{"id":13961,"date":"2023-10-13T10:32:51","date_gmt":"2023-10-13T10:32:51","guid":{"rendered":"https:\/\/www.worldfirst.com\/nz\/?page_id=13961"},"modified":"2024-10-22T08:18:49","modified_gmt":"2024-10-22T08:18:49","slug":"forward-contracts","status":"publish","type":"page","link":"https:\/\/www.worldfirst.com\/nz\/forward-contracts\/","title":{"rendered":"Forward Contracts"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"13961\" class=\"elementor elementor-13961\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6b95da8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6b95da8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-238c7c0 heading-title\" data-id=\"238c7c0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-e99b214 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e99b214\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-42653d1\" data-id=\"42653d1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-78d167a highlighted_heading white_text  elementor-widget-tablet__width-initial elementor-widget elementor-widget-heading\" data-id=\"78d167a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 15-07-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">Fix your rate and future proof your plans with a forward contract from WorldFirst<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-54c1fcd wf-body01-font elementor-widget elementor-widget-text-editor\" data-id=\"54c1fcd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 15-07-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Lock in an exchange rate for up to two years, protecting budgets from adverse currency fluctuations and helping to reduce risk.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-eea9b11 elementor-widget elementor-widget-image\" data-id=\"eea9b11\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 15-07-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1536\" height=\"425\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/17\/2023\/11\/asset_23_au_forward_contracts.png\" class=\"attachment-full size-full wp-image-25248\" alt=\"\" srcset=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/17\/2023\/11\/asset_23_au_forward_contracts.png 1536w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/17\/2023\/11\/asset_23_au_forward_contracts-300x83.png 300w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/17\/2023\/11\/asset_23_au_forward_contracts-1024x283.png 1024w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/17\/2023\/11\/asset_23_au_forward_contracts-768x213.png 768w\" sizes=\"(max-width: 1536px) 100vw, 1536px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b6fb6fc elementor-section-content-middle elementor-reverse-mobile elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b6fb6fc\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-79cedea\" data-id=\"79cedea\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-140eb55 elementor-widget elementor-widget-heading\" data-id=\"140eb55\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">What's a forward contract?<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2bd3808 elementor-widget elementor-widget-text-editor\" data-id=\"2bd3808\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>A forward contract lets you secure an exchange rate over a set period of time on a predetermined volume of currency.<\/p><p>With WorldFirst, a forward contract can be entered to facilitate payments for identifiable goods or services.<\/p><p>You&#8217;ll be able to lock in an exchange rate for up to 24 months.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-a191ef3\" data-id=\"a191ef3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-5175e1b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5175e1b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-0f6ffff\" data-id=\"0f6ffff\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fb5e5d4 elementor-widget elementor-widget-image\" data-id=\"fb5e5d4\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"659\" height=\"390\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/17\/2023\/11\/asset_24_au_what_is_a_forward-1.png\" class=\"attachment-large size-large wp-image-25249\" alt=\"\" srcset=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/17\/2023\/11\/asset_24_au_what_is_a_forward-1.png 659w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/17\/2023\/11\/asset_24_au_what_is_a_forward-1-300x178.png 300w\" sizes=\"(max-width: 659px) 100vw, 659px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-bb033f4 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"bb033f4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2a26388 heading-title\" data-id=\"2a26388\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-e5548ee elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e5548ee\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-35479ff\" data-id=\"35479ff\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7885835 brands-partners elementor-widget__width-initial elementor-widget-tablet__width-initial elementor-widget elementor-widget-heading\" data-id=\"7885835\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Why hedge using a forward contract?