Foreign exchange for business clients

Payment Contracts

FOREIGN CURRENCY FORWARD CONTRACTS
Buy now, use later

Where clients have a requirement for, or receipt of, £10,000 or more in foreign funds on a specific date (or range of dates) within one year, Raphaels Bank can sell or buy those funds on a forward basis. This enables the client to lock in the exact amount of Sterling to be paid in the future regardless of fluctuations which occur in the meantime.

OVERNIGHT ORDERS / LIMIT ORDERS

Raphaels Bank also offers clients the opportunity to authorise in advance the purchase or sale of foreign currency at pre-agreed levels, without the need to contact clients and thus risk losing the opportunity offered by the market which may be short-lived.

Overnight orders can be set up either for "business hours" monitoring or, if the amount to be purchased exceeds £50,000 equivalents for spot and forward contracts.

OVERNIGHT STOP LOSS ORDERS

The fluctuations of foreign exchange market can vary from one extreme to another at any time, day or night. Stop Loss orders will enable you to react to the peaks and troughs of the global currency market in an instant. As per the title of this product it will allow you to place a stop loss on your bottom line thus always protecting you profits. This can also be used in conjunction with an overnight limit order to enable you to protect your bottom line and be ready for when the market moves in your favour.