Trading TermsImmediate or Cancel (IOC) Order Exception ratings Revocable documentary credit Stop and Reverse (SAR) Position Management Ratio Optional Term Contracts
Forward exchange contract (FEC)
A foreign exchange forward contract is a mutual agreement between a customer and a bank. The customer agrees to purchase or sell a specific amount of foreign currency from or to the bank at a predetermined future date. This arrangement allows both parties to secure a future exchange rate, providing a level of certainty in an uncertain market. It is a commonly used tool in international trade and finance, providing risk management and hedging opportunities for businesses and individuals.
Related terms
Understand the meaning and definition of Immediate or Cancel (IOC) Order in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Exception ratings in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Revocable documentary credit in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Stop and Reverse (SAR) in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Position Management Ratio in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Optional Term Contracts in the context of stock market, trading, and investments.
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