Classification of forward foreign exchange contracts: According to the starting period of the forward, forward foreign exchange contracts are further divided into direct forward foreign exchange contracts (Outright Forward Foreign Exchange Contracts) and forward foreign exchange comprehensive agreements (Synthetic Agreement for Forward Exchange, referred to as SAFE) .
A direct forward foreign exchange contract refers to a foreign exchange contract in which the forward period starts directly from the time of signing the contract and is delivered on a specified date. payments.
Forward foreign exchange comprehensive agreement refers to the agreement between the two parties that the buyer purchases a certain nominal amount of the original currency from the seller in the second currency at the direct forward exchange rate on the settlement date stipulated in the contract on the settlement date , and then on the expiry date, according to the contract stipulated in the contract. An agreement to sell a nominal amount of the original currency to the seller at a direct forward rate on the expiry date. That is: a forward foreign exchange agreement calculated from a certain point in the future, that is, the forward exchange rate currently agreed at a certain point in the future, which is essentially a long-term forward.