Forward contracts help protect businesses from market volatility and are useful for managing exposures beyond today. They allow you to secure an exchange rate now for settlement at a future date of up to one year. Anticipated foreign payables or receivables can be contracted at today's market levels to protect against currency fluctuations. Forwards can be purchased with a fixed date or are available with a flexible delivery period. These window forwards work in the same way as forward contracts do with one exception, they allow for settlement over a period of time rather than one specific date. Thus, they provide greater flexibility and convenience and are the perfect solution to dealing with uncertain shipment dates or changing settlement deadlines.
If you are unsure about your exact foreign exchange requirements or which supplier you need to pay, you may wish to purchase your currency today and place it in a holding account. This free and convenient service enables you to take advantage of favourable market levels and to keep the funds available for your upcoming needs.
Market Analysis & Information
Baydonhill FX will watch the market for you and keep you updated on all significant events, currency trends, and economic releases. You can access the information by logging on to your Currency Tools page on BHOnline, or by contacting your dedicated corporate dealer. You may also request to have the updates faxed or emailed.
Currency Rate Alerts
Baydonhill FX offers the facility to set up a system of alerts to monitor for specific currency levels at which you would like to trade. When the pre-determined rate has been reached, you will be notified by email or by your Corporate Dealer. These alerts can be placed over the phone with your corporate dealer or online.
Setting Up Your Service
Registering your business couldn't be easier. Registration is free and there are no contractual obligations. We believe our overall package of personal service and competitive pricing will be enough to encourage you to not only to begin trading with us, but to continue. Please contact us to arrange a visit so that we can put together a service designed for you. Once we have collected or received your completed registration forms, new account set up should take no longer than a day or two.