Defining Currency Future Contracts (CFC)
The increasing commercial trade in foreign exchange with simultaneous fluctuations in exchange rates has led companies that are trading abroad to demand opportunities to reduce the risk of exchange rate fluctuations. Currency futures contracts are a tool for creating predictability when using foreign currencies by setting exchange rates in advance for future transactions. Futures contracts are mostly used by companies within exports (sales) but also within imports (purchases).
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Forward/Swap is defined in the futures contract module as a transaction type and is maintained by the application, i.e. the information provided by the bank regarding a Swap – contract can be registered. Basically, a Swap (change contract) will not affect the price of an invoice, order, order or posted invoice; it is the original trading price agreed in the Forward contract that is used.
What is
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Supported by Currency Futures Contract
WiseFish Currency Futures Contract supports:
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