How it works

1. You call our Dealing Room, and discuss what you need to do.
2. The Dealers will give you their views and get you a rate from our partner Banks, which you can accept or decline.
3. Should you accept, the Dealer will book the rate in your Company name and fax you a Deal confirmation.
4. You transfer the Settlement plus transaction fee direct to an account in your name with our partner bank (you will never send us any money).
5. We collect documents from your offices and deliver them to the bank.
6. On value day, the bank draws down on your account with them and pays your foreign counterparty via SWIFT.
7. We bring your documents and SWIFT payment confirmation back to your offices.

NB: Exporters work in a similar way. We can facilitate the opening of (Foreign Currency Accounts) CFC accounts in your Company name to which your overseas counterparties can send their payments. The Rand proceeds from the conversion are then sent to your local Bank.