Update your browser

Update your browser

You are using an old version of your browser. We recommend you update it or change browser for a better web experience.

Corporate
BranchesHelp
Can we help you?
  • Call the number
    902 22 00 81
    From Monday to friday (8 to 22h)
  • Online Care - Chat
  • Visit
    our branches
Do you want us to call you
Send us your details and we will call you

International presence

Consult our representative offices, subsidiaries and branches offices abroad.

You may be interested...

Our pledge to companies

Forward KO

Forward KO

A Forward KO is a strategy formed by the combination of two options with zero cost, which enables you to establish a subsidised fixed exchange rate, in exchange for leaving unfavorable scenarios without cover over an established certain level, known as barrier.

 

1. Importer


If your company imports in USD, you will have to buy a set amount of USD at a future date. Exchange rate insurance guarantee you a fixed purchase price, regardless of the evolution of the EUR/USD exchange rate.

Gráfico1

On the other hand, a Forward KO, allows you to improve the fixed rate on the exchange insurance, in exchange for deactivating the cover below a certain level (barrier).

On maturity:

  • If EUR/USD > barrier: you will buy at the fixed rate (eliminates foreign exchange risk).
  • If EUR/USD < barrier: you will buy at the market price.

Gráfico2

The advantage of a Forward KO is that you can improve the fixed rate of your cover.

The Forward KO can also be contracted with a constant barrier over time.

 

2. Exporter


If your company exports in USD, you will have to buy a set amount of USD at a future date. Exchange rate insurance guarantee you a fixed purchase price, regardless of the evolution of the EUR/USD exchange rate.

Gráfico3

On the other hand, a Forward KO, allows you to improve the fixed rate on the exchange insurance, in exchange for deactivating the cover over a certain level (barrier).

On maturity:

  • If EUR/USD < barrier: you will sell at the fixed rate (eliminates risk of change).
  • If EUR/USD > barrier: you will sell at the market price.

Gráfico4

The advantage of a Forward KO is that you can improve the fixed rate of your cover.

The Forward KO can also be contracted with a constant barrier over time.

  • Buscador oficinas Come and see us

    Correo electronico Write to us

    Send us an

    email


Other products that may be of interest to you: