FX Limit, Stop Loss and One Cancels Other Orders

Name: FX Stop Orders
Brand: American Express

Our online international payments platform offers you the flexibility to enter a variety of order types, including FX Limit, Stop Loss and One Cancels Other Orders.

FX Orders For Businesses At A Glance

Managing FX exposure is key to today’s international businesses. Using the various FX order types on our online platform can give you the ability to choose the FX rates that are most advantageous to your business and could help protect your business from losses due to adverse FX rate fluctuations.

FX Limit Orders

These orders trigger when exchange rates reach your specified target

Stop Loss Orders

These are triggered when the Stop Loss rate is reached (to protect against loss from market movements)

One Cancels Other Orders

A combination of FX Limit Orders and Stop Loss that sees you benefit from positive market movements and be protected from adverse ones

Advantages For Businesses

Imagine the current Spot Rate for AUD/USD is 0.80. You want to make a payment of USD 100,000 but desire a better rate than 0.80. You place an order to buy USD 100,000 at 0.81 and the order is fulfilled when American Express achieves the target.

Imagine you’re concerned that the AUD/USD exchange rate may fall, so you place an order at 0.79 Stop Loss Rate. If the AUD/USD starts to fall, your order will be fulfilled at the first available price American Express can reach.

You place an FX Order at a target rate of AUD/USD 0.81 and a Stop Loss Order at a rate of 0.79. If American Express can obtain 0.81 within the timeframe specified then the Limit Order is fulfilled and the Stop Loss is cancelled.

You place an FX Order at a target rate of AUD/USD 0.81 and a Stop Loss Order at a rate of 0.79. If the market falls below 0.79, the Stop Loss Order will be fulfilled at the first available price.

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FX International Payments is a service of American Express Travel Related Services Company. Inc. ("American Express"). This service is not available to customers. To enrol in this service, your business will be required to complete an application, which is subject to review and approval by American Express.

1. Only American Express FX International Payments clients with a valid American Express Business Card or Business Credit Card are eligible for this offer. Subject to the Terms and Conditions of the Membership Rewards program you are enrolled in. You will earn 1 Membership Rewards point for every AU$15 you spend in foreign currency payments. Points are calculated on local currency equivalent and will be credited to your account 6 to 8 weeks after making an eligible international payment transaction. American Express foreign currency Telegraphic Transfers, Draft payments, Forward Contract drawdowns or Cross Currency payments are eligible transactions and are subject to change. Offer excludes Australian Dollar transactions.

The information contained in this webpage has been prepared without taking into account your objectives, financial situation or needs. You should read the Financial Services Guide and PDS and consider the appropriateness of International Payments in relation to your individual requirements. For further information, please refer to the FSG and relevant (Telegraphic Transfers and Forward Exchange Contracts) Product Disclosure Statement (PDS).

International Payments are arranged through American Express International, Inc. (ABN 15 000 618 208 AFSL No. 237996). Incorporated with Limited Liability in Delaware, USA.

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FX Limit, Stop Loss and One Cancels Other Orders

FX Orders For Businesses At A Glance

FX Limit Orders

Stop Loss Orders

One Cancels Other Orders

Advantages For Businesses

Imagine the current Spot Rate for AUD/USD is 0.80. You want to make a payment of USD 100,000 but desire a better rate than 0.80. You place an order to buy USD 100,000 at 0.81 and the order is fulfilled when American Express achieves the target.

Imagine you’re concerned that the AUD/USD exchange rate may fall, so you place an order at 0.79 Stop Loss Rate. If the AUD/USD starts to fall, your order will be fulfilled at the first available price American Express can reach.

You place an FX Order at a target rate of AUD/USD 0.81 and a Stop Loss Order at a rate of 0.79. If American Express can obtain 0.81 within the timeframe specified then the Limit Order is fulfilled and the Stop Loss is cancelled.

You place an FX Order at a target rate of AUD/USD 0.81 and a Stop Loss Order at a rate of 0.79. If the market falls below 0.79, the Stop Loss Order will be fulfilled at the first available price.

Membership Rewards® Program

Tailored International Payment Solutions

Make International Payments

FX Limit, Stop Loss and One Cancels Other Orders

FX Orders For Businesses At A Glance

FX Limit Orders

Stop Loss Orders

One Cancels Other Orders

Advantages For Businesses

FX Limit Orders Imagine the current Spot Rate for AUD/USD is 0.80. You want to make a payment of USD 100,000 but desire a better rate than 0.80. You place an order to buy USD 100,000 at 0.81 and the order is fulfilled when American Express achieves the target.

Stop Loss Order Imagine you’re concerned that the AUD/USD exchange rate may fall, so you place an order at 0.79 Stop Loss Rate. If the AUD/USD starts to fall, your order will be fulfilled at the first available price American Express can reach.

One Cancels Other Order – FX Limit You place an FX Order at a target rate of AUD/USD 0.81 and a Stop Loss Order at a rate of 0.79. If American Express can obtain 0.81 within the timeframe specified then the Limit Order is fulfilled and the Stop Loss is cancelled.

One Cancels Other Order – Stop Loss You place an FX Order at a target rate of AUD/USD 0.81 and a Stop Loss Order at a rate of 0.79. If the market falls below 0.79, the Stop Loss Order will be fulfilled at the first available price.

Membership Rewards® Program

Tailored International Payment Solutions

Make International Payments

Imagine the current Spot Rate for AUD/USD is 0.80. You want to make a payment of USD 100,000 but desire a better rate than 0.80. You place an order to buy USD 100,000 at 0.81 and the order is fulfilled when American Express achieves the target.

Imagine you’re concerned that the AUD/USD exchange rate may fall, so you place an order at 0.79 Stop Loss Rate. If the AUD/USD starts to fall, your order will be fulfilled at the first available price American Express can reach.

You place an FX Order at a target rate of AUD/USD 0.81 and a Stop Loss Order at a rate of 0.79. If American Express can obtain 0.81 within the timeframe specified then the Limit Order is fulfilled and the Stop Loss is cancelled.

You place an FX Order at a target rate of AUD/USD 0.81 and a Stop Loss Order at a rate of 0.79. If the market falls below 0.79, the Stop Loss Order will be fulfilled at the first available price.