FX Par-Forward
This is a forward deal involving the exchange of a number (agreed as to time and amount) of currency flows at the same rate.
How do you benefit:
hedging against exchange rate fluctuations in the case of currency exchange makes it easy to assess currency rates,
you may secure future cashflow by receiving only one exchange rate (applicable to all payments),
contracts can be concluded up to an authorized settlement limit or against a security deposit.
