Forward Outright

Forward Outright

A forward foreign exchange contract with an expiration date any time after the delivery date for the spot rate contract.
References in periodicals archive ?
The addition follows recent improvements in the forward outright offerings, as tradable value dates for all forward outright were extended to one year.
Saxo Bank, the online multi-asset trading and investment specialist, has announced the addition of six new FX OTC forward outright crosses, increasing the total offering in forwards to 121 pairs.
But City boss Bruce pressured the club's board into signing the forward outright because he rates him so highly.
While CME's total FX volume has recently averaged as much as $22 billion per day in notional value, we think we can capture a larger share of the over $500 billion in average daily FX spot and forward outright market activity through our agreement with Reuters," said CME CEO Craig Donohue.
The system's flexible capabilities offer FX professionals an automated solution to the trading process overseeing their FX spot, forward outright, and swap transactions.