Corporate Foreign Exchange
With Currency Matters you will benefit from our expertise in the foreign exchange market. We will help you secure the best exchange rate and eliminate your currency risk. Your dedicated account manager will be familiar with your requirements, be available to answer any of your questions and will help you determine a suitable strategy.
- SPOT FOREIGN EXCHANGE
This is the traditional foreign exchange contract where you buy a currency for settlement in two working days. Upon settlement we will make a payment according to your instructions.
- SAME DAY / NEXT DAY FOREIGN EXCHANGE
We can offer same day and next day settlement for some of the major currencies, depending on amount and availability.
- FORWARD CONTRACT (FIXED DATE)
A Forward Contract is one which is agreed for settlement at some fixed point in the future, after two working days. The forwards price is based on the current spot price and adjusted for the interest rate differential between the currencies being bought and sold. This forward rate may be more or less than the current Spot price.
- FORWARD CONTRACT (VARIABLE DATE)
Similar to the description of the Forward Contract, except settlement is agreed to occur between two dates, which is at the client’s discretion rather than on a fixed date. This is useful when you don’t know precisely when you would need to settle with your counterparty.
- MARKET ORDERS
Currency Matters offer the facility to place market orders either on a ‘limit’ basis or on a ’stop’ basis. For example, you can place a limit order to buy your currency at a predetermined price, above the current rate. Alternatively you can place a stop order to buy your currency at a predetermined rate, below the current rate. We can also work orders on a ‘one cancels other’ basis, so if you have both a limit and a stop order in place, and one is executed, the remaining order is automatically cancelled.
- MARKET NEWS AND COMMENTARY
You can receive market commentary and news updates by email or by telephone if you prefer. You can contact your account manager at any time with any query at all.