{"id":30088,"date":"2024-07-01T03:31:16","date_gmt":"2024-07-01T03:31:16","guid":{"rendered":"http:\/\/anja"},"modified":"2024-09-18T08:59:19","modified_gmt":"2024-09-18T08:59:19","slug":"how-do-i-book-a-currency-forward-contract-and-fund-later","status":"publish","type":"docs","link":"https:\/\/www.worldfirst.com\/au\/help-center\/fx-trades\/how-do-i-book-a-currency-forward-contract-and-fund-later\/","title":{"rendered":"How do I book a currency forward contract and fund later?"},"content":{"rendered":"\n<div class=\"wp-block-columns has-background is-layout-flex wp-container-core-columns-is-layout-1 wp-block-columns-is-layout-flex\" style=\"background-color:#8dd2fc3b\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p>If you&#8217;d like to secure the current FX rate but do not yet have sufficient balance in your account, you can book a flexible forward to lock a forward rate for an extended period of time and make the FX trade once your funds arrive.<\/p>\n<\/div>\n<\/div>\n\n\n\n<ul>\n<li>Go to<strong> &#8220;Payments<\/strong>&#8221; &gt; &#8220;<strong>Book FX trade<\/strong>&#8220;<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/8\/2024\/07\/20240701093017429.png\"><img fetchpriority=\"high\" decoding=\"async\" width=\"843\" height=\"708\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/8\/2024\/07\/20240701093017429.png\" alt=\"\" class=\"wp-image-30154\" style=\"width:500px; box-shadow: 1px 1px 3px 3px #EEEEEE;\" srcset=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/8\/2024\/07\/20240701093017429.png 843w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/8\/2024\/07\/20240701093017429-300x252.png 300w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/8\/2024\/07\/20240701093017429-768x645.png 768w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/8\/2024\/07\/20240701093017429-360x302.png 360w\" sizes=\"(max-width: 843px) 100vw, 843px\" \/><\/a><\/figure>\n\n\n\n<ul>\n<li>Choose the currency you wish to sell and the currency you wish to buy<\/li>\n\n\n\n<li>You can enter the amount in the funding currency or the buy currency<\/li>\n\n\n\n<li>Next, select a settlement date<\/li>\n<\/ul>\n\n\n\n<p class=\"has-background\" style=\"background-color:#f78da83b\">As you&#8217;re booking a forward contract, we&#8217;ll be charging you a percentage (typically 5%) of your sell or buy amount as a deposit. Please ensure that you have enough funds in your sell or buy currency by the time the deposit is due. There will be no deposit charged if the contract duration is less than 3 days and the amount is less than 50,000 GBP and if the contract duration is less than 10 days and the amount is less than 10,000 GBP.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2024\/06\/20240612034244935.webp\"><img decoding=\"async\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2024\/06\/20240612034244935.webp\" alt=\"\" class=\"wp-image-32780\" style=\"width:500px; box-shadow: 1px 1px 3px 3px #EEEEEE;\"\/><\/a><\/figure>\n\n\n\n<ul>\n<li>Review your trade details and click &#8220;<strong>Confirm trade<\/strong>&#8220;<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><a href=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2024\/06\/20240612034507677.webp\"><img decoding=\"async\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2024\/06\/20240612034507677-1024x515.webp\" alt=\"\" class=\"wp-image-32781\" style=\"width:700px; box-shadow: 1px 1px 3px 3px #EEEEEE;\"\/><\/a><\/figure>\n\n\n\n<p id=\"u858c5cc5\">After you&#8217;ve successfully booked the forward contract, your rate will be valid for your booked amount until your settlement date. You can book payments with the forward rate to make payouts or settle into your World Account in the buy currency.<\/p>\n\n\n\n<p id=\"ue5885a4c\">If no payments are created, the system will automatically make the trade and settle the funds into the corresponding currency account. If no corresponding currency account is available, the trade will be cancelled and you&#8217;ll be charged a fee.<\/p>\n\n\n\n<ul>\n<li>To book payments with the trade, you can click on &#8220;<strong><strong>Create a payment<\/strong>&#8221; <\/strong>directly on the results page<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><a href=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2024\/06\/20240618104931948.png\"><img decoding=\"async\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2024\/06\/20240618104931948-1024x630.png\" alt=\"\" class=\"wp-image-33056\" style=\"width:700px; box-shadow: 1px 1px 3px 3px #EEEEEE;\"\/><\/a><\/figure>\n\n\n\n<ul>\n<li>After reviewing your payment details and clicking &#8220;<strong>Confirm payment<\/strong>&#8220;<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><a href=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2024\/06\/20240619024506396.png\"><img decoding=\"async\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2024\/06\/20240619024506396-1024x543.png\" alt=\"\" class=\"wp-image-33073\" style=\"width:700px; box-shadow: 1px 1px 3px 3px #EEEEEE;\"\/><\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>If you&#8217;d like to secure the current FX rate but do not yet have sufficient balance in your account, you can book a flexible forward to lock a forward rate for an extended period of time and make the FX trade once your funds arrive. As you&#8217;re booking a forward contract, we&#8217;ll be charging you [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"doc_category":[47],"doc_tag":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.2 (Yoast SEO v24.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How do I book a currency forward contract and fund later? | WorldFirst AU<\/title>\n<meta name=\"description\" content=\"Secure the current FX rate, you can follow these steps to lock in a forward rate and make the FX trade once your funds arrive.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.worldfirst.com\/au\/user-guide\/fx-trades\/how-do-i-book-a-currency-forward-contract-and-fund-later\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How do I book a currency forward contract and fund later?\" \/>\n<meta property=\"og:description\" content=\"Secure the current FX rate, you can follow these steps to lock in a forward rate and make the FX trade once your funds arrive.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.worldfirst.com\/au\/user-guide\/fx-trades\/how-do-i-book-a-currency-forward-contract-and-fund-later\/\" \/>\n<meta property=\"og:site_name\" content=\"WorldFirst AU\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-18T08:59:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/8\/2024\/07\/20240701093017429.png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.worldfirst.com\/au\/user-guide\/fx-trades\/how-do-i-book-a-currency-forward-contract-and-fund-later\/\",\"url\":\"https:\/\/www.worldfirst.com\/au\/user-guide\/fx-trades\/how-do-i-book-a-currency-forward-contract-and-fund-later\/\",\"name\":\"How do I book a currency forward contract and fund later? 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