Forward currency contract

Forward currency contract

An agreement to buy or sell a country's currency at a specific price, usually 30, 60, or 90 days in the future. This guarantees an exchange rate on a given date.

Forward Currency Contract

An agreement between two parties to exchange two currencies at a given exchange rate at some point in the future, usually 30, 60, or 90 days hence. A forward currency contract mitigates foreign exchange risk for the parties and is most useful when both parties have operations or some other interest in a country using a given currency. Forward currency contracts are over-the-counter contracts.
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Financing costs relating to debt restructuring will add another pounds 15 million, and the closure of a forward currency contract another pounds 79 million in charges before tax relief, again to be booked as an exceptional cost in the 2003-2004 accounts.
Kingfisher to part with electricals
Global Banking News-September 1, 2015--China wants banks to keep reserves for forward currency contracts
China wants banks to keep reserves for forward currency contracts
The Fund primarily uses short-term forward currency contracts on developed market currencies to achieve its goals.
John Hancock Launches New Currency Strategies Fund
This ruling by Bahrain-based AAOIFI has contributed to widespread opposition to the use of muwa'adah in forward currency contracts.
INTERVIEW: Muwa'adah valid for forward forex contracts, says scholar
Regardless of whether SAA was able to eventually negotiate a deferral or other reprieve to honor such obligations in its weakened financial state, in light of its forward currency contracts, the company would have had no choice but to honor the financial commitment to purchase dollars/sell rand.
Risk management in isolation is risky: to avoid unintended consequences of their decisions, treasurers need to apply the same partner-with-the-business mentality for risk management as they do for other activities and not treat it as an isolated treasury function
The Fund seeks enhanced income by investing in short duration (typically less than one year) emerging market forward currency contracts and other emerging market debt instruments.
Lazard World Dividend & Income Fund Declares Monthly Distribution
Three months ending June 30, (In thousands of Canadian dollars) 2008 2007 General, administration and selling $ 6,235 $ 3,917 Coal exploration 563 799 Interest and financing fees on long-term debt 9,759 5,667 Unrealized gain on forward currency contracts - (8,028) Other income (502) (2,073) Total other expenses $ 16,055 $ 282
Western Canadian Coal Announces Record Earnings In First Quarter 2009 Results
and foreign currencies through the use of short-term money market instruments; derivative instruments, including but not limited to, forward currency contracts, index swaps and options; and cash deposits.
Morningstar Announces Two New Fund Categories, One Broad Asset Class
The Fund seeks enhanced income by investing in short duration (typically below one year) emerging market forward currency contracts and other emerging market debt instruments.
Lazard World Dividend & Income Fund Confirms New Distribution
The indices represent the performance of a rolling investment in three-month, non-deliverable, forward currency contracts.
S&P Launches Industry's First Real-Time Currency Indices
The partial repayment of the Canadian mortgage debt will result in the related forward currency contracts hedge being deemed ineffective for accounting purposes, resulting in a decrease in net income and Adjusted EBITDA of approximately $19 million.
Host Marriott Corporation Announces the Intention to Repay $295 Million of Debt
The company partially manages its foreign currency exposure through forward currency contracts.
DCR Reaffirms West Fraser Timber Rating

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