Our range of products and payment services are designed to help you save time and effort.
Whether you’re sending or receiving international payments, our business services can help provide a quick exchange of funds
These international payment solutions are often used for quick settlement, typically from same day to two business days within the EEA.1
Converting foreign currency payments into Sterling can sometimes prove a challenging and costly process. Processing your incoming international payments with FX International Payments gives you convenient access to funds thanks to our global banking relationships.
We can convert your incoming foreign currency wire or draft into Sterling and transfer the funds into your nominated Sterling bank account.
We process incoming international payments for the following currencies:
We can help you manage foreign exchange risk using forward contracts, for example when you have invoices or receipts due at a future date in a foreign currency.
Forward Contracts are agreements between you and a foreign exchange provider to buy or sell a certain amount of foreign currency at a fixed rate of exchange at a future date. They allow you to lock into an exchange rate now to avoid currency fluctuations.
For businesses with complex payments needs or large outgoing payments we have a range of tailored integration solutions. Please contact us to discuss which integrated payment solution is right for you.
Spot contracts provide a solution to short term currency exposure with quick foreign exchange settlements.
Forward Contracts help you manage your cash flow and future payment risk by locking in exchange rates- up to 12 months.
Forward Contracts therefore help provide cost and pricing certainty on supply and sales contracts due to be settled in the future.
Fixed Forward Contracts specify a definitive date in the future when the full contract must be settled and the currency delivered, called the maturity date.
Window Forward Contracts must also be settled by the maturity date but enable you to make multiple drawdowns throughout the duration of the contract. There is no minimum drawdown amount and drawdowns can be made to different beneficiaries
Blended Transactions allow you to add additional funds to a drawdown from a Forward Contract. They add rate flexibility when booking Forward Contracts and help avoid paying fees twice when you only really need to make one final payment.
There are two types of risk when you are managing a business with exposure to foreign currency:
Paying in a supplier's currency is usually the most efficient – although it depends on the nature of your business. You can complete the transaction on local terms and control when you accept the foreign exchange rate.