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Learn how to get the most out of your World Account.

How to drawdown from a flexible forward

Step 1:

Navigate to ‘Foreign exchange’ on the left side navigation bar.

Step 2:

Click on the ‘FX trades’ tab under ‘FX activities’ and click on ‘Available’.

Step 3:

Find the flexible forward you want to drawdown from, and click ‘Add payment’

Step 4:

Select the payee you wish to make your drawdown to, or choose to drawdown your contract to your WorldFirst account balance.

Step 5:

Enter the buy or sell amount you would like to drawdown.

Please note: you may only drawdown an amount which is equal to or less than the ‘Available’ amounts displayed on the right of the screen.

Step 6:

Select the payment date for your drawdown and click ‘Next step’.

Please note: the payment date you select will also be the date you will need to settle your drawdown.

Step 7:

Confirm your payment via your Authy app, or SMS code.

Step 8:

Review your drawdown details, and if you are happy to proceed, click ‘Confirm payment’.

Step 9:

All done! Your drawdown is now booked.

Please ensure you have a sufficient balance on your drawdown date to avoid any delays or cancellations.