Examples of Forward Contract in a sentence
Each transaction for the exchange of one Currency for another Currency (a “Currency Exchange”) is referred to herein as an “FX Transaction,” whether conducted as a direct Currency Exchange with no other underlying transaction or as part of a wire transfer or Forward Contract.
When requesting a Forward Contract, you must specify (a) the Foreign Currency to be exchanged with the Bank; (b) whether it is being purchased or sold by you; (c) the amount of Foreign Currency; and (d) the Value Date for the FX Transaction.
If you have entered into a Spot or Forward Contract in a currency other than US Dollars, the applicable Exchange Rate for the resulting FX Transaction will be the Exchange Rate for the Spot or Forward Contract applicable to the US Dollar Amount of the FX Transaction, unless we agree with you otherwise.
You may request a Forward Contract only if you have provided and are maintaining any Credit Support we have required and your online profile with Synovus otherwise allows Forward Contracts.
The date on which you request a Forward Contract and the Bank agrees to provide that Forward Contract shall be the Trade Date.