Businesses often want to improve their budget management; utilising a Forward Contract can help them plan ahead and gives a company more certainty in its expenditure. Businesses can fix a rate in place for up to 24 months, eliminating the need for upfront Spot transactions, and offering protection against unfavourable currency movements.

Worried about when you’ll receive client payments and how that could affect your hedging strategy? Speaking to Corpay, you’ll be able to discuss different corporate Options products, including various Forward Contracts, which can offer you flexibility in the way you hedge.

Corpay offers an award-winning online platform, giving clients fast, reliable 24-hour access to a range of currencies, as well as comprehensive trading capabilities. The platform also gives clients access to a suite of easily exported reports and has multi-user functionality, so information is accessible through client-defined permission levels.

Corpay has the infrastructure and expertise to provide complex global payment solutions, including mass payments, to businesses of every size. If you’re a business needing to make simultaneous payments to overseas suppliers in their preferred currencies, Corpay can help.