FX Forward Contract

Definition

FX Forward Contract. A agreement to deliver and settle a given amount of currency in one currency, in exchange for a given amount in another currency, at an agreed date in the future and at an agreed rate of exchange.

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.

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