Foreign Exchange Services for Businesses
Corporate financial controllers, relieve yourself of some of the financial burden today.
If you are the financial controller in your business, you may be interested to know that many corporate clients are using a relatively small foreign exchange company and are retaining more of their profits today, than their competitors.
How?
They are using the services of a specialist currency conversion business to buy, or sell, their currency in a pre-planned manner. By doing this, the currency service provider is managing to shave off large amounts of profit that their usual fx supplier makes.
Because the currency exchange company only converts currency for physical delivery, they trade considerable volume every day. Because they trade large currency volume, they can buy at a discounted rate from their treasury provider, in this case, Barclays Bank.
Bottom line? …. Buy your currency through a FX dealer who buys in bulk and use their discount to get a much better rate than at your own bank.
Most businesses don’t have the time to consider how much of a difference it would make to their bottom-line if they used a foreign exchange dealer, other than their bank. One phone call, or email, could save thousands on each transaction.
- Easy Online registration
- Dedicated corporate dealers
- Client segregated accounts
- Competitive transfer fees, in some cases, no charge.
- Inbound & outbound payments
- No contractual obligations
More information on FAQ’s for corporate foreign exchange transfers here.
Save your company money and make life easier.
Specialist offers Resale Property nr paphos, Cyprus
Looking for a beautiful resale property near Paphos, Cyprus? We have a selection of resale property in the Paphos area. Cyprus is a wonderful place to own a holiday home, or even move to, and Paphos has everything you would need on your doorstep. If you use a specialist in resale property, you will be able to use all of their local knowledge to find that perfect home in Cyprus.
A beautiful 3 bedroom detached villa situated in a quiet street of Emba village with close proximity to Tala. This unique and modern design has been constructed to the highest quality. A large private pool is set into landscaped gardens with added Jacuzzi and built in BBQ feature to enjoy.
Sea and Mountain Views
Detailed information
Inside has an open plan living dining area with seperate kitchen featuring granite worktops and plenty of storage space. The three well sized bedrooms are situated on the first floor. The master has its own en-suite bathroom and access to a balcony which overlooks the surrounding hillside villages right down to the stunning Paphos coastline.
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Paphos and Suburbs, Paphos, Cyprus | ||
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€ 340,000 | ||
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Villa/ House | ||
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For Sale | ||
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3 | ||
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2 | ||
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122 m2 | ||
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Private | ||
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Private | ||
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335 m2 | ||
Currency Rates
Currency Exchange and Currency transfers for your Property Purchase Abroad.
The Foreign Currency Exchange market is the world’s largest financial market, in excess of 1.5 trillion US dollars are being exchanged daily.
The process of Foreign currency exchange transfers couldn’t be easier. and as most services – money transfer is a free service with our Foreign Exchange partner.
However, be aware that some companies make charges for transfering money abroad.
Here is a simple 3 step guide:
Step 1. Open an account
Complete an application form and ensure you have usually two forms of ID: (1) photographic (2) proof of residence.
Step 2. Buy your currency
Speak to a currency dealer and they will give you the current market rate. If you are happy with the quotation they will buy the currency on your behalf. This trade is usually confirmed in writing by way of a deal receipt and usually provides instructions on how, when, and where to make payment for your currency.
Step 3. Get your currency
Once cleared funds are received by your dealer, they will promptly transfer your exchanged currency to any bank account of your choice, worldwide, the same day.
Other than just choosing any particular day to exchange your money, you could choose other dates to make the currency exchange. It may be that you have decided to buy a new property that won’t need the final balance to be paid until 18 month’s time. In this case, it may suit you to do a ‘spot deal’ today for the deposit and arrange for a ‘forward deal’ for the final balance. By doing this, you will have just ‘fixed’ the purchase price to your home currency and will have ensured that you don’t get caught out by a weakening home currency, or a strengthening one in the country of your purchase. This can save people thousands.
Here are 4 basic types of transaction:
• Spot Contract
A spot contract is undertaken when you buy currency at the prevailing exchange rate at the time of the transaction and make payment within two working days. This transaction is typically used for deposit payments on property or for full payment if the funds to pay for the transaction are available.
• Forward Currency Contracts
A forward contract is undertaken when you fix the exchange rate now for a specific date from one to 24 months in the future. As an example, your final payment for a home abroad may be the equivalent of £100,000. You could fix that exchange rate today with a small deposit, and pay for the bulk of that transaction at the completion of the forward contract. To guarantee the exchange rate, private clients will have to pay for at least 10% of the value straight away (a margin deposit) and the balance on or before the maturity of the contract.
• Time-Option Forward Contracts
You may also reserve a time-option forward contract. This contract allows greater flexibility in paying. For example, a property developer may give you a date of December 2008 as an approximate completion date but may tell you it could take a bit longer. Your dealer may recommend that you set a date for your forward contract of February 2009 and you are free to settle that contract anytime before the maturity date with no penalty.
• Limit Order
Limit Orders allow a client to set the rate at that which they would like to exchange their currency. Our foreign Exchange partner will monitor the market for you and if the rate can be achieved, we will purchase the currency on your behalf. We would then notify you of the due date for your payment. This is particularly important for contracts of substantial value where a small currency fluctuation may have huge implications.
Getting Started
If you would like further information please call our Private Client Desk on 01480 458400. You may also register online with us. We will contact you to activate your account. In order to complete the registration process, we require two forms of identification. Please also provide us with a copy of your passport or driving licence and a utility bill, council tax bill or landline telephone bill with your address.
The value of your foreign currency can be fixed for a given period ahead. If you don’t wish to transfer your money now, you can book the rate of exchange now, for a date ahead.
To discuss how best to make a currency exchange into euros at the best rate, talk to a foreign currency exchange specialist. visit fx-foreignexchange,
