Manage foreign exchange risks
With a range of FX products, protect your business against currency volatility
Lock in your currency exchange rate
With iBanFirst deliverable forward contracts, you benefit from a guaranteed exchange rate to pay invoices denominated in foreign currencies. Predetermined reserves of foreign currencies, your deliverable forward contracts can be used at a future date or within a given period, up to two years after signing them.
Manage risk
Neutralise exposure to foreign exchange rate fluctuations
Protect margins
Deploy currency risk management strategies, accessible to companies of any size and for any amount
Flexible process
Leverage a single online platform for currency risk management, foreign exchange and payment operations
Choose duration and flexibility
Select your currency risk strategy based on your needs.
Deliverable Fixed Forward
Lock in a currency exchange rate to use at a set date in the future.
Guaranteed FX rate
Transparent rates
No hidden fees
Set usage date
Usage window
Multiple take-ups
Better FX rate applied at expiry
Maximum maturity 24 months
Deliverable Flexible Forward
Lock in an FX rate and use it at any time during a given period.
Guaranteed FX rate
Transparent rates
No hidden fees
Set usage date
Usage window
Multiple take-ups
Better FX rate applied at expiry
Maximum maturity 24 months
A partner you can trust
Secure and reliable above all
Frequently asked questions
How do I transfer funds?
Instruct your bank to send funds to our safeguarded client account at Barclays - this could be done online, via an app. or by going into your branch. We do not accept cash or cheques. Our banking details can be found on the contract note which we will email to you after you have agreed an exchange rate or bought currency online via our platform.
Are my funds secure?
All funds are held in segregated ring-fenced client accounts at Barclays Bank PLC. These do not form any part of the company’s assets and could not be touched by creditors. Barclays Bank PLC does not monitor how iBanFirst operate these accounts.
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iBanFirst Limited is registered in England and Wales under Company No. 6260585 registered address: 6th floor, Dashwood House, 69 Old Broad St, London EC2M 1QS. iBanFirst Limited is authorised by the Financial Conduct Authority for the provision of payment services under the Payment Services Regulations 2017 (Reference number: 504494) and supervised by the Financial Conduct Authority under the Money Laundering Regulations 2017. The products and services that iBanFirst Limited offers are limited to unregulated spot FX transactions and deliverable Forward contracts excluded from MiFID or EMIR regulation (on the premise that their purpose is that of a future payment and treated as spot FX).