Hedging of currency risk
Forwards for SME
Forwards are currency transactions which set the client’s obligation to buy/sell foreign currency at a given future date, on certain terms and conditions and at a fixed exchange rate. Such transactions are done in order to hedge against changes in currency exchange rates.
Advantages of forward contracts:
- Ability to set any date of execution of the forward contract, reducing currency risks.
- There is no need to pay the total amount of the purchase or sale when concluding the contract
- Easier process of setting business financial indicators and fixing Hryvnia profits of an import-export contract well before actual payment
- Forwards are binding and irreversible.
- Agreement on the terms and conditions (forward rate and amount covered) — within 1 hour.
Basic terms and conditions for forwards
Minimum amount
equivalent of UAH 20,000
Currency
USD/UAH or EUR/UAH
Term
from 3 to 365 days
Fees for forwards
Purchase of foreign currency for UAH (on "forward" conditions)
0,3 %
(Free)sale of foreign currency for UAH (on "forward" conditions)
0,3 %
How do I apply?
Contact your personal manager
for existing clients of the bank.
Presentation
Did you like this product?
We are committed to ensuring the quality and relevance of our services and products and your opinions and comments are very important to us.