Definition
A forward commits the buyer/seller to buy/sell certain amount of the underlying asset (commodity) on the defined day at a pre-defined price. In the case of the commodity NDF offered by us, only the difference between the pre-defined price and the reference price is settled. The reference price is the price which is defined and officially published every business day for example by the London Metal Exchange.
Terms of service
- Accounts in the relevant currencies (USD, EUR – subject to the commodity type).
- Master Agreement on Treasury Trades.
- Minimum amount of the deal is 1 lot.
- Agreement for opening of pledge account, cash deposit or cash derived from repo deal with securities.
