Four things we do. One line to do them.
Spot, forwards, a written hedging policy, and the accounts to hold it all in. Each stands on its own. Together they are how a company stops paying a margin it never knew it was paying.
Spot, at institutional pricing.
A spot trade converts one currency into another and settles the same day. We price from interbank liquidity in more than 130 currencies and disclose our margin, so the rate on your confirmation is the rate you were quoted, and you can see what it cost.
Who it is forImporters paying foreign suppliers. Exporters converting receipts. Any company that moves five- and six-figure sums more than a few times a year and has never been told what the bank keeps.
How it worksYou call, or we call you. One quote, dealable for as long as it takes to say yes. Funds settle to the beneficiary from the same instruction, and a confirmation is in your inbox within minutes.
Get a complimentary analysisA person who knows your book answers the line. No queue, no ticket.
Agreed before you trade, printed on every confirmation.
Funds settle the day you trade.
The converted funds go straight to the beneficiary. No second transfer, no second fee.
Next quarter's margin, known this quarter.
A forward fixes today the rate at which you will buy or sell a currency on a date in the future, out to twelve months. A window forward names a period instead of a date, so it fits an invoice that pays when it pays. There is no premium: the forward rate is the spot rate adjusted for the interest-rate difference between the two currencies.
Layered programsOne forward for one invoice protects one invoice. A layered program hedges a share of the next twelve months' exposure in tranches, adding a layer each month as the calendar rolls forward. The rate you carry is an average across many days, coverage is never all-or-nothing, and no single afternoon in the market decides your year.
Who it is forManufacturers and distributors whose cost of goods is in US dollars. Exporters with receivables in a currency their costs are not. Any company that has to quote a price today for something it will pay for in six months.
Get a complimentary analysisIllustrative. Ratios and tenors are set in your hedging policy, with your board, before anything is placed. Each layer is 25% of the month's exposure.
The risk, written down.
Every foreign-currency payable, receivable and balance, by currency and by month, for the next twelve. It is built from your payables and receivables aging and your budget, not from a questionnaire. Most companies have never seen theirs on one page. Most are surprised by it.
The policyA hedging policy is one page: what is hedged, how much of it, how far out, which instruments, who may trade, and what triggers a change. Your board approves it once. Your auditor can follow it. We execute inside it and nowhere else.
The quarterly reviewEach quarter we sit down with the map, the policy and the trades, and ask whether all three still agree. When the business changes, the policy changes with it, in writing.
How the engagement runsHow much of each month's exposure is covered, by tenor.
How far out the desk may place cover.
Forwards and window forwards. Nothing the board has not approved.
Who may instruct a trade, and up to what amount.
Quarterly, with the board pack, and whenever the business changes.
Capital that keeps working.
Hold US dollars as US dollars and euros as euros. Receipts stay in the currency they arrive in until the day it makes sense to convert them, instead of being converted on arrival at whatever rate the receiving bank chose. Payables in the same currency are paid from the balance with no conversion at all.
PaymentsOutbound payments in more than 130 currencies from the same instruction as the trade. Beneficiary details are held on file after the first payment, and every payment is confirmed the day it is sent.
Who it is forExporters who receive foreign currency. Companies with foreign payroll, a subsidiary abroad, or suppliers and customers in the same currency.
How client funds are heldHeld separately from the firm's own funds. The Regulatory page and the client agreement set out how.
Receipts pay payables in the same currency. Nothing is converted twice.
Trade and payment together, confirmed together.
Monthly, by currency, in a form your accountant can use.
Start with the number.
A cost review reads twelve months of your statements and tells you what your bank has been charging. There is no fee, and no obligation.
Get a Complimentary AnalysisCONSULTATIONS BY APPOINTMENT