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Ebury adds limit-order requests to Hedge and forward drawdowns to its app

The update connects online order requests and existing currency hedges with treasury payments. Published UK agreements show why expiry and cancellation still depend on the contracting entity.

Ebury has added limit-order requests to its Hedge platform and enabled Window Forward drawdowns in its mobile app, according to product notices dated 29 October. The additions connect order submission and contracted currency balances with everyday treasury payments.[1]

Hedge users can request target rates for spot, fixed, window and flexible forwards, plus non-deliverable forwards where available. Ebury confirms orders, emails when they are filled and keeps current and past requests together in the platform.[1]

The mobile feature requires version 5.9.1 or later. It displays the selected forward’s remaining currency balances, maturity and booked rate. Payment review includes the exchange rate, inverse rate, fee and execution date.[1]

Entity-specific order terms

Ebury’s published UK corporate and Markets agreements both apply a reasonable-endeavours standard to limit orders and allow conversion at a different rate. Their expiry and cancellation provisions contain an operational distinction.[2][3]

Reference table01

Published UK limit-order terms

Published UK limit-order terms
Contracting entityExpiry if the final day is not a business dayCancellation before conversion begins
Ebury Partners UK LimitedPreceding business dayTelephone, or email acknowledged by EburySource 2
Ebury Partners Markets LimitedFollowing business dayTelephone or emailSource 3

An order ending on a weekend or holiday can therefore expire on opposite sides of that day depending on the agreement. The common platform interface makes the contracting-entity label relevant to order administration.[2][3]

Drawing down an existing hedge

A Window Forward fixes an exchange rate for use between two agreed dates. Ebury distinguishes it from a fixed forward with a specified future date and a flexible forward usable throughout the contract’s duration. This distinction explains the purpose of selecting an existing balance when making a payment.[4]

The forward-product guide also identifies the obligations that accompany the fixed rate: favourable subsequent currency movements are forgone, amendments or cancellation may cost money, and an adverse position may trigger a margin call. Access through a phone changes how the payment is requested; the agreed hedge still determines the currency obligation.[4]

Follow the evidence

Sources & further reading

  1. Ebury Partners Markets: relationship agreement, version 5.0 Ebury Partners Markets Limited · Accessed 30 Oct 2026

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