By offering your business access to a range of services which can be tailored to meet your individual requirements, TorFX can help you make the most out of every hassle-free currency payment.
Whether you’ve got a supplier to pay, foreign currency receipts from your customers, or multiple payments to make in different countries, we have a service to suit.
Obtaining a competitive exchange rate is vital if your company wants to limit profit erosion, but taking a proactive approach to managing your current and future exposure is equally important if you want to budget effectively.
So what services do we provide?
With this form of contract currencies are exchanged ‘on the spot’ – meaning we secure you the most competitive exchange rate available whenever you need to buy or sell a currency for immediate settlement.
Forward contracts can be particularly useful when budgeting for a future currency exchange as they allow you to fix a rate in advance. With TorFX you can fix the rate up to two years before you need to send or receive the currency, giving you far greater flexibility and security while supporting your financial planning.
We can also help you optimise your trading with different order types.
If you don’t want to trade at the current rate you can leave a Limit Order with your Account Manager targeting a specific exchange rate. We will automatically execute your trade when your target rate becomes available.
If you don’t want to trade at the current rate but are concerned that it may worsen and wish to control this risk you can ask us to execute your trade if the exchange rate deteriorates to your specified level. This allows you to wait for a better rate, but lock in a worst-case rate should the market move against you.
Some clients use a limit order and stop loss order together, protecting against risk and guaranteeing that the exchange will be within a certain range.
The markets are constantly moving, so our dealers will monitor your orders and keep you informed. Orders can be adjusted or cancelled at your instruction at any time prior to being fulfilled.
You will not be asked for any payment until your order has been fulfilled.
As soon as you register your business with TorFX it will be assigned a dedicated Account Manager to oversee all of its foreign currency requirements and international payments. You’ll also benefit from having access to in-depth analysis prepared by market technicians, whose fundamental and technical approach to gauging currency trends can help you minimise risk and optimise the timing of your transfers.
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For more information or a quote call our Corporate Team today on 0800 612 6028