Forward foreign exchange contracts allow customers to buy or sell one currency against another at a future date i.e. a date more than two days from the deal date, at a predetermined price.

NMB Treasury allows customers to fix forward prices through forward contracts of up to 12 months

Benefits:

• Customers can hedge against the impact of exchange rate and interest rate fluctuations in the spot market by agreeing with NMB in advance to fix a future rate today
• With the fixed exchange rate, customers are able to plan future cash flows for accurate budgeting
• Delivery dates are customized to suit customer business needs