Products
We will design a currency solution for you or your business utilising the various tools at our disposal. Our primary aim is to deliver a service that not only saves you money and/or increases the profitability of your company but also increases the efficiency of your international payments and receipts. We have a range of currency products to ensure we can handle any requirement.
- Same day contracts Allow you to make same day trades and international payments in Euro (EUR), US Dollar (USD), Canadian Dollar (CAD) and Pound Sterling (GBP). Learn more
Description
Payment is expected same working day or next working day respectivelyWhy Use It?
You need the currency immediately for an urgent currency payment.
- Next day contracts Allow you to make international payments for next day value in nearly every currency imaginable (GBP). Learn more
Description
Payment is expected same working day or next working day respectivelyWhy Use It?
You need the currency immediately for an urgent currency payment.
- Spot contracts confirm a rate today for payment within two working days . Learn more
Description
This is the most common contract type and needs to be settled within 48 hours of agreeing the contract.
Foreign currency funds can either be transferred immediately or held on account for future use.Why Use It?
You need the currency immediately.
To take advantage of a beneficial rate and hold funds on account.
- Forward contracts Fix a rate now and pay at a specified date in the future. Learn more
Description
This is for the purchase or sale of a currency on a fixed future date. A small deposit (5% - 10%) is required when the contract is made with the remainder due before the completion of the contract.
A forward contract will guarantee an exchange rate for a future date, regardless of subsequent market fluctuations.
Forward rates are calculated using the prevailing spot rate at the time of booking and the interest rate differential between the currencies involved and vary depending on the length of the contractWhy Use It?
If you do not have all the funds currently available.
To guarantee a rate for a future date.
To take advantage of a favourable rate.
To protect against market fluctuations.
To benefit from the flexibility of draw-downs and rollovers.
- Flexible Forward contracts Fix a rate now and pay in a window of time in the future. Learn more
Description
This is for the purchase or sale of a currency on a fixed future date. A small deposit (5% - 10%) is required when the contract is made with the remainder due before the completion of the contract.Why Use It?
If you do not have all the funds currently available.
To guarantee a rate for a future date.
To take advantage of a favorable rate.
To protect against market fluctuations.
To benefit from the flexibility of draw-downs and rollovers.
- Stop Loss Order This is for the purchase of currency that is required imminently. Learn more
Description
This is for the purchase of currency that is required imminently, where the purchaser wants to wait to see whether the market moves in his or her favour, but needs to achieve a minimum rate if the market moves in the opposite direction.
The purchaser places a stop loss order at a given rate and even if the rate moves below this overnight, the purchaser will still be able to secure currency at that agreed rate.Why Use It?
You have an imminent requirement for currency.
You want to benefit from market fluctuations but also want to limit your risk to unfavourable market movements.
- Limit Order An order to purchase currency at a specified rate of exchange that is not currently available. Learn more
Description
An order to purchase currency at a specified rate of exchange that is not currently available.
An order will be triggered automatically should the desired exchange rate be reached.Why Use It?
You do not need the currency immediately.
You have an ongoing or future currency requirement and want to secure a beneficial exchange rate.
- International payments
- Make SWIFT payments to any destination account worldwide
- International receipts
- Let us take the hassle out of multi currency accounting
