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
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Spots
Trade currencies with immediate settlement
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