Forward FX

OFB through our principals also provides its customers interested in addressing the interest rate component, implicit in the Forward FX markets, with the ability of replacing their open Forex positions with a new forward position at a new rate.

To cater for the needs of our diversified customer base, our principal's quotes both Outright and Broken-date Forward FX prices so that OFB clients are able to trade FX for a future settlement date, be it a standard time-frame or a specific date. As per Spot transactions, margin rates are 1% with minimum trade sizes as low as USD10,000 (or equivalent) and as high as USD1 Billion.

The ability to quote broken-date Forwards means that clients are able to tailor their FX trades to meet their specific cash-flow, hedging, trading or speculative requirements.