How much do I need to deposit for a forward transaction?

When you execute a forward transaction you may be required to pay a deposit. The amount of deposit will be based on the sell currency amount and length of time until the transaction settles, and will be calculated as follows:

  Length of deposit       Deposit amount
Between 1 week and 1 month  Deposit of 3% of Sell currency amount
Between 1 and 6 months Deposit of 5% of Sell currency amount
Between 6 and 12 months Deposit of 10% of Sell currency amount

Still need help? Contact Us Contact Us