Forwards
Forwards are over the counter financial contracts in which an FX sale is agreed on for a specified future date. The Bank offers deliverable Forward Contracts to clients linked to Export Receivables from Exporters.
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Forwards
Hedges FX risk from foreign currency price fluctuations
Benefits
Additional source of FX besides CBN funds
Competitive pricing
Affords flexible trade terms
Related Products
Spots
Trade currencies with immediate settlement
Derivatives
The derivative products offered by the Bank, provide clients with the opportunity to hedge their foreign exchange risk. This is especialy important given the volatility associated with emerging and frontier market currencies.
Market Data Analysis
In the dispensation of Artificial intelligence, Machine learning and data analytics, it is imperative that corporate decisions are guided by valid industry data to stay ahead. Our robust and talented research team will help you make sense of the relevant data in your business to provide illumination in strategic business directions