We have the technology and products to effectively and efficiently deliver your currency solution. Whether it’s a straight swap of funds for currency or fixing a rate of exchange for a specific date, we’ve got you covered.
A Spot Contract is a straight swap of funds for currency. It is payable within 2 days or sooner depending on what was mutually agreed.
Out of all our products, a spot transaction is certainly the most commonly used along with being the fastest and simplest. Predominantly used by our clients when looking to make a same day payment; spot transactions can be booked over the phone or via the online platform. We offer you a live rate at your agreed margin form interbank which only you then decide on whether to accept or not, this can be booked on a same day, next day or spot basis (2 days to settlement). Funds are then released and for most currencies we provide, they arrive same day when international banking times are met.
Using solely spot contracts without considering the use of out other products can be an extremely high-risk strategy depending on how your business is exposed to FX. Given how volatile the currency markets can be from one day to the next, it is important to think about how market fluctuations could be highly detrimental to a company’s bottom line. If like many business you get 30-90 day terms with your suppliers you could and should be taking advantage of other currency products to protect against currency movements out of your favour and protecting your bottom line in the process. Forward contracts and market orders are typically the best option when considering protection and targeting specific rates.
Lock in today’s exchange rate for the next 24 months, and avoid the risk of exchange rates affecting you.
In recent years with huge uncertainty due to political pressures, macro and microeconomics forward contracts have never played such a big part in your business planning and protection. When market fluctuations is a concern for a company’s profit margins and internal budgeting; forward contracts can be used to keep your pricing competitive within your market place. Simply tell us how much volume you would like to lock in on today’s rate and if you are happy with the price we can execute the transaction securing a fixed price giving you peace of mind that currency fluctuations will no longer impact your margins. We have a number of hedging tools and strategies we can help implement dependent on you, your risk appetite and your requirement.
As we know every client’s needs are unique and bespoke, below you will find a number of different scenarios where we would recommend considering implementing a forward contract. Your dedicated dealer will take time in your FX health check to discuss a strategy that fits your timescale, current market conditions and future economic uncertainty.
Target a specific rate 24/7 higher than the current market rate.
Depending on your budget rate you may require to achieve a specific rate higher than where the market is currently trading. To achieve your goals and hit the levels you require to breakeven or even better make profit a limit order is the perfect tool when targeting a specific exchange rate. Once your targeted level is met your currency will get bought automictically. Once purchased you can either settle the trade and have the currency paid out immediately, alternatively we can roll this transaction into a forward contract. We will work with you using technical market analysis to target exchange rates that are achievable by studying support and resistance levels on your behalf. The beauty of this product is once the market order is placed it stays live 24/7. So if your desired rate hits overnight you are still able to take advantage of the market movement.
Set a worst case scenario exchange rate to protect your downside risk.
A stop loss works in the same way as a limit order; but instead of specifying a target rate at which you want to purchase currency, you simply specify the worst case scenario you are willing to exchange at offering you a level of risk you feel comfortable with. With markets being more unpredictable than ever, this product ensures that if the markets do turn in a negative fashion, you will have a peace of mind and again your margins are protected. Clients can optimise both products at the same time.
It is worth taking note that limit orders and stop loss orders can be implemented in unison as part a business’s currency risk management strategy. By putting both in place you are able to try and achieve a favourable exchange rate (limit order), but at the same time protecting yourself against unfavourable market moves (stop loss order). It is important to know that if both a stop loss and a market order are worked together if one fills the other is automatically cancelled.
Do you sell into or receive funds from overseas? We have the solution. At Capex we have the ability to roll out foreign currency collection accounts in your own business name through our partners. Yes, in your business name. Completely free of charge and set up on the same day. Unlike your bank where there is a cost involved and the wait time is often more than two months. Your own completely unique named account will be set up with the capability to be based in both the UK or the country you are selling into or receive from.
With just one Iban, the e-money accounts can receive up to 38 different currencies. Your supplier simply pays into the account, you are then notified as soon as funds credit. Your relationship manager will then be in touch to update you on the market and help time your repatriation or trade.
You are now selling your currency when it suits you and when the market is in your favour as opposed to when your marketplace or bank dictates. Funds are safeguarded by our FCA-regulated e-money partners, in your own business name with full visibility what’s not to love?
Time wasted keying up payments? Make multiple international payment seamlessly, simultaneously with the click of a button. Let our technology work for you. Capex Mass Payments allow you to save time and money by simplifying and streamlining your global payments process. Our solutions enable you to process, execute and pay multiple currencies quickly, easily and securely.
Handle up to 1,000 payments with a click of a button. No need to manually pay out to all your vendors or employees. Reducing time spent on admin whilst we take on the bulk of your work. Complete a singular spreadsheet with the details for every payment you want to make. Then make one transfer to cover the entire batch. We then do the rest ensuring payments are made correctly, in full to your suppliers.
Our online platform is not only award-winning but designed to give clients fast, reliable 24-hour access to all major and a wide range of exotic currencies, as well as comprehensive trading tools. Our sophisticated yet easy to use dashboard provides functionality to make multiple international payments, allows you to cover off and book currency deals. Gives a clear and transparent transaction history view of all past trades and payments, and access to a pool of easily exported reports.
The platform is built using secure encryption technology and offering the highest levels of security which are compliant with ISO27001. In addition, multi-user functionality can be introduced; allowing clients to offer different levels of permissions to different users. Payments can now be keyed up but not released until a director authorises.
Our online platform is available 24/7 days a week so it’s ready when you are.
You can log in within seconds giving you access to buy or sell currency, make payments and see all historical transactions.
Our platform will check your beneficiaries details prior to making payments - and discrepancy or errors will be highlighted; guaranteeing accuracy of payments.
Paying multiple recipients online simultaneously. Instead of typing in each recipient's payment information separately.
In addition to our automated email confirmation the official bank MT103 is uploaded onto the platform as soon as funds are released.
See all your previous transactions and payments with funds in and funds out downloaded at the click of a button.