Manage foreign exchange risks

With a range of forward contracts, protect your business against currency volatility.

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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.
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Manage risk

Neutralise exposure to foreign exchange rate fluctuations

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Protect margins

Deploy currency risk management strategies, accessible to companies of any size and for any amount

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Flexible process

Leverage a single online platform for currency risk management, foreign exchange and payment operations

Choose duration and flexibility

Select your hedging strategy based on your needs.

Forward

Lock in a currency exchange rate to use at a set date in the future.

Forward

Guaranteed FX rate

Forward

Transparent rates

Forward

No hidden fees

Forward

Set usage date

Forward

Usage window

Forward

Multiple take-ups

Forward

Better FX rate applied at expiry

Maximum maturity 24 months

Flexible forward

Lock in an FX rate and use it at any time during a given period.

Flexible forward

Guaranteed FX rate

Flexible forward

Transparent rates

Flexible forward

No hidden fees

Flexible forward

Set usage date

Flexible forward

Usage window

Flexible forward

Multiple take-ups

Flexible forward

Better FX rate applied at expiry

Maximum maturity 24 months

Dynamic forward

Retain the possibility to obtain a better FX rate at expiry, if applicable.

Dynamic forward

Guaranteed FX rate

Dynamic forward

Transparent rates

Dynamic forward

No hidden fees

Dynamic forward

Set usage date

Dynamic forward

Usage window

Dynamic forward

Multiple take-ups

Dynamic forward

Better FX rate applied at expiry

Maximum maturity 24 months

A partner you can trust

Secure and reliable above all

Frequently asked questions

How is iBanFirst regulated?

iBanFirst is regulated as a payment institution (as per the European directive PSD2) and has been licensed by the National Bank of Belgium since 2013 under registration number 0849.872.824.

iBanFirst is authorised to operate in 30 countries of the European Economic Area, as per the free provision of services European directive.

As a licensed payment institution, iBanFirst is authorised to:

  • Manage accounts
  • Receive and execute payments
  • Execute currency conversions linked to payments
  • Set up foreign currency risk hedges linked to payments
  • Grant loans linked to payments
  • Connect to bank accounts (AISP)
  • Initiate payments from bank accounts (PISP)

PSD2 strictly regulates how payment institutions, such as iBanFirst, operate and manage client funds and payments.

At iBanFirst, we offer competitive and transparent foreign exchange rates and fees. Here you can find a complete overview of all our fees applied.

Unlike most corporate banks, iBanFirst does not charge any fees to open an account nor any monthly subscription fees.

iBanFirst earns a spread on every currency conversion, calculated as the difference between the market rate and the client rate. This spread is transparent and shown on the web platform or communicated over the phone.

iBanFirst currently offers over 30 currencies to open accounts, receive payments, hold funds and make payments. You can check the list of currencies available here.

iBanFirst prides itself on offering a very personal experience, from the first moment you inquire about our services to the time you decide to join us. Additionally, once you have an account, you can contact your customer success manager at any time to assist you with issues you might face, as well as your dedicated account manager who can assist with inquiries about our hedging solutions.

iBanFirst is regulated as a payment institution as per the European PSD2 directive, which strictly regulates how payment institutions, such as iBanFirst, operate and manage client funds and payments.

For instance, under the PSD2 directive, funds must be segregated from the payment institution's own funds and held at a custodian bank. Cash reserves must be held to guarantee the payment institution's solvency. Both measures guarantee that, in the unlikely event of iBanFirst’s insolvency, client funds would remain safe and secure and would be returned to the clients.

iBanFirst S.A. is duly authorised and regulated by the National Bank of Belgium (under CBE number 0849.872.824) as a payment institution. It is a direct member of the SWIFT network and is certified to make payments throughout the SEPA zone. As a payment institution, iBanFirst S.A. only offers hedging solutions (forward, flexible forward and dynamic forward) connected to underlying payment transactions. iBanFirst S.A. does not offer options or any other financial instruments for investment or speculative purposes.