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CBM Digital
CBM Digital

Forward Contracts

Forward Contract is a binding obligation to buy or sell a specific amount of foreign currency at a predetermined exchange rate on an agreed date in future. Forward Contracts give protection to future currency volatilities and fluctuations.

The Essentials

  • You can use Forward Contracts as a hedging tool to mitigate market risk.
  • Available in any major currency.
  • No minimum or maximum deal size

Benefits of Forward Contracts

  • Liquid market up to 1 year
  • No additional cost involved
  • Available in any major currency
  • Ability to use as a budget rate for the transaction

Eligibility

Any customer who is holding a proper underlying transaction can apply for Forward Contracts.

How to apply for a Forward Contract

Please contact main branch for details on applying for this service

Documents Required

  • A confirmation of the transaction has to be signed by both parties.
  • Need to establish a credit limit before entering in to a forward transaction

Forward contracts obliged to do the transaction at the agreed rate, irrespective of the fact that the prevailing market exchange rate is advantageous or disadvantageous for the client

Terms & conditions apply

Product information and terms & conditions are subject to change from time to time.
Therefore, it is advisable to contact the Bank for the latest information and prevailing terms & conditions.

The Essentials

  • You can use Forward Contracts as a hedging tool to mitigate market risk.
  • Available in any major currency.
  • No minimum or maximum deal size

About

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Commercial Bank of Maldives

H.Filigasdhoshuge,
Ameeru Ahmed Magu,
Male 20066
+960 3332668

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