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Whats Time Option Money Transfer Contract -Time Option Contracts

What is a Time Option Contract?

What is a Time Option? -Money Transfers with Time Options? A foreign exchange time option is like a forward contract with the options to execute your currency trade during the pre-defined period

This enables clients to wish to set up a currency option such as a time option to fix the currency exchange rate for a specific period in the future when the specific Foreign exchange payment is expected.

Money Transfers with Time Options

By fixing the currency exchange rate protects the Time option buyer against foreign exchange movement risks plus keeps them risk free from future price changes.

What is a Money Transfer Time Option Contract

Unlike foreign exchange forward contract options a time option does not specify the exact date of settlement and enables execution on any date within a previously defined period of time. the timescales for time options are set in advance and range from a minimum of 3 day to a maximum of 180 days. For currency trading options such as trade options there is a minimum amount per transaction which is in the value or in other currency equivalent of 30,000 sterling on average and with maximum tenor from 3 to 180 days

Best Time Option Contracts?

Trade options client benefits.

  • No matter if the currency conversion is performed the first or the last day of the agreed time period the client pays the same price and if range set can be between 3 days to 180 days.
  • Possibility of hedge betting against foreign exchange risk in case you don’t now the exact day of when you need to make your currency payment or receive currency pairs.

#######Cheap Time Option Contracts?######

Trade options deal closing

  • Like other currency options that are offered by foreign exchange dealers currency dealings are closed by the telephone and the foreign exchange broker will request confirming terms and completing a confirmation, containing the agreed details: type of currency, rate, amount and account number is exchanged by email.
  • With most trade options as a protection against default risk, you will be asked to pay a percentage deposit upfront to ensure the deposit is proportional to the contracted deal period and calculated as a percentage of the total value to exchange.