Window Forward

Fixed

A window forward is a tool that enables you to buy currency at the live exchange rate and hold the rate for a pre-agreed date in the future. The rate will be fixed and you will have an obligation to settle for the transaction on or before the pre-agreed date in the future. You will be required pay a small deposit on window forwards which will be removed from your final balance. Window forwards are useful if you think the rate is good today but you don’t need to make a payment right away or do not have all of the funds to settle for the transaction right away.

Window Forward FAQs

Can I use the forward before the pre-agreed date?

Yes you can draw down early at any time with no penalty.

Can I use part of the forward before the pre-agreed date?

Yes you can draw down as many times as you want between the window open date and the pre-agreed date.

What if I cannot settle on the pre-agreed date?

If you need more time to settle for a window forward we can extend the pre-agreed date however there will be a rate adjustment.

What deposit would you need for a window forward?

The Deposit requirement ranges from 0%-10% of the value of the contract.

Can you book a window forward without a deposit?

Certain companies meet the criteria for us to offer 0% deposit forwards, you should contact us to find out if you meet that criteria.

Are there any additional fees or costs associated with a window forward?

There are no direct costs or fees associated with a window forward however the rate will not be the same as a Spot trade.

Is my deposit safe?

Rutland FX is a programme manager of Ebury Partners UK Limited which is an authorised Electronic Money Institution (EMI) independently regulated by the Financial Conduct Authority (FCA) in the UK. As an EMI, we are required to ensure that customer funds are appropriately safeguarded. This means that funds received by us corresponding to electronic money will be held in one or more segregated bank accounts separately from our own funds, in accordance with the Electronic Money Regulations. We safeguard 100% of the funds we hold for clients, not only a proportion like banks do. In the unlikely event of Ebury’s insolvency, an administrator will reimburse you from the safeguarded funds.