Spots and Forwards

    Forward Contract
     
    When your business is involved in the international trade in goods, services or capital, you will be confronted by currency fluctuations.
     
    We offer you a wide selection of innovative products and services combined with the support of our research and team of specialists.
     
    A Forward contract, determined on the basis of the spot rate and the interest rate differential between the two currencies involved, is an obligation to buy or sell a certain amount of foreign currency on a certain date in the future.
     
    This allows a company to hedge against currency movements between the date of ordering goods and their delivery and carries little risk if the deal goes through smoothly.
     
    Types of FX deals
    • Spot Deals – Exchange covered for value date equal to 2 working days
    • Cash Deals – covered for the same day
    • Tom Deals – Exchange covered for next day
    • Forward Deals – Exchange covered for a value date later than 2 working days
    IndusInd has a strong risk advisory platform and on-the-ground local expertise providing a forward market-making capability for every freely traded currency.

About Us |  Media Room |  Feedback  |  Careers |  Terms and Conditions | Privacy Policy
Banking for Individuals  |  Banking for NRIs  |  Banking for Business Owners  |   Banking for Corporates & Institutions   |   Online Banking

IBL Registration Number NSE: INE231308847
MCX Stock Exchange Limited: INE261314434 for dealing in currency derivatives segment