forward exchange contracts

forward exchange contracts
A contract where parties enter into a sale and purchase with completion at a much later date.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • Forward exchange market — The forward exchange market is a market for contracts that ensure the future delivery of a foreign currency at a specified exchange rate. The price of a forward contract is known as the forward rate.Forward RatesForward rates are usually… …   Wikipedia

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  • Exchange (organized market) — An exchange (or bourse) is a highly organized market where (especially) tradable securities, commodities, foreign exchange, futures, and options contracts are sold and bought. Contents 1 Description 2 History 3 See also 4 Notes …   Wikipedia

  • Forward Market — An over the counter marketplace that sets the price of a financial instrument or asset for future delivery. Contracts entered into in the forward market are binding on the parties involved. Forward markets are used for trading a range of… …   Investment dictionary

  • forward contract — A contract entered into by two parties who agree to the future purchase or sale of a specified commodity. This differs from a futures contract in that the participants in a forward contract are contracting directly with each other, rather than… …   Financial and business terms

  • Forward market — The forward market is the over the counter financial market in contracts for future delivery, so called forward contracts. Forward contracts are personalized between parties. The forward market is a general term used to describe the informal… …   Wikipedia

  • forward market — The informal (nonexchange) trading of foreign exchange or commodities to be delivered at a future date. Contracts for forward delivery are not standardized. Instead, the delivery time and amount are negotiated by the parties. American Banker… …   Financial and business terms

  • Contracts (Rights of Third Parties) Act 1999 — Contracts (Rights of Third Parties) Act, 1999 Parliament of the United …   Wikipedia

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