Forward Contract Meaning: A forward contract is a contract between the bank and its customer to buy or sell a specific currency at a specified future price for delivery on a specified future day beyond the Spot Date. Period of Delivery: A contract can be...
![Underlying (purchase order) is not mandatory for booking forward contracts up to USD 10 million](https://ibrlive.com/wp-content/uploads/2024/02/forward-contract-1080x675.png)