Do I need to wait until my Forward Contract matures to use the currency?
You have the option of early delivery at any point during the contract’s lifetime. For example, if you have bought €50,000 for use in 12 months, in 3 months’ time you could decide to make a payment using €10,000. When your Forward Contract matures you will need to settle the remaining amount. If you choose to deliver earlier than your agreed maturity date, the exchange rate may differ to your original contract.