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To see the status of your FX trades, please follow the steps below:<\/span><\/p>\n\n\n\n- Go to <\/span>\u201cPayments\u201d<\/strong><\/span> in the top navigation<\/span><\/li>
- Select <\/span>\u201cTransaction management\u201d<\/strong><\/span><\/li>
- Select <\/span>\u201cFX trades\u201d<\/strong><\/span> <\/span><\/li>
- View trades that have been paid\/Settled, process\/open, cancelled or processing<\/span><\/li><\/ul>\n<\/div>\n<\/div>\n<\/details>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n
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How can I book a forward trade?<\/summary>\n<\/div>\n\n\n\n
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To book a forward on your World Account, follow the instructions below:<\/span><\/p>\n\n\n\n- Go to <\/span>\u201cPayments\u201d<\/strong><\/span> in the top navigation<\/span><\/li>
- Select <\/span>\u201cBook an FX trade\u201d<\/strong><\/span><\/li>
- Select your sell\/buy currency and enter the amount you want to send (sell) and to be received (buy)<\/span><\/li>
- Select the date you want your contract to be booked before you confirm the currency and T&Cs for the deposit and forward to be booked<\/span><\/li>
- Review your forward details and click <\/span>“Confirm trade”<\/strong><\/span> to book your forward <\/span><\/li><\/ul>\n<\/div>\n<\/div>\n<\/details>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n
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How to make partial payment for a flexible forward booked in the system?<\/summary>\n<\/div>\n\n\n\n
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To make a partial payment to an existing forward, follow the steps below: <\/span><\/p>\n\n\n\n- Go to <\/span>\u201cPayments\u201d<\/strong><\/span> in the top navigation. Please note that this feature could also be under the “Foreign Exchange” tab on your portal, depending on your location<\/span><\/li>
- Select <\/span>\u201cTransaction management\u201d<\/strong><\/span>, then select <\/span>“FX trades”<\/strong><\/span>. View the trades that are open<\/span><\/li>
- Select your open forward and select <\/span>\u201cAdd payment\u201d<\/strong><\/span> under <\/span>\u201cAction\u201d<\/strong><\/span><\/li>
- Select your payee and the amount you want to sell based on the forward and select the date of payment<\/span><\/li>
- Finally authenticate payment with one time passcode, confirm payment and then the payment is sent to payee<\/span><\/li><\/ul>
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You can make multiple payments with one trade up to the booked amount. <\/span><\/p>\n<\/div>\n<\/div>\n<\/details>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n\n
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Which currency pairs are available for FX trades?<\/summary>\n<\/div>\n\n\n\n
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To buy <\/span><\/p>\n\n\n\nUSD\u3001SGD\u3001EUR\u3001GBP\u3001JPY\u3001CNH\u3001AUD\u3001HKD\u3001NZD\u3001CAD\u3001PLN\u3001CHF\u3001AED\u3001SEK\u3001CZK\u3001MXN <\/span><\/p>\n\n\n\n
\n\n\n\nTo sell <\/span><\/p>\n\n\n\nUSD\u3001SGD\u3001EUR\u3001GBP\u3001JPY\u3001CNH\u3001AUD\u3001HKD\u3001NZD\u3001CAD\u3001PLN\u3001CHF\u3001AED\u3001SEK\u3001SAR\u3001CZK\u3001ZAR\u3001MXN\u3001ILS\u3001MYR\u3001THB\u3001TRY<\/span><\/p>\n<\/div>\n<\/div>\n<\/details>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n\n
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Can I book a firm order?<\/summary>\n<\/div>\n\n\n\n
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Yes. If you know which exchange rate for a currency pair you wish to exchange to, please call our relationship management team to book your order. <\/span><\/p>\n<\/div>\n<\/div>\n<\/details>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n\n
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Do I need to pay a deposit when I book an FX trade?<\/summary>\n<\/div>\n\n\n\n
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No. In the case of forward contracts, it may sometimes be required to make a 5% deposit of the total transaction to keep your trade open for the desired term. <\/span><\/p>\n<\/div>\n<\/div>\n<\/details>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n\n
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What does Spot mean on the portal?<\/summary>\n<\/div>\n\n\n\n
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Spot is to lock in your rate at the point of booking and settle funds at a later stage.When you spot, you’ll be contractually obliged to settle this trade, so you’ll need time to ensure you hold a sufficient balance on your World Account on your desired settlement date. This is to avoid any cancellations and subsequent fees.<\/span><\/p>\n<\/div>\n<\/div>\n<\/details>\n<\/div><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":30,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"doc_category":[46],"doc_tag":[],"acf":[],"yoast_head":"\nManaging FX | WorldFirst PH<\/title>\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\t\n