Arab African International Bank provides its corporate clients with the new Fix & Forward contract. Fix & Forward contracts are the perfect solution to protect your business from exchange ratefluctuations. The Fix & Forward contract is based on FX forward rates where a foreign exchange transaction is executed today for settlement at a specified future date.

WHO SHOULD USE FIX & FORWARD?
Companies who need to monitor the FX market movement to assess the impact on the profitability of the following transactions:
			Letters of Credit (LCs) in foreign currency.
			Documents for Collection (DCs) in foreign currency.
			Credit Facilities in foreign currency.
			Transferred dividends for Multinational companies.

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BENEFITS
			Hedge against foreign exchange risk.
			Lock in profits realized by fixing the FX rate for the future foreign currency income.
			Improve management of costs incurred by fixing the FX rate of future foreign currency expenses.

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FEATURES
			Contracts can be arranged to either buy or sell a foreign currency agaist local currency or any other foreign currency.
			Contracts can reach periods up to one year and longer tenors are negotiable.
			Contracts are available in all major currencies.