Making International Payments the Smart Way…
After your free, no-obligation, Smart Trading Facility is up and running, making
an international payment is as cost-effective and easy as 1, 2,
3:
Call your dedicated Smart Trader with
the international payment amounts, due dates, origination currency,
the currency needed and destination country.
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 option that best
suits your organisation, you simply need to instruct your bank to send the funds
to the Smart client account. The funds will then be received, exchanged (at better-than-bank
rates) and forwarded to the overseas destination as per your instruction.
Let’s consider a Smart example…
Bob called his dedicated Smart Trader,
James, and noted that he had an international payment of €150,000
that was due on the 5th of May 2009.
Smart Trader James explained that
Bob could purchase the currency today for 1.17 (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 two months time. By doing this Bob would be able to ensure that the rate
would NOT change (and affect his budget) while giving him the option to keep the
95% cash in the bank (earning interest or as working capital).
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 then forwarded the remaining
95% of the contract.The money for the international payment was
received, cleared and instantly sent to the onward destination by Smart.
By agreeing to purchase a Forward Contract from Smart, Bob saved £5,723.44
because he reserved the rate at 1.17 two months in advance. The rate on the 5th
of May 2009 was 1.12.
Start saving money with the Smart international payment service – 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.