Why your funds are safe and secure with Smart Currency Business
London-based Smart Currency Business, the corporate division of Smart Currency Exchange Limited, has been serving tens of thousands of companies across the UK since it was founded in 2009.
FCA and HMRC authorisation and regulation
We are fully authorised by the Financial Conduct Authority. Our registration number is 504509.
We are fully regulated by HMRC. Our registration number is MLR 12198457.
Fully segregated client accounts
We hold all our client funds in fully segregated accounts with tier-1 banks. What that means is that your business’s money is separated from our operating accounts and client funds are therefore protected.
We’re not just bound by the Data Protection Act but we also have additional processes and procedures in place to ensure that our clients’ personal information is handled appropriately. Smart Currency Business is registered with the Information Commissioner’s Office under registration reference Z8937930.
We are privately-owned, debt free and we have a strong balance sheet. Our board is prudent and risk adverse, with all profits being reinvested back into our businesses.
Why our clients trust us…
A strong credit rating:
Refinitiv credit risk rating of 89 (of 100), implied rating of A+ and a probability of default of 0.09%. Creditsafe rating 59 (Low Risk).
Systems and controls designed to deal with risk:
All trades are matched with our counterparties. We do not run a proprietary trading function nor do we run positions against client trades. Our execution risk is therefore eliminated at the time of dealing.
All client funds are held in segregated accounts:
This means that in a worst-case scenario, client funds are fully ring-fenced and protected.
A full suite of insurances:
Full suite of insurances for Public Indemnity, Public Liability, all business risks, ‘Directors and Officers’ and Cyber risk/liability.
Your details and funds are guarded by specialist software to ensure a secure currency exchange environment.