Forward Transactions
With forward FX transactions you can buy and sell currency at a future date on pre-agreed rate, amount and maturity terms, and manage your currency risk.
How Does It Work?
In forward FX transactions, Emlak Katılım commits the transaction amount, rate and maturity date to its customers. It provides protection from exchange-rate fluctuations, especially for firms engaged in exports or imports.
Features
- Transactions are possible between 9 foreign currencies and TRY.
- The rate is set for the maturity; the maximum term is 365 days.
- There is no tax (withholding) for legal entities in forward transactions. Transactions can be made within a cash block and/or forward limit.
- In line with participation-banking principles, transactions that could produce speculative outcomes are not carried out.
For details and applications, visit your nearest branch or call our Customer Contact Center.