Foreign exchange risk hedging solutions for businesses from iBanFirst

11 September 2018

iBanFirst offers multicurrency transactions for businesses through its user-friendly platform. There are two foreign exchange hedging solutions to choose from, helping iBanFirst clients manage foreign exchange risks that may otherwise impact their international payments.

Helping clients secure their sales margins

iBanFirst offers clients two types of hedging tools, without subscription fees, for their trade payables in foreign currencies.

Forward contracts enable clients to benefit from a guaranteed exchange rate, giving them the chance to settle their invoices in foreign currencies for predetermined amounts and maturities. Clients benefit from a predefined foreign currency reserve that can be used at a future date, for up to one year after signing the contract. This protects them against forex market appreciation in the purchased currency and helps secure their commercial margins.

Flexible forwards, which are exclusively available with iBanFirst, offer clients a single guaranteed exchange rate for settling their invoices in a foreign currency over a given period. They can secure their sales margins with foreign currency invoices that reach amounts not known prior to issuance. This allows them to maintain a foreign currency reserve at all times until the contract’s expiration date.

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“By offering our clients hedging solutions in the form of forward contracts, we help them develop their business internationally with one less thing to worry about”, says Pierre-Antoine Dusoulier, CEO and Founder of iBanFirst. “We know it’s important for businesses to plan ahead and do their best to control their commercial margins. Our offers allow them to develop their international sales strategy under optimal conditions and we are proud to contribute to their success.”

Thanks to our solutions, available through the iBanFirst platform, we set ourselves apart from traditional banking offer and our various competitors on the FX market.

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