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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.
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.
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 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.
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.