Forward Contracts — Fix FX for Future Payments
Lock today’s rate for a future date. Plan with confidence.
Designed for larger transfers and planned dates.
How a Forward Contract Works
1) Open an account
Register online in minutes. We guide each step clearly.
2) Set your contract
Choose currency, amount, and delivery date.
3) Pay an initial deposit
A small initial deposit may be required.
4) Fix and deliver
We lock your rate. You settle on or before the date.
Early drawdowns and rolls can be discussed.
Why Choose a Forward Contract
Rate certainty
Fix your rate now. Remove future rate risk.
Cash flow planning
Match payments to budgets and timelines.
Flexible drawdowns
Take part of the contract if needed.
Rolls and extensions
Extend terms if plans shift, albeit with conditions.
Practicalities and Timing
Delivery and windows
Set a fixed date or a delivery window.
Also, discuss early drawdown options.
Holidays and cut-offs
Payments do not settle on local bank holidays.
Additionally, cut-offs impact delivery timing.
Ask us about terms for your route.
Helpful Pages
We show any fees and deposit needs upfront.
Trusted by Clients Worldwide
“Cambridge Currencies is my first choice for larger transfers.”
— Private client, property purchase
Forward Contracts — FAQs
What is a forward contract?
A forward fixes an exchange rate for a future date.
Is a deposit required?
Often, yes. The amount depends on the contract and currencies.
Can I draw down early?
Yes, in many cases. We can arrange partial drawdowns.
Can I extend the contract?
Yes. Rolls or extensions are possible, although terms will apply.