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.