Currency forward transactions
AB bank Finasta offers to its clients the service of forward currency transactions designed to enable the clients to plan their future income and costs and provide hedging against financial loss due to a change in the currency exchange rate.
A currency forward transaction is essentially an agreement between the Bank and the client to purchase or sell currency at a certain moment of time in the future at the exchange rate agreed by the parties at the transaction date. AB bank Finasta offers a possibility to conclude transactions of two kinds – forward currency contracts under which parties thereto exchange the total amount of currency contracted, and non-deliverable forward transactions the parties to which exchange only the difference resulting from the change in currency rates.