Home > How to draw down from a flexible forward
How to drawdown from a flexible forward
Step 1:
Navigate to ‘Foreign exchange’ on the left side navigation bar.
![](https://cdn.marmot-cloud.com/worldfirst/sites/15/2024/01/1701733075655-9bd3d2f4-f2bf-4d99-b3ed-98ccaa97f792.png)
Step 2:
Click on the ‘FX trades’ tab under ‘FX activities’ and click on ‘Available’.
![](https://cdn.marmot-cloud.com/worldfirst/sites/15/2024/01/1701733133898-84a5f7c6-a5c5-4ffb-8302-b7a5b5663e45.png)
Step 3:
Find the flexible forward you want to drawdown from, and click ‘Add payment’
![](https://cdn.marmot-cloud.com/worldfirst/sites/15/2024/01/1701733174724-fe36bcff-0f39-4842-951d-6325aa98d62e.png)
Step 4:
Select the payee you wish to make your drawdown to, or choose to drawdown your contract to your WorldFirst account balance.
![](https://cdn.marmot-cloud.com/worldfirst/sites/15/2024/01/1701733273943-7b529c48-72da-418b-8776-8a26d2fe8512.png)
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.
![](https://cdn.marmot-cloud.com/worldfirst/sites/15/2024/01/1701733377315-80b5c486-a8d0-4280-a386-c02e0f111857.png)
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.
![](https://cdn.marmot-cloud.com/worldfirst/sites/15/2024/01/1701733435133-e45d03a0-02ed-4e6f-86e9-a62548b58808.png)
Step 7:
Confirm your payment via your Authy app, or SMS code.
![](https://cdn.marmot-cloud.com/worldfirst/sites/15/2024/01/1701733480457-a8d4774c-7036-4e10-a449-2ea7ca7efc3a.png)
Step 8:
Review your drawdown details, and if you are happy to proceed, click ‘Confirm payment’.
![](https://cdn.marmot-cloud.com/worldfirst/sites/15/2024/01/1701733522772-72f08a51-e4fd-4cad-ad17-c8bf2daf3c78.png)
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.
![](https://cdn.marmot-cloud.com/worldfirst/sites/15/2024/01/1701733572404-7b6c1f97-f843-4578-bcb9-91fa6d114ed2.png)