At Foreign Currency Direct plc we offer a number of different contract options which can be tailored for corporate clients to help manage your foreign exchange exposure. Which of our 4 contract options you choose will depend on whether your priority is speed, a specific exchange rate or minimising your risk. All our contract options are execution only and non-speculative so you can guarantee your funds are safe.
The team on our corporate desk are experts in their field and assist corporate clients in many different sectors all with very different requirements and so they are perfectly placed to discuss your organisations currency requirements and the contract options available to you. It is through these different contract options and our experienced team of currency brokers that we can save your company money on your currency transfers. On top of the savings our team of corporate traders will be your eyes and ears on the market making sure you are kept informed of all the latest currency movement. If you would like to be included on the weekly corporate desk’s currency report and projections please email our Head of Corporate Trading Peter Hatch on pfh@currencies.co.uk
Our experienced currency dealers are happy to explain the options available to you. Simply request a call back.
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Spot Contract
When you need your currency transmitted fast
Once the contract is agreed you need to get the money to us within 2 working days. When payment clears we arrange onward payment to the specified beneficiary. Internationally funds are sent via SWIFT – the fastest international payment method.
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Forward Contract
When you want a fixed exchange rate for up to 2 years
You pay a small deposit to fix the exchange rate. Once the contract is agreed, regardless of market fluctuations, you know exactly how much currency you are buying. Perfect if you want to budget and protect yourself from market volatility.
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Limit Order
When you have a target exchange rate and timing isn’t crucial
Placing a Limit Order means that when the market moves to your specified rate, our system automatically purchases your currency, letting us work as your eyes and ears in the market.
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Stop Loss
When you don’t want to trade below a certain exchange rate and timing isn’t crucial
This allows you to protect yourself against adverse market movement by putting a lower limit on the price at which you are willing to buy. If the market drops to that level, you have guaranteed that you will get an exchange rate no lower than the one you specified.
