In order to enter a forward trade, select "Currency exchange" on the left-side bar menu in your amnis portal.
Under "New Trade" you can now select which currency you would like to buy and which currency you would like to sell. At the same time you can set the desired amount. Please note that you only need to enter the amount in one currency. The amount in the other currency will be calculated automatically with the exchange rate.
Finally, please set the maturity date.
You can also "roll" your forward later and change the maturity date - beware that the rate will be adjusted with such rolling.
In case the currency you would like to buy or sell does not appear in the dropdown list, first go to "Accounts" (left-side bar menu) and open a new virtual account in the desired currency:
After you have selected the desired currency pair, entered the right amount and chosen the maturity date, hit "Request Rate".
You will now be presented with the quote, which you can accept or decline. This quote is your final exchange rate, no additional fees will be added.
Since the market is constantly changing, there is a time limit of 15 seconds to accept the offer (blue "Confirm" button):
Please beware that once you have confirmed an offer, the trade has been issued and needs to be fulfilled. Deleting an fx trade is not possible.
If you have booked a wrong trade, please contact our support team. The currency exchange can be offset with a reversed trade. However, this may cause some additional cost due to the constant changes on the fx market.
Once confirmed, you will receive a confirmation email with all details, including the payment instructions.
Additionally, you can directly decide in the next step what to do with the currency you just bought. Select your preferred option here and enter the payment.
For further information on your payment options and how to proceed after a currency exchange, please consult this article.
Please note: In order to book a forward transaction (= transactions with a term > 5 days) you need to enable forward trading in your amnis WebApp and sign a margin call agreement (fully digital). This allows you to trade up to CHF 100'000 (limit per company, not per trade) and 90 forward days.
For higher amounts and/or days, a security margin deposit of 5% of the face value is required. To this end, we kindly ask you to contact your relationship manager and sign a deposit agreement for FX forward contracts.
More detailed information about the FX limits can be found in this article.