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Home >
Corporate Banking |
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Fix & Forward
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Arab African International Bank provides its corporate clients with the Fix & Forward
contract.
Fix & Forward contracts are the perfect solution to protect your business from exchange
rate fluctuations.
The Fix & Forward contract is based on FX forwatd rates where a foreign exchange
transaction is executed today for settlement at a specified future date.
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Who should use Fix & Forward? |
Companies who need to monitor the FX market movement to assess the impact on the
profitability of the following transactions: |
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Letter of Credit (LCs) in foreign currency. |
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Documents for Collection (DCs) in foreign currency. |
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Credit Facilities in foreign currency. |
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Transferred dividends for Multinational Companies. |
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Fix & Forward – Benefits
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Hedge against foreign exchange risk. |
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Lock in profits realized by fixing the FX rate for future foreign currency
income. |
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Improve management of costs incurred by fixing the FX rate for future foreign
currency expenses. |
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Fix & Forward Features
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Contracts can be arranged to either buy or sell a foreign currency against local
currency or any other foreign currency. |
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Contracts can reach periods up to one year and longer tenors are negotiable. |
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Contracts are available in all major currencies. |
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