Currency Risk Management
Cash flow management is at the heart of any business, but how can you forecast and manage it when your payables and receivables are at the mercy of the foreign exchange market? Take advantage of the tools offered by Travelex Global Business Payments to stay on top of the markets and protect your bottom line.
Foreign Currency Forward Contracts
Forward contracts enable you to lock-in a rate today, with flexible delivery windows, so you have the funds when you need them. Apply the funds directly to specific invoices and check another task off your list, or have a pool of funds available at your disposal for ad hoc needs. If you are waiting for invoices, hold your currency in a Holding Balance. In either case, your budget is protected against the unpredictable influences of the market.
Standing Orders
Use this complimentary service to monitor the market 24/5. Indicate your desired rate and your order will be automatically processed when and if your target is reached. This empowers you to take advantage of natural intra-day market volatility.
No one person can watch the market 24/5. However, here, the market is watched continuously by using advanced trading systems. Wake up to the good news that you saved money, not the bad news that you missed a long-awaited opportunity in your sleep.
Exchange Rate Monitoring Services
With our proprietary MarketLink Element reports, our expert team of market analysts will supply you with as much or as little information as you desire regarding the market, to help you make informed decisions. Are you trying to determine the ideal bid price for a job, or price a catalog in advance? We can gauge the most likely range of scenarios to help you make a knowledgeable decision with our Proposal Builder. Our market savvy relationship managers are also always available to discuss the most effective strategies to protect your profits.
Risk Monitoring and Compliance
Our reporting services make your job even easier and help protect your net payment terms. Quickly manage your outgoing payments with a bird’s eye view of your entire payment stream. Be alerted to all payments that are approaching or past their due date.
Risk in your payment operations is of course not limited to the currency markets. You also need to be confident that your systems are compliant and secure. Our solutions will enhance your Sarbanes-Oxley compliance, with self-administrated user controls. Also, by converting your paper payments to electronic payments, you eliminate an entirely different tier of potential fraud. Our global platform is protected by top-of-the-line security protocols.
