How to drawdown from a flexible forward
Step 1:
Navigate to ‘Foreign exchange’ on the left side navigation bar.
Step 2:
Click on the ‘FX trades’ tab under ‘FX activities’ and click on ‘Available’.
Step 3:
Find the flexible forward you want to drawdown from, and click ‘Add payment’
Step 4:
Select the payee you wish to make your drawdown to, or choose to drawdown your contract to your WorldFirst account balance.
Step 5:
Enter the buy or sell amount you would like to drawdown.
Please note: you may only drawdown an amount which is equal to or less than the ‘Available’ amounts displayed on the right of the screen.
Step 6:
Select the payment date for your drawdown and click ‘Next step’.
Please note: the payment date you select will also be the date you will need to settle your drawdown.
Step 7:
Confirm your payment via your Authy app, or SMS code.
Step 8:
Review your drawdown details, and if you are happy to proceed, click ‘Confirm payment’.
Step 9:
All done! Your drawdown is now booked.
Please ensure you have a sufficient balance on your drawdown date to avoid any delays or cancellations.
