Currency Contracts
Currencies 4 You have various different currency contracts and financial tools to help you obtain the most for your money. Your Personal Relationship Manager will be able to help identify the right type of contract for you, based on your specific requirements. Every one of our clients has different requirements and we understand this, hence why we work with you more closely to understand your time frame, budget and specific needs to help find the perfect solution for you.
Same Day Contract
If you need to make a payment urgently then a same day value contract is definitely the right contract for you, we can agree an exchange rate with you based on the live market price, and as soon as we receive your funds we will make payment to your destination all on the same day (sometimes can take a day or two depending on the time of day and destination country of payment).
Next Day Contract
If you are worried about the rate dropping, why not lock in the exchange rate today and we will give you until the close of business the next working day to make your payment to your account with us. This is an ideal way to get the rate secured and have an extra day to allow you to make payment when you have some free time.
Spot Value Contract
Forward Contract
An example of this would be a client buying stock from an international supplier. On the day you agree to buy your goods you will know the total cost in the currency required, your costs, however, will not remain the same due to the currency markets moving every 2-3 seconds. Your costs will fluctuate with it.
In 2016 some currency pairs moved up to 25% and if you hadn’t locked in a forward contract you could have potentially been paying up to 25% more for your goods. This can be significantly detrimental to your bottom line.
One of the joys of a forward contract is that irrespective of the market fluctuation, once you have locked in an exchange rate, your price is guaranteed. If the market price dropped it will have no impact on your exchange rate, whatsoever. It allows you to know your total cost from the outset.
Market Orders
A market order is simply an order in the live market, whether it’s an exchange rate you are trying to target or an exchange rate you don’t want it to drop below.
Limit Order
A limit order is placing an order to the live market to try to target a specific rate that you desire. I.E you may be buying a currency that seems a little bit low at the moment, you may, therefore, decide to aim for a price slightly higher. Your Relationship Manager will place the order directly on the market and once it triggers that price you will be notified immediately with a settlement date that suits you. (This will automatically exchange your currency at you have specified).
Stop Loss Order
Payments
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“Many thanks to you, Lauren, Prem and all your team for the excellent service we have received during 2018 and we look forward to working with you in 2019.”
Nicky Wragg
“Steph & Corina were both patient and helpful. This initial transfer took a little longer to receive than expected but very happy overall.”
Ian Brown
“Super efficient, friendly and available. This is a professional team and they made a stressful deadline disappear with ease.”
Rebecca Carlen
“From first contact through to final transaction I was impressed with C4Ys helpful advice, patient understanding of a 1st-timer, impressive and so easy administration systems and staff guidance in that dept. The final professional currency exchange advice was also clear and beneficial to the
overall result. C4Y was recommended to me and I am glad that it was! Well done and thank you.
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Gerald Fisher
“The whole team is very helpful, and always there to help with all currency concerns. The best part is their rates offered are always beyond expectations!”
Karan Anansongvit
“Excellent help throughout for my first transfer to UK”
Audrey Lewis
“An excellent experience, dealing with the Spanish & London Office.”
Stewart Muir
“I was very happy with the speed and ease of C4U in setting up the account and arranging the transfers. I was also very pleased with their FX rate which was higher than any other companies we contacted.”
Lawrence Burke
“Excellent service and everyone has been so efficient and helpful!”
Peter Robinson
“Mark has made the set up and first transfer so easy & swift. Will be moving all my international payments to him going forward”
Ben – Grimey Limey Records