Cornhill Foreign Exchange

Cornhill Foreign Exchange offers its clients exceptional exchange rates for international currency transfers and a bespoke service with access to forward contracts and currency options to help manage your exposure to exchange rate fluctuations.
 

Many plant machinery dealers are currently booking their transactions through their bank on the day rate system, which means they are regularly losing out by as much as 5% of the transaction amount due to the exchange rate they receive on every transfer. This is because the rate they are being offered is further away from the market rate, or interbank rate, than the rate they would receive through a specialist broker. On the purchase of a €200,000 machine this could cost as much as €10,000 before taking into account movements in the currency market.

Types of transactions offered by Cornhill Foreign Exchange

Spot Deal

A currency transaction, at a specified rate, on the day the transfer is required.

Forward Contract

A forward contract is essentially a “buy now, pay later” contract. This type of deal allows you to fix an exchange rate for a currency trade which you are planning to make in the future. The main benefit of using this method is that your exposure to the foreign exchange market is known in advance, and the pricing of any export or import will not change should the rates fluctuate.

Market Order

A market order is an instruction given to transact a currency exchange at a given rate. Your currency will automatically be purchased if the market reaches this level at the rate required. This product is particularly useful when the market is moving in your favour, and it is possible to take advantage of attractive prices after London closes as the order will be effective around the clock-until you tell us otherwise.

 Service provided by Cornhill Foreign Exchange

 

Market Insight

Our corporate dealers will monitor the market with your requirements in mind. Without the time to constantly monitor ever-changing market activity, clients may be missing out on significant opportunities to maximize their savings on currency transactions.
We will keep you informed of any movements in the markets that may impact on your currency needs.

Security

 

Segregated Accounts

We safeguard your money to ensure that it is only used for trading purposes or otherwise fund your payment transactions. When buying currency from us, your funds are segregated internally and held in a separate account at one of our banking providers until such time as we receive your instructions to pay the monies away.

Data Protection

Any personal data we collect from you, or that you provide to us, will be treated fairly and lawfully and in accordance with the Data Protection Act. Your personal data will not be provided to any third party without your written consent.

Cornhill FX | 4th Floor | 18 St Swithins Lane | London | EC4N 8AD

Direct +44 207 710 9635 | Tel +44 207710 9620 | Fax +44 207 710 9660

Web www.cornhillfx.com Email info@cornhillfx.com