Manage Your Risk with Forward

Secure your investment and reduce your risk with DestekBank!

Flexible and Tailored Solutions

With forward transactions, you can lock in exchange rates today for future foreign currency purchases or sales, allowing you to manage your commercial planning flexibly according to your needs.

Protection Against Exchange Rate Risk

You can protect yourself against exchange rate fluctuations in import and export transactions, making your costs more predictable and securing your profitability.

Predictable and Long-Term Transactions

You can make transactions at your desired maturities up to one year within your limit.

Secure Planning in Commercial Activities

You can increase the profitability of your commercial activities by protecting yourself from exchange rate risks in import and export transactions, deferred collections or payments.

What is Forward?

A forward contract is an agreement between two parties to buy or sell a specific asset (stocks, currency, commodities, etc.) at a predetermined price on a specific future date. These contracts are traded in over-the-counter (OTC) markets, meaning they are not standardized on exchanges and are privately arranged between two parties.

Frequently Asked Questions

Parties: The parties to a forward contract are the buyer and the seller. The buyer agrees to buy the asset at a specified price on a specified date in the future, while the seller agrees to sell the asset at the specified price on that date.
Expiry Date: The expiry date of a forward contract is the date on which the purchase or sale will take place. This date specified in the contract is the last date on which the parties will be bound by the contract.
Price: The price specified in the forward contract for the date of purchase or sale is used to fix the future value of the asset in advance. This gives the parties the advantage of hedging against price fluctuations or trading at a set price.

Forward contracts are used for risk management and speculation for investors. Investors may use forward contracts to hedge against future price changes or to make a profit by anticipating a specific price movement. However, forward contracts should be used with caution due to factors such as credit risk and liquidity risk. The fact that forward contracts require collateral and are under commitment are other important factors to be considered.

You can make transactions with maturities ranging from 1 day to 365 days, depending on your preference.

Forward transactions can be made between 09:00-18:00 on weekdays.

Yes, you can receive documents for transactions completed or ongoing in the previous month through your preferred communication method during the first five business days of each calendar month.