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Window Forward Contracts

If an importer or exporter is having difficulty estimating the future settlement date of receivables or obligations, they can always use hedging in the form of a window forward contract.

Window Forward contracts are based on the same principle as forward contracts, i.e. a precisely defined amount insured by a fixed exchange rate, with the sole exception that the settlement date is variable. The settlement date agreed in advance with a forward is replaced by a three- week interval (1 week before and 2 weeks after the settlement date), during which the currency can be exchanged on any business day at the rate agreed in advance.
This instrument also enables companies to make better use of a fixed rate during calculations in their financial planning.

Importer client:
On 30 June, the client purchased goods from a supplier in the value of EUR 100,000 with a delivery period of 3 months. At the same time, they do not know exactly the date the payment for these goods will be made, and do not wish to be exposed to risk of exchange rate trends. On 30 June the client agrees on a forward rate with a settlement period from 26 September to 14 October, when they can purchase Euros on any business day, however no later than 14 October.
If you like this product and you think you would use it as an advantageous instrument for limiting risks associated with your commercial activities, do not hesitate to contact the dealing centre at AKCENTA CZ.
When closing derivative transactions, the client undertakes selected types of risks (market - currency and interest, counterparty risk, liquidity risk, and leverage). The risks always depend on the purpose and method of using the derivative transactions. Before signing the General Agreement and concluding the trade, or at any time upon request, the traders will be happy to explain the different types of risks both verbally and in writing.
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Bucharest - AKCENTA CZ has been active in Romania since 2014
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AKCENTA CZ a.s. does not assume any liability for any damage or loss of profit caused to any parties by using the information and data contained on this website or in the company’s marketing material. AKCENTA CZ a.s. warns that entering into derivative transactions mentioned on this website or in the company’s marketing material involves risks. Clients are obligated, to the broadest extent possible, to familiarise themselves with these risks, understand them and take them into consideration and, if necessary, to ask for further information. More details on the risks related to derivative transactions are available on the website of AKCENTA CZ a.s.: Selected risks related to closing derivative transactions. Information on the risks can be also obtained from the employees of AKCENTA CZ a.s.
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