If you need to make an international payment straightaway (or with very little notice) then a spot contract could be the one for you. We would offer you a rate based on the live exchange rate on the day and you can make a payment there and then. They're great if you just need to get it done.
If you want to lock in a rate but aren’t ready to make a transfer – you can fix it for up to 3 years in advance. The great thing about this is that you'll know exactly how much you'll get when you're ready to transfer. You might need to pay an initial deposit, then the balance will be due at the end of the contract. If the rates move against you, you may need to top up the deposit. Your dealer will explain and discuss this with you before you book your forward.
If you’re looking to achieve a specific rate, we can arrange a Market Order. This allows you to target a specific rate of exchange. We monitor the markets on your behalf and should the market reach your predetermined exchange rate, your currency is bought or sold automatically. Your order can be amended or cancelled at any time prior to the transaction taking place. There’s no charge or fee involved in arranging a Market Order.