Forward and Par Forward

Product highlights

Lock in your products/services' profit margins against your budget rates in a volatile and unpredictable currency market.

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Features and benefits

A simple way for you to hedge against foreign exchange risk

Allows you to book international payments in advance

Ensures you to meet a budget rate for a future transaction

Additional information

  • To request a Forward and Par Forward you will need a credit line in place (Please refer to the below section "Foreign Exchange Forward Contract" to learn more)
  • Normally, you can book a Forward and Par Forward up to six months in advance of payment
  • Settlement can be on an agreed date (fixed delivery contract) or on any day between two agreed dates (optional delivery contract) up to 6 months apart
  • To make payment by cheques, visit your nearest HSBC branch
  • For a telegraphic transfer, you can send us instructions via Business Internet Banking or visit an HSBC branch

Foreign Exchange Forward Contract

Features and benefits

  • Protect your business against adverse movements in foreign exchange rates
  • Make financial planning easier as you can now budget using a guaranteed exchange rate
  • No handling fee for contract booking or facility fee is required
  • Book forward exchange forward contracts against the Hong Kong Dollar with 8 currencies including USD, EUR, GBP, JPY, AUD, CAD, CHF and THB
  • Flexible contract tenure up to 6 months

Additional information

  • Facility limit restored automatically after each contract take up

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Disclaimer
The information contained herein is derived from sources we believe to be reliable, but which we have not independently verified. HSBC makes no guarantee as to the accuracy or completeness of this information and is not responsible for errors of transmission of factual or analytical data, nor shall it be liable for damages arising out of any person's reliance upon this without notice. The information contained here is neither an offer to sell or the solicitation of an offer to purchase or subscribe for any currency or related instrument or other investment instrument and is intended for institutional customers and is not intended for the use of private customers. The information contained here is intended to be distributed in its entirety. No consideration has been given to the particular investment objectives, financial situation or particular needs of any recipient. Unless governing law permits otherwise, you must contact a HSBC Group member in your home jurisdiction if you wish to use HSBC Group services in effecting a transaction in any investment mentioned in this website.

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