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How do Forward FX Contracts work with XYLO Foreign Exchange?

April 26, 2017contracts foreign exchange forward FX xylo

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How do Forward FX Contracts work with XYLO Foreign Exchange?

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XYLO Foreign Exchange determines the FX rates used for Forward Contracts by calculating an interest adjustment to the applicable Spot Contract rate. This adjustment is known as the Forward Margin. You can nominate a Forward Contract term of up to 6 months depending on XYLO’s credit assessment. In order to use Forward Contracts with XYLO, you will first need to complete some additional registration information. Our Customer Care team is happy to assist you with any questions you may have.