FX Services - Forward Contracts
VBCE provides forward foreign exchange contracts for up to one year. Forward contracts are an effective risk management tool when a firm's operations involve foreign exchange. There is always the risk that future revenues will be lower than initially forecast or future costs will become higher than expected. For convenience, VBCE offers open-date forward contracts. This allows the client to have a 1 month window in which to settle the contract. VBCE also offers closed-date contracts where settlement is agreed to occur on a fixed date. Please contact your account manager or our trading desk at 604-685-1008 to find out more about the benefits of a forward contract.