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What is an FX Spot trade?
Buy now, pay now. What an FX spot trade is, how it's priced and settled, and when spot is enough for your business payments.
Types of Forward Contract: Fixed, Open and Window
Fixed, open or window? How the three main types of FX forward contract work, and why more flexibility can come at a price.
Why You Need an FX Policy
An FX policy takes one person's market view out of your currency decisions. What it is, what goes in it, and why your business needs one.
What is an FX Swap?
What is an FX swap? How the near and far legs work, why businesses use swaps to fill cash gaps or roll a forward, and what rolling really costs.
FX 101: an introduction
FX 101: how currency pairs are quoted, and how spot, forward and option contracts work – the basics UK businesses need before hedging.
Mark-to-Market & Margin Calls
What is mark-to-market, and what is a margin call? How currency hedges are valued, how initial and variation margin work, and how a credit facility can help.
What is an FX Forward Contract?
What is an FX forward contract? Learn how forwards fix an exchange rate for a future date, how they differ from futures, and how margin and credit work.
Business Funding for UK Importers and Exporters: A Plain-English Guide
Trade finance, invoice finance, asset-based lending and revolving credit, explained in plain English for UK importers and exporters – and how funding and FX fit together.
FX Hedging Programmes: Static, Rolling or Layered?
Compare static, rolling and layered FX hedging programmes. Learn how cash-flow visibility, forecast certainty and risk appetite shape your business's approach.
Business FX Costs: Hidden Charges and Currency Risks
Find hidden business FX costs in exchange-rate spreads, payment fees and automatic conversions. Learn practical ways to reduce costs and manage currency risk.
How Much Should You Hedge – and How Far Ahead?
How much currency exposure should your business hedge, and how far ahead? Use forecast certainty, cash-flow visibility and margin sensitivity to guide decisions.
Inherent vs Residual FX Risk: Measuring Your Exposure
Measure business FX risk before and after hedging. Learn the difference between inherent and residual currency risk, with a practical cash-flow example.
Over-Hedging and Under-Hedging: Risks for Businesses
Understand business FX over-hedging and under-hedging: their causes, cash-flow consequences and practical ways to keep hedges aligned with currency exposure.
What Is a TARF? How It Works and Its FX Risks
Learn how a Target Redemption Forward (TARF) works, why it offers enhanced FX rates, and how leverage, early termination and adverse fixings create risk.
FX Glossary
Clearly-explained terms covering foreign exchange, hedging instruments, payment flows, and currency risk management.