u

 

Payment via: SWIFT/EFT

Maximum payment: no limit/CAD 100k

Delivery time frame: 0 days/0 days

Cutoff time SWIFT (CET Time): 15:30u

Payment via: SWIFT/CERTIS

Maximum payment: no limit/CZK 1m

Delivery time frame: 0 days/0 days

Cutoff time SWIFT (CET Time): 10:00u

Payment via: SWIFT/Intradagclearing

Maximum payment: no limit/no limit

Delivery time frame: 0 days/0 days

Cutoff time SWIFT (CET Time): 11:30u

Payment via: SWIFT/SEPA

Maximum payment: no limit/no limit

Delivery time frame: 0 days/0 day

Cutoff time SWIFT (CET Time): 15:30u

Payment via: SWIFT/CHATS

Maximum payment: no limit/HKD 500k

Delivery time frame: 1 day/1 day

Cutoff time SWIFT (CET Time): 15:00u

Payment via: SWIFT/Giro Zrt

Maximum payment: no limit/HUF 10m

Delivery time frame: 0 days/0 days

Cutoff time SWIFT (CET Time): 10:00u

Payment via: SWIFT

Maximum payment: no limit

Delivery time frame: 1 day

Cutoff time SWIFT (CET Time): 15:00u

Payment via: SWIFT/SPEI

Maximum payment: no limit/no limit

Delivery time frame: 0 days/1 day

Cutoff time SWIFT (CET Time): 9:00u

Payment via: SWIFT

Maximum payment: no limit

Delivery time frame: 1 day

Cutoff time SWIFT (CET Time): 16:00u

Payment via: SWIFT/NICS

Maximum payment: no limit/NOK 25m

Delivery time frame: 0 days/0 days

Cutoff time SWIFT (CET Time): 11:30u

Payment via: SWIFT/Elixir

Maximum payment: no limit/PLN 1m

Delivery time frame: 0 days/0 days

Cutoff time SWIFT (CET Time): 10:30u

Payment via: SWIFT/TransFonD

Maximum payment: no limit/RON 200k

Delivery time frame: 0 days/0 days

Cutoff time SWIFT (CET Time): 10:00u

Payment via: SWIFT

Maximum payment: no limit

Delivery time frame: 0 days

Cutoff time SWIFT (CET Time): 14:00u

Payment via: SWIFT/FAST

Maximum payment: no limit/SGD 200k

Delivery time frame: 1 day/1 day

Cutoff time SWIFT (CET Time): 16:00u

Payment via: SWIFT

Maximum payment: no limit

Delivery time frame: 0 days

Cutoff time SWIFT (CET Time): 11:30u

Payment via: SWIFT/Internal Transfers

Maximum payment: no limit/no limit

Delivery time frame: 0 days/0 days

Cutoff time SWIFT (CET Time): 11:30u

Payment via: SWIFT

Maximum payment: no limit

Delivery time frame: 0 days

Cutoff time SWIFT (CET Time): 11:30u

Payment via: SWIFT

Maximum payment: no limit

Delivery time frame: 0 days

Cutoff time SWIFT (CET Time): 9:30u

Payment via: SWIFT/Faster Payments

Maximum payment: no limit/GBP 1m

Delivery time frame: 0 days/0 days

Cutoff time SWIFT (CET Time): 15:30u

Payment via: SWIFT

Maximum payment: no limit

Delivery time frame: 1 day

Cutoff time SWIFT (CET Time): 15:00u

Payment via: SWIFT/ACH

Maximum payment: no limit/USD 1m

Delivery time frame: 0 days/0 days

Cutoff time SWIFT (CET Time): 15:30u

We take our regulatory responsibilities very seriously. In accordance with our anti-money laundering policy and sanctions screening, we cannot receive money from or transfer money to the following countries, although this may be subject to change: Belarus, Crimea, Cuba, Donetsk region, Iran, Kherson region, Libya, Luhansk region, Myanmar, North Korea, Russia, South Sudan, Sudan, Syria, Venezuela, Zaporizhzhia region.