Risk Management

Foreign exchange for personal clients

Foreign Currency Forward Contracts

• Using a forward contract, clients can lock in a rate of exchange for funds to be purchased or sold in the future on a specific date.
  
• Once the rate is secured it guarantees the GBP equivalent for the length of the contract providing stability.
  
• Forward contracts are available for purchasing or selling goods.
  
• Rates may be locked in from 1 week up to 12 months.
  
• Minimum requirement of £5,000.
  
• Forward contracts over a week require a deposit of 10%.
  
• Forward contracts are available in 15 currencies including EUR,
  USD and JPY.

Limit Orders

Raphaels Bank also offers clients the opportunity to authorise in advance the purchase or sale of foreign currency at pre-agreed levels, without the need to contact clients and thus risk losing the opportunity offered by the market which may be short-lived.

Open a trading facility today

For further information, please call our Foreign Exchange Division
on 0800 587 8722 or email us