Manage Your Foreign Currency Exposure with Forward Contracts

Protecting yourself and your enterprise against foreign currency fluctuation is smart. By using forward contracts, you’ll know exactly what you’ll pay, or receive, at a future point in time.

With TransferMate forward contracts, you can reduce your transaction costs, protect your revenue from exchange rate fluctuations, and quote in local currency for a competitive advantage.

We lock in exchange rates

Forward contracts, also known as hedging, are one of the most effective ways to manage your foreign currency exposure. By locking in a specific exchange rate today for a currency to be purchased or sold in the future, you can protect your transactions against market fluctuations, and preserve your profit margins.

We offer you different options to match your needs

You can choose between open and closed forward contracts, depending on the type of transaction you’re conducting.

• Use closed forward contracts for transactions that are date-sensitive, and complete the transaction for the total amount of the contract on a specific date.
• Use open forward contracts to settle the entire amount of the contract within a specified time frame. Open contracts are best suited for transactions where the completion date may change, or when multiple transactions are expected during the contract’s settlement period.

We help you plan your future

Support your strategic planning activities by providing accurate projections of revenues and expenses.

Manage your forward contracts online

TransferMate gives you the added advantage of being able to manage your forward contracts online 24 hours a day.

We are flexible

TransferMate meets the needs of your international business by providing forward contracts from as little as three days to one year in advance. You can book forward contracts in more than 25 currencies, and you can settle the contract in single or multiple transactions.