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
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M2 EQUITYBITES-May 13, 2014--Saxo Bank adds to forward outright offering
Forward outrights can not only be used to hedge corporate flow, but also for the ordinary investor to cut out the unknown interest rate fluctuation risk in a foreign exchange rate speculation over time; to know the cost or benefit of interest differential for the chosen time period, ahead of time.
But City boss Bruce pressured the club's board into signing the forward outright because he rates him so highly.
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