Foreign Exchange
Our dedicated team of foreign exchange relationship management professionals shepherd our clients’ foreign exchange deals from inception to completion, offering valuable market insight and advice along the way. In keeping with our customer-focused approach to business banking, our FX specialists pride themselves on maintaining an in-depth knowledge of the industry sectors in which our clients operate, making them valuable advisory partners as well as efficient deal-makers. With our team, even the most complicated deal will be handled flawlessly and efficiently from start to finish, with all the knowledge and personal attention you would expect from your own treasury department.
As an Anglo client, you will not only enjoy close attention from your relationship manager; you will also benefit from our quick credit turnaround and competitive rates. While other business banks can take a week or more to approve an unsecured credit line for foreign exchange facilities, Anglo’s credits team can give approval in a matter of days. And, when it’s time to book your deal, you will enjoy transparent, competitive pricing and fast settlement—next day is standard, but same-day delivery is often available for those deals where time is truly of the essence. Finally, every FX deal booked through Anglo is free of wire fees, so you can rest easy knowing that there will be no additional hidden costs associated with your deal’s execution.
Services we offer include:
Spot foreign exchange in all major currencies, including cross-currency transactions.
A method of buying or selling foreign currency whereby the value date follows within two working days of the trade date. Products commonly “sold at spot” include foreign currency drafts, outward payment orders or telegraphic transfers, and inward payments.
Forward foreign exchange
A foreign exchange transaction in which the client secures an exchange rate today for delivery on a future date.
Foreign exchange derivatives (options, hybrids, etc.)
Foreign exchange transactions which hedge the client’s exposure to movements in the foreign exchange markets. These are especially suitable for companies which have regular, sizeable payments or receivables in foreign currency.
Talk to Us
Please contact our foreign exchange team to find out more about how our streamlined business model and in-depth industry knowledge can help your business get the most out of your foreign exchange transactions.