Forward foreign exchange contract

Forward foreign exchange contract

Agreement that obligates an investor to deliver a specified quantity of one currency in return for a specified amount of another currency on a specified future date.
References in periodicals archive ?
According to court documents, in July 2000, Chia, allegedly forged company documents to apply for a revolving credit facility and a forward foreign exchange contract facility from Sakura Bank and about a month later allegedly used forged documents to obtain a loan from Fuji Bank.
This comes with a forward foreign exchange contract, which is an agreement, entered into today, to purchase or sell a fixed quantity of foreign exchange sea fixed future date.
This can be costly, as a large pension fund discovered when it hedged the interest payment on a French government bond with a forward foreign exchange contract and did not receive the payment on the payable date.
The remaining forward foreign exchange contract establishes a rate of exchange of Canadian dollar per Euro in 2005 of $1.
The employees that have been placed on forced leave were dealing with non-deliverable forward foreign exchange contracts, which are a type of over-the-counter derivative used to hedge or speculate in thinly traded currencies.
units enter into forward foreign exchange contracts with the GTC to manage
Fully-diluted earnings per share for the fourth quarter of 2007 included a non-cash, non-operating loss on the marking- to-market of forward foreign exchange contracts of approximately $4.
Dairy Crest also uses forward foreign exchange contracts to hedge currency risks.
During the third quarter 2008, the Company entered into several forward foreign exchange contracts to manage market risks associated with the fluctuations in foreign currency exchange rates on foreign-denominated trade receivables.
Fully diluted earnings per share for the third quarter 2007 includes a noncash loss on the marking to market of forward foreign exchange contracts of approximately $4.
The implementation of SWIFTNet services has made it possible for the company to achieve greater efficiency in managing information on bank funds of its group companies and providing payment instructions and to more promptly forward foreign exchange contracts.
Full browser ?