Spot Contracts
Spot contracts are the most common foreign exchange products we offer our clients at Indigo FX. Spot contracts are used by businesses and individuals to make an immediate money transfer. We’ll offer you a rate based on a live market rate (or “spot”) and you can choose whether to transact then and there.
With a spot contract you can make a payment very quickly; as soon as you’ve agreed your rate and we’ve received cleared funds, we will then pay funds to an account of your choice.
Key Benefits:
✓ Secure transfers
✓ Competitive FX Rates
✓ Same day payment
Forward Contracts
A forward contract is a hedging product that allows you to secure an exchange rate over a set period of time on a predetermined volume of currency. The price you lock in is determined on the day you agree the amount and settlement date for the forward contract.
You will be able to lock in an exchange rate for up to 24 months and protect you against any negative market movement.
Key Benefits:
✓ Allow you to protect your budget and profit margins
✓ Remove any concerns over the unpredictability of currency market
✓ Choice of Fixed, flexible and window forward contracts available
Market Orders
Limit Orders
Limit orders enable businesses to target a specific rate of exchange that is not currently available. If your business dealings mean that you require a specific price, then you can activate a market order that will secure that price when it becomes available. Decide upon a target exchange rate that you want to achieve, if your chosen rate is hit, we’ll execute your payment – 24 hours a day, 7 days a week.
Stop Loss
Mitigate against any market downturns by setting a worst-case scenario exchange rate. If your currency pair drops that low, we’ll make an exchange to protect you from any further losses.
Treasury and Risk Management
Our team help you determine your foreign currency exposure and analyse where the FX risks are for your business in both the short and long term, prior to implementing bespoke hedging strategies for your business. We consider your business objectives, risk appetite and review all products most suitable for your needs.
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Have a question or want to discuss how Indigo FX can help you? Get in contact with us below!
