With more and more of our customers buying property overseas, particularly
in the Spanish resorts, Currencies Direct feels it is essential that
they are well looked after during every stage of the purchasing process.
Part of that process involves the exchange and transfer of funds to
cover the cost of their new home. Our aim is to make that process as
efficient and cost effective as possible.
Currencies Direct has developed relationships with the following major
Spanish banks and negotiated special banking arrangements to save our
customers even more money by avoiding extra, unnecessary charges.
When transferring funds to Spain, through Currencies Direct to our
banks, our customers are guaranteed:
No Receiving Charges for funds transferred through
Currencies Direct to any of the banks mentioned above.
Free Telegraphic Transfers for
any transaction over £5,000
when transferring funds to any of these banks.
At Currencies Direct we pride ourselves in
exceeding the expectations of our customers. And with offices in Puerto
Banús (Costa del
Sol) and Torrevieja (Costa Blanca), Currencies Direct is always on
hand to provide on-the-spot service and assistance to our customers
in Spain.
Transfer
procedure explained
Question What are the benefits?
Answer: Clients can benefit from obtaining
and securing rates over the telephone without the inconvenience of
placing a deposit on account prior to an order being accepted. This
service is available to any client upon satisfactory completion of
the C urrencies Direct Commercial
Currency Agreement, submission of two valid forms of identification,
and subsequent written confirmation of an account access code.
Question How can I guarantee a premium service?
Answer: Once your order has been executed,
you will receive faxed confirmation in the form of a contract note
for your approval. To secure and guarantee your rate you are required
to sign and fax back the document immediately as the markets are renowned
to be volatile and timing is therefore of the essence. Your contract
note will confirm all the relevant details of your requirements which
will include rates, cost, currency reciprocals etc . Currencies
Direct will offer a swift, effective and secure route for
all your foreign currency payments.
*It is important to note that even if the exchange rate moves
adversely between execution and settlement - your rate is guaranteed.
Question How are my funds protected?
Answer: All client funds
are deposited with either Regulated Financial Institutions or major
London clearing banks, governed by the Bank of England. Further documentation
is available upon request.
Question What about onward payments?
Answer: To release funds to satisfy your
requirement, C urrencies Direct will
facilitate the transfer of funds to either a recipient bank or the
beneficiary in the UK or overseas, by either foreign currency draft
or telegraphic transfer. This costs £15 to anywhere in the world,
but we will pay this fee if you send over £5000 to Spain.
Transfer
procedure explained
Question What makes Currencies
Direct so different?
Answer: We focus exclusively on foreign
exchange, continually investing in leading edge technology and evaluating
our operational procedures to ensure that you receive an unmatched
level of quality service. C urrencies Direct is
renowned for its risk management strategies and foreign exchange quotes.
Our service enlists full utilisation of market instruments designed
to maximise the beneficial strategies in obtaining better rates of
exchange. However, we recognise that each client may have different
requirements and objectives and in this respect we tailor our service
to accommodate your individual needs.
In addition to spot transactions, Currencies Direct offers
clients two types of forward contract:
• Fixed Forward - A
fixed forward is a non-speculative contract and is an agreement established
between C urrencies Direct and their
client, to secure an agreed rate of exchange today for a currency to
be bought or sold for a future specified date. The rate of exchange
is guaranteed irrespective of adverse movement for the duration of
the term. Contracts can be negotiated from three days to eighteen months
ahead.
Open Forward - An
open forward is similar to a closed forward, except that open forwards
have a fixed period to the final maturity date. During this period
the client can opt to settle all or part of the forward contract to
make part payments or draw against the contract.
To register, just print out this
Registration form and fax to Currencies direct at 0034-965707969 Terms and conditions apply - Read them here |
