Term
Set the exchange rate for the future settlement of a commercial transaction
Are you planning to pay for goods or services in a foreign currency or expecting a payment from a customer abroad? Term from AFORTI.BIZ allows you to set the exchange rate for the future settlement of a commercial transaction – up to 12 months in advance.
You know the exchange rate when you enter into a Term exchange. This helps reduce the impact of adverse exchange rate movements on your company’s costs, revenue, margins and cash flow.
A verified account is required to submit a Term exchange order. Account registration and maintenance are free of charge.
Why choose Term?
- Predictable costs and revenue – you know in advance the exchange rate at which the transaction will be settled.
- Reduced exchange rate risk – you limit the impact of adverse currency movements on the profitability of a commercial transaction.
- Margin protection – it is easier to maintain the expected profitability of a purchase or sale.
- Better cash flow planning – you can plan future foreign currency payments and incoming funds more accurately.
- Flexible settlement date – you can align it with the payment schedule for your goods or services.
- Convenient online order – provide the key transaction details directly through the platform.
How to use Term?
1. Create an account and complete verification
Register your company with AFORTI.BIZ and complete the account verification process. A verified account is required to submit a Term exchange order.
2. Submit an order through the platform
Provide the key details of your planned transaction, including the currency, amount and settlement date.
3. Receive an offer from your account manager
Your account manager will contact you with an offer based on the details provided. Once you accept the terms, the exchange rate is set and the Term exchange is settled on the selected date.
Who is Term for?
Term is intended for companies that conduct genuine commercial transactions in foreign currencies and want to secure the exchange rate for future payments or incoming funds.
It may be used by:
- importers planning to pay for goods or services in a foreign currency,
- exporters expecting payments from customers abroad,
- companies that regularly conduct international settlements,
- businesses seeking to plan the costs, revenue and margins associated with commercial transactions more effectively.
Important information about Term
Term may only be used in connection with genuine commercial transactions involving identifiable goods or services.
By entering into transactions within the Term service, the platform user confirms and declares – under penalty of liability for damages – that such transactions will be concluded exclusively to facilitate payments for clearly identifiable goods or services related to their business operations, and that they are not a financial counterparty as defined in Article 2(8) of Regulation (EU) No 648/2012.
Secure the exchange rate for a future settlement
Create a free account, complete verification and submit a Term exchange order through the platform. This allows you to provide your account manager with the key details of your planned transaction straight away.
Have questions? Call us on +48 22 647 50 30