\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3060e8f elementor-widget__width-initial elementor-widget-mobile__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"3060e8f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Locking in an exchange rate with a forward contract means you know exactly what exchange rate you\u2019re getting, for a set time. This helps you predict cash flow so you can be smarter, more accurate and more competitive with your forward planning.<\/p><h3>What can happen if I don&#8217;t hedge?<\/h3><p>Without locking in a fixed rate (hedging), adverse market fluctuations could lead to losses for your business and result in increased prices for your products and services.<\/p><h3>Six things to consider when hedging<\/h3><ol><li><p>During a forward contract, if the market rates move against you, you won\u2019t lose out because your rate is secured. However, if rates move significantly against you, you may need to pay a margin call<\/p><\/li><li><p>You won\u2019t benefit if a currency moves in your favour during your forward contract, though you may be able to take advantage of market movement with a\u00a0<a href=\"https:\/\/www.worldfirst.com\/nz\/spot-contracts\/\">spot contract<\/a><\/p><\/li><li><p>You must consider your risk appetite and evaluate your budget when pre-booking foreign currency. It may be worthwhile considering other strategies if you&#8217;re unsure of your requirements<\/p><\/li><li><p>You can enter a forward contract exchange with WorldFirst in order to pay an upcoming invoice in a foreign currency, or in preparation of an upcoming purchase in a foreign currency, but won&#8217;t be able to trade forwards for speculative purposes<\/p><\/li><li><p>There&#8217;s an initial deposit requirement associated with forward contracts, usually 5 or 10 percent depending on the length of your contract. Please reach out to our team, who can look to see whether you&#8217;re eligible for a credit facility to help cover this<\/p><\/li><li>In New Zealand, forward contracts are only available to wholesale customers. Your dedicated account manager can provide more information on which businesses are eligible and how to get started<\/li><\/ol>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c3f14f1 elementor-widget elementor-widget-image\" data-id=\"c3f14f1\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1536\" height=\"425\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/17\/2023\/11\/asset_23_how_to_book_forward.png\" class=\"attachment-full size-full wp-image-25250\" alt=\"\" srcset=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/17\/2023\/11\/asset_23_how_to_book_forward.png 1536w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/17\/2023\/11\/asset_23_how_to_book_forward-300x83.png 300w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/17\/2023\/11\/asset_23_how_to_book_forward-1024x283.png 1024w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/17\/2023\/11\/asset_23_how_to_book_forward-768x213.png 768w\" sizes=\"(max-width: 1536px) 100vw, 1536px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-062f90b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"062f90b\" data-element_type=\"section\" id=\"howtobook\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-12d720c\" data-id=\"12d720c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cdad03b elementor-widget elementor-widget-heading\" data-id=\"cdad03b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How to book a forward contract\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f6d9738 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f6d9738\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-15eafdf\" data-id=\"15eafdf\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-073343c underline-remove-from-hyperlink elementor-widget elementor-widget-accordion\" data-id=\"073343c\" data-element_type=\"widget\" data-widget_type=\"accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 15-07-2024 *\/\n.elementor-accordion{text-align:start}.elementor-accordion .elementor-accordion-item{border:1px solid #d5d8dc}.elementor-accordion .elementor-accordion-item+.elementor-accordion-item{border-top:none}.elementor-accordion .elementor-tab-title{margin:0;padding:15px 20px;font-weight:700;line-height:1;cursor:pointer;outline:none}.elementor-accordion .elementor-tab-title .elementor-accordion-icon{display:inline-block;width:1.5em}.elementor-accordion .elementor-tab-title .elementor-accordion-icon svg{width:1em;height:1em}.elementor-accordion .elementor-tab-title .elementor-accordion-icon.elementor-accordion-icon-right{float:right;text-align:right}.elementor-accordion .elementor-tab-title .elementor-accordion-icon.elementor-accordion-icon-left{float:left;text-align:left}.elementor-accordion .elementor-tab-title .elementor-accordion-icon .elementor-accordion-icon-closed{display:block}.elementor-accordion .elementor-tab-title .elementor-accordion-icon .elementor-accordion-icon-opened,.elementor-accordion .elementor-tab-title.elementor-active .elementor-accordion-icon-closed{display:none}.elementor-accordion .elementor-tab-title.elementor-active .elementor-accordion-icon-opened{display:block}.elementor-accordion .elementor-tab-content{display:none;padding:15px 20px;border-top:1px solid #d5d8dc}@media (max-width:767px){.elementor-accordion .elementor-tab-title{padding:12px 15px}.elementor-accordion .elementor-tab-title .elementor-accordion-icon{width:1.2em}.elementor-accordion .elementor-tab-content{padding:7px 15px}}.e-con-inner>.elementor-widget-accordion,.e-con>.elementor-widget-accordion{width:var(--container-widget-width);--flex-grow:var(--container-widget-flex-grow)}<\/style>\t\t<div class=\"elementor-accordion\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<h4 id=\"elementor-tab-title-7551\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-7551\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">If you're a new customer with WorldFirst<\/a>\n\t\t\t\t\t<\/h4>\n\t\t\t\t\t<div id=\"elementor-tab-content-7551\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-7551\"><p>Once you&#8217;ve signed up for a <a href=\"https:\/\/portal.worldfirst.com\/register?region=NZ&amp;lang=en-GB\">World Account<\/a>, you can find out more about what you need, from hedging strategies to currencies involved and length and rate of contracts by calling our team on <strong>+61 2 8298 4999.<\/strong><\/p><p>We&#8217;ll clearly cover the below terms to ensure you&#8217;re comfortable with the conditions of the forward.<\/p><p>These terms include:<\/p><ul><li>The currencies involved<\/li><li>The rate of the contract<\/li><li>Tenure (length) of the contract<\/li><li>Explaining deposit\/initial margin requirements, in case a credit facility is needed<\/li><li>Understanding if you&#8217;ll be using this (forward bought) currency in relation to the sale or purchase of goods or services, or for direct investment<\/li><\/ul><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<h4 id=\"elementor-tab-title-7552\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-7552\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">If you're an existing WorldFirst customer<\/a>\n\t\t\t\t\t<\/h4>\n\t\t\t\t\t<div id=\"elementor-tab-content-7552\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-7552\"><p>You can easily book fixed forward contracts online and window and flexible forward contracts by calling <strong>+61 2 8298 4999<\/strong> and speaking to one of our team.<\/p><p>For fixed forwards, if you request a rate further than a spot contract (trade date, plus two days), you&#8217;ll receive a pop-up on your account informing you that you&#8217;re about to book a fixed forward contract with WorldFirst and that a deposit may be required.<\/p><p>Once you click &#8220;Accept Rate &amp; Book Transaction&#8221; you&#8217;ll enter a legal contract with WorldFirst to buy or sell the currency you&#8217;ve selected.<\/p><p>For added transparency, you&#8217;ll also receive detailed information on how we calculate margin requests. This information is important in case your rate significantly moves during the tenure of your contract, thus requiring a margin call.<\/p><p>To get started, <a href=\"https:\/\/portal.worldfirst.com\/login?region=NZ&amp;lang=en-GB\">log in to your account<\/a>.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"If you're a new customer with WorldFirst\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>Once you&#8217;ve signed up for a <a href=\\\"https:\\\/\\\/portal.worldfirst.com\\\/register?region=NZ&amp;lang=en-GB\\\">World Account<\\\/a>, you can find out more about what you need, from hedging strategies to currencies involved and length and rate of contracts by calling our team on <strong>+61 2 8298 4999.<\\\/strong><\\\/p><p>We&#8217;ll clearly cover the below terms to ensure you&#8217;re comfortable with the conditions of the forward.<\\\/p><p>These terms include:<\\\/p><ul><li>The currencies involved<\\\/li><li>The rate of the contract<\\\/li><li>Tenure (length) of the contract<\\\/li><li>Explaining deposit\\\/initial margin requirements, in case a credit facility is needed<\\\/li><li>Understanding if you&#8217;ll be using this (forward bought) currency in relation to the sale or purchase of goods or services, or for direct investment<\\\/li><\\\/ul>\"}},{\"@type\":\"Question\",\"name\":\"If you're an existing WorldFirst customer\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>You can easily book fixed forward contracts online and window and flexible forward contracts by calling <strong>+61 2 8298 4999<\\\/strong> and speaking to one of our team.<\\\/p><p>For fixed forwards, if you request a rate further than a spot contract (trade date, plus two days), you&#8217;ll receive a pop-up on your account informing you that you&#8217;re about to book a fixed forward contract with WorldFirst and that a deposit may be required.<\\\/p><p>Once you click &#8220;Accept Rate &amp; Book Transaction&#8221; you&#8217;ll enter a legal contract with WorldFirst to buy or sell the currency you&#8217;ve selected.