Forward Exchange Transactions 

Purpose

A forward exchange transaction can be regarded as a future spot exchange transaction, because it comprises the future purchase or sales of foreign exchange. The foreign exchange is bought or sold on today's date at a fixed rate. The transaction is concluded later at a specified date.

You can find more information about this process under .

Process Flow

You can find the data for this process under .

  1. Creating the Forward Exchange Transaction
  2. Settling the Forward Exchange Transaction
  3. Posting the Forward Exchange Transaction