Receiving International Payments the Smart Way…
After your free, no-obligation, Smart Trading Facility is up
and running, receiving currency transfers can be as cost-effective and easy
as 1, 2, 3:
Call your dedicated Smart Trader with the inbound payment
amount(s), date that the payment will be made and origination currency.
Your Smart Trader will discuss your objectives and then
outline your money-saving options to request a Spot, Forward, Limit Order, or Stop
Loss. (More information on each option).
Once you agree the currency transfer option that best suits your organisation,
you simply need to instruct the overseas bank (or payee) to send the funds to Smart’s
designated currency client account. The funds will then be received,
exchanged (at better-than-bank rates) and forwarded onward to your UK bank or onward
beneficiary.
Let’s consider a Smart example on transferring currency…
Bob called his dedicated Smart Trader, James, and noted
that an currency transfer from America was due to be sent to him at the amount
of $250,000 in one month's time.
Smart Trader James explained that Bob could sell the dollars
for sterling today for $1.51 to the £1.00 (3% better than the bank was offering
Bob) or he could reserve the currency today for a 5% deposit and send the remainder
due in 30 days. By doing this Bob would be able to ensure the rate would change
(and affect his budget).
Bob agreed to purchase a Forward Contract and used the Internet
to send the required 5% from his bank to the Smart client account. A few days before
the contract due date Bob's dollar currency transfer came into the Smart Account. The money was received,
cleared and instantly sent to Bob’s bank.
By agreeing to purchase a Forward Contract from Smart 1 month in advance, Bob saved
£9,312.91. Had he waited until the day that the funds arrived, he would have had
to accept the rate of 1.60.
Start saving money the Smart way on your next currency transfer – open your no obligation, free Smart Trading Facility
today. Apply Online.
Looking For More Information…
- Learn about all the money-saving options available for receiving an international
payment
- Read Smart case studies based on the industry:
- Get our FREE report that outlines everything you need to know about saving money
through the international payment process.
Collect your copy here.