FX International Payments
Take a look at the competitive advantage you can achieve by making international payments through a provider with extensive global counterparty reach.
To understand the benefits of partnering with an international payments provider with global reach, you need to appreciate the counterparty networks that lay behind the scenes. You also need to realise that access to these networks is limited for a lot of foreign exchange providers.
Watch this short video for an insight into the global payments network that has the ability to deliver your business a competitive advantage.
To establish trust and credibility in international business relationships, it's essential to have a local feel and familiarity when dealing with clients and suppliers abroad.
Ideally you want to give the impression to business partners that they're transacting with the business next door, not a company on another continent.
One way to foster this feeling is to ensure your business transactions are generated and executed with a local feel to create the impression of ease and familiarity for your supplier.
Unfortunately, despite the highly interconnected financial system, local representation isn't widely offered among foreign exchange providers.
To understand the big picture, you need to know that banks and foreign exchange providers turn to counterpart networks behind the scenes.
This is done to provide customers with local in-market expertise and support in the countries to which they need to make payments.
To ensure your funds are sent using the most direct and efficient route, it's important to choose a foreign exchange provider with the global counterparty reach to support your payment process.
If a foreign exchange provider only has one or two counterpart banks to work with, your foreign exchange payment might whirl around the world before it reaches a beneficiary bank account.
Not only is this an indirect route, but it also feels like a foreign payment when it arrives at its final destination.
It's like putting your money on two or three planes, when there's a direct flight available. A specialist provider with a wider range of counterparty banks is able to transact more directly.
They can use their network to pick the best bank based on geographical presence and ensure your payment is generated as locally as possible.
Think consistency, trust and relationship building.
And when this is backed by a significant level of local market expertise, your choice of international payments partner can help you succeed in a global marketplace.
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The information contained in this webpage has been prepared without taking into account your objectives, financial situation or needs. You should read the PDS and consider the appropriateness of International Payments in relation to your individual requirements.
For further information, please refer to the relevant (Telegraphic Transfers and Forward Exchange Contracts) Product Disclosure Statement (PDS).
Centurion Finance Limited has, under Part 3 of the Financial Markets Conduct Act 2013, lodged a replacement Product Disclosure Statement for Forward Exchange Contracts with the Companies Office on 21/07/2017. A copy of the PDS may be obtained here or on request and free of charge by phoning Centurion Finance Limited on 0800 472 353.
For information on Membership Rewards, please refer to the Membership Rewards terms and conditions.
International Payments are arranged through International Payments are arranged through Centurion Finance Limited. Principle Place of Business in New Zealand 600 Great South Road, Ellerslie, Auckland 1051 .® Registered trademark of American Express Company.
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