Foreign Exchange

Our integrated Foreign Exchange and Invoice Finance facility works by:

• You raise an invoice to your customer and we advance an agreed percentage of the invoice value within 24 hours, minus our fee. You then request a currency exchange.
• We then check to see how much funding you have available and agree your exchange rate. If you don’t have sufficient funding available, then you can transfer top-up funds
• We use the money from the funds available to convert it to the currency you need and make payments on the same day or on the scheduled date of your choice. 

Our Foreign Exchange service combines Trade and Export finance with payment services, enabling you to manage your invoices in the currency of your choice.  

If you export trade internationally and want to reduce the exposure of currency fluctuations, then you are ideally suited to our Foreign Exchange services.  

When bringing you onboard we will work you to make sure you get exactly what you need. This means that the length of time to have everything in place can vary depending on how complex your business situation is. We work flexibly, from the point of meeting you to understand your needs. Generally, we can set up a facility in a matter of days, however this depends on the speed in which we can access the information we need.

We trade in 65 foreign currencies which means it is highly likely you will be able to deal with suppliers in their own currency if they wish. This flexibility will, in turn, help you build stronger relationships with your suppliers.

If you need to exchange more funds that are available through your Invoice Finance facility, you can top up or transfer funds from elsewhere. Also, your funds will be in one place, eliminating the need to transact multiple times and keeping the money right up until you wish to exchange it.