IMPORTS AND EXPORTS
Cross-Border Payments
for Importers and Exporters
All your foreign trade payments will be done fast, efficiently and seamlessly through our partner bank and unique online payment and trading platform.
All payments and SWIFT messages will be facilitated through new settlement accounts (South African Rand and Foreign Currency) to be opened with our partner bank. We will provide you with free use of a unique and secure web-based FX trading, payment, risk management and administration platform that will automate all aspects of your import/export payments. We and the platform do all the work, you stay at the office and you focus on your business.
Very Competitive Exchange Rates
Direct Access To
Our Dealing Room
No Need To Change Your Bank
*Free Use of our Online FX System
T&Cs Apply
*Free SARB & Tax Clearance Applications
T&Cs Apply
Competitive Exchange Rates
for Importers and Exporters
Importers and Exporters are not always getting the service, advice and solutions from the banks and brokers to help them to be competitive. Traditionally banks will tier their pricing, products and service standard according to the standing and size of the clients. Smaller clients often find themselves at the lower end of the importance and Foreign Exchange pricing scale.
Through our partner bank we can provide:
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Very competitive exchange rates
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Direct access to a dealing room
We will endeavour to establish a SPOT/FEC trading facility with our partner bank, without the placement of any margin or signing of guarantees or surety. This means that you can effectively convert your existing SPOT/FEC facility into a working capital/overdraft facility.
*For Illustration purposes only.
Online FX Trading, Payment,
Risk Management and Administration Platform
One of the biggest challenges facing importers and exporters involved in cross border currency payments, is how best to manage and mitigate the impact of volatile currency markets on their business operations, cost competitiveness and profitability. Without a proper foreign exchange management policy, and a proper risk management tool, companies are not able to control the potential adverse effects of currency movements, which can lead to increased cost and reduced market share and profits.
We will provide you with the only available tool of its kind in South Africa to help manage your foreign exchange exposures. We will also assist you to establish a FX risk policy and framework that will suit your needs and FX risk appetite. The FX system that we use is unique in South Africa as it allows importers, exporters and individuals to automate the trading, payment and administration of their cross border and investment transactions while also providing a tool to manage the risks associated with the management of exchange rate fluctuations.
Main features of this solution are as follows:
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Online FX trading (SPOT & FEC's) capability
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Direct access to dealing room while trading, if required
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Web based – accessible from anywhere
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Ease of use (client system not bank system)
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Pre-load suppliers, buyers and exposures
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Automated Balance of Payment (BOP) forms
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FX risk management tool (unique)
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Manage CFC balances and set-off
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Access to full history of all trades & payments
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Wide range of business reports
FX Risk Management
& Hedging*
Import & Export
Trade Finance
As a company involved in foreign trade you will face many financial and logistical challenges in both the funding and landing of your goods in South Africa.
Your trade finance challenges will include:
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The financing of the goods:
as your supplier will most likely want part or full payment before shipment and you will only receive cash from your clients much later
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The movement of goods:
you will require shipping, marine insurance, and forwarding and clearing in order to land and deliver the goods to your warehouse
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Exchange rate risk:
by the time your goods have landed, the exchange rate may have changed dramatically, negatively influencing your input costs
In order to address all these challenges, we can, through our partner banks provide you with complete peace of mind to manage an end to end solution for your imports, financing of goods through our Trade Finance offering, booking forward exchange cover, all the way to actually collecting and delivering your goods through our Logistics service provider.
South African Reserve Bank Applications*
The Currency and Exchanges Manual for Authorised Dealers (Authorised Dealer Manual) contains the permissions and conditions applicable to transactions in foreign exchange that may be undertaken by Authorised Dealers and/or on behalf of their clients in terms of Exchange Control Regulation.
In this regard we can facilitate any request for permission to receive or pay foreign exchange outside the laid down rules and regulations of the Financial Surveillance (Exchange Control) Division of the South African Reserve Bank.