Online Confirmations of Forward Deals
The online confirmation feature of the forward contract system enables you to view and accept forward confirmations online. Confirmations are available for your acceptance within 24 hours of your booking the deal, thus reducing the time involved in their manual dispatch. Besides, the online platform serves as a database where you can view past confirmations with history.
The features of the system
- It is fast: You can now accept a forward deal within 24 hours of booking it.
- Confirmation of a trade is available anytime anywhere even while you are on the move.
- There is the facility of single/joint acceptance by authorized signatories.
- Discrepancies, if any, receive early resolution: As you can view the details of your forward deal within 24 hours of booking it, inconsistencies (if any) can be settled promptly.
- Generation of reports of accepted/pending contracts and the pending underlying enables tracking of forward contracts.
- Secure network.
The process of registration
An Online Confirmation application form needs to be handed over to the Solution Manager or to the FX Channels team. In the case of a change in the authorized signatory, the board resolution / partnership letter / sole proprietorship letter (as the case may be) needs to be submitted along with the documents.
We will send you your user IDs and passwords soon after we receive the documents. For more information please call us at our Corporate Care numbers.
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