Window forward

A window forward allows you to secure a protection rate (less favourable than the benchmark forward rate), for a given amount and for a given period of time. You can drawdown on the forward as many times you want on the period, in the limit of the given amount.

Complexity level :

:

Catégorie : 1 *

Guarenteed protection rate :

Protection rate level against benchmark forward rate :
Less favourable

Amount dealt at expiry :
Same as the notional amount

In what market to use it ?

Participation in a favorable move in spot : No

During the lifetime of the contract, you can make as many drawdowns as you want, at protection rate, in the limit of the notional amount. The notional amount has to be fully drawdowned before expiry. Nevertheless, the maturity of the contract may be extended upon request with the approval of your counterpart.

Currency cross	EUR / USD
Side	Buy USD
Contract maturity	6 months
Benchmark forward rate	1,1030
Protection rate level	1,0950
Improved rate level	N/A
Readjusted rate level	N/A
Low barrier level	N/A
High barrier level	N/A
Participation rate	N/A
Ratio	1 : 1
Reserve of points	N/A
Type of contract	N/A
Frequency of fixings	N/A
Frequency of deliveries	N/A
Fixing	N/A

Advantages

Disadvantages