Crédit Agricole to launch two-year forwards by Q2
An outright forward contract is an agreement to buy or sell a specific amount of currency at a future date for a pre-determined rate, usually to hedge against currency fluctuations.
The new contract has been in testing phase at Crédit Agricole since mid-January and will be available globally in G-10 currencies with streaming prices. Leclercq declined to comment on how many clients have been testing the new contract, but said it is likely to appeal to corporates.
"Jetstream, the bank's electronic
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