<\\\/p><p>For added transparency, you&#8217;ll also receive detailed information on how we calculate margin requests. This information is important in case your rate significantly moves during the tenure of your contract, thus requiring a margin call.<\\\/p><p>To get started, <a href=\\\"https:\\\/\\\/portal.worldfirst.com\\\/login?region=NZ&amp;lang=en-GB\\\">log in to your account<\\\/a>.<\\\/p>\"}}]}<\/script>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f94e59d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f94e59d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ff02739\" data-id=\"ff02739\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1baea13 elementor-widget elementor-widget-template\" data-id=\"1baea13\" data-element_type=\"widget\" data-widget_type=\"template.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-template\">\n\t\t\t\t\t<div data-elementor-type=\"section\" data-elementor-id=\"1307\" class=\"elementor elementor-1307\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c57fe35 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c57fe35\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5a783ef\" data-id=\"5a783ef\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2812134 elementor-widget elementor-widget-heading\" data-id=\"2812134\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Businesses Trust WorldFirst<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-18c53e6 elementor-widget__width-initial elementor-widget-mobile__width-initial elementor-align-center wf-body01-font elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"18c53e6\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<link rel=\"stylesheet\" href=\"https:\/\/www.worldfirst.com\/app3\/plugins\/elementor\/assets\/css\/widget-icon-list.min.css\">\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Almost 1,000,000 business have sent $300B around the world with WorldFirst and its partner brands since 2004.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Your money is also safeguarded with leading financial institutions.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a52e6fb elementor-widget elementor-widget-image\" data-id=\"a52e6fb\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1536\" height=\"520\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/17\/2023\/09\/Graphic_03_A-million-reasons-to-trust-WorldFirst-1536x520.png\" class=\"attachment-1536x1536 size-1536x1536 wp-image-23351\" alt=\"\" srcset=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/17\/2023\/09\/Graphic_03_A-million-reasons-to-trust-WorldFirst-1536x520.png 1536w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/17\/2023\/09\/Graphic_03_A-million-reasons-to-trust-WorldFirst-300x102.png 300w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/17\/2023\/09\/Graphic_03_A-million-reasons-to-trust-WorldFirst-1024x347.png 1024w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/17\/2023\/09\/Graphic_03_A-million-reasons-to-trust-WorldFirst-768x260.png 768w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/17\/2023\/09\/Graphic_03_A-million-reasons-to-trust-WorldFirst.png 1920w\" sizes=\"(max-width: 1536px) 100vw, 1536px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1a6fa79 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1a6fa79\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-acffc97\" data-id=\"acffc97\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d4456ab elementor-widget elementor-widget-heading\" data-id=\"d4456ab\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What our customers say<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1326073 elementor-widget elementor-widget-html\" data-id=\"1326073\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<!-- TrustBox script -->\n<script type=\"text\/javascript\" src=\"\/\/widget.trustpilot.com\/bootstrap\/v5\/tp.widget.bootstrap.min.js\" async><\/script>\n<!-- End TrustBox script -->\n\n<!-- TrustBox widget - Carousel -->\n<div class=\"trustpilot-widget\" data-locale=\"en-AU\" data-template-id=\"53aa8912dec7e10d38f59f36\" data-businessunit-id=\"5b2b7147c23ad60001a956ef\" data-style-height=\"140px\" data-style-width=\"100%\" data-theme=\"light\" data-stars=\"3,4,5\" data-review-languages=\"en\" data-font-family=\"Roboto\" data-text-color=\"#1a1a1a\">\n  <a href=\"https:\/\/au.trustpilot.com\/review\/www.worldfirst.com\/au\" target=\"_blank\" rel=\"noopener\">Trustpilot<\/a>\n<\/div>\n<!-- End TrustBox widget -->\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Fix your rate and future proof your plans with a forward contract from WorldFirst Lock in an exchange rate for up to two years, protecting budgets from adverse currency fluctuations and helping to reduce risk. What&#8217;s a forward contract? A forward contract lets you secure an exchange rate over a set period of time on [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"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>Currency Forward Contracts | WorldFirst NZ<\/title>\n<meta name=\"description\" content=\"Use a forward exchange contract to lock in an exchange rate for up to two years. 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