Match a business currency need to spot, forward, or FX swap based on timing and reversal.
Three needs, one vague request The same team needs EUR today, has a EUR receipt in two months, and wants EUR funding for one week. One vague request creates three bad comparisons because timing and reversal differ. Instrument fit Timing plus reversal Spot, forward, and swap map to different cash-flow shapes. Name the shape first. Shortcut Ask for "best rate" without naming value date or reversal. Each cash-flow shape gets a quote that can be compared and confirmed. Product names are less important than the cash-flow job they perform. 01 Today 02 Future 03 Reverse Payment today Immediate conversion
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