Currency products

Hermex offers a wide variety of currency products to suit the needs of everyone from the smallest start up to the biggest household-name brand. Dependent on the requirements of your business, we can make your payment on the same day, at an agreed date in the future, or whenever the market hits your desired exchange rate – and we’ll supply you with all of the information you need to choose between these options. Below are details of some of the most popular currency products that we offer, and everything you need to know about them in order to make an informed decision when it comes to making international payments for your business.

If you’re in a hurry

  • Same day payments – transactions which are turned around within the same day, provided that all of the relevant deadlines are met.
  • Spot contracts – a contract of buying or selling a currency for settlement on the spot date which is normally two business days after the trade date.

 If you’re forward planning

  • Fixed forward contract – a contract between two parties to buy or sell a currency at a specified fixed future date at a price agreed upon today.
  • Forward time options contract – this is similar to a standard forward contract but with the added flexibility. In a forward time option two parties agree to exchange currency at an agreed rate – however, the customer can exchange currency (or draw-down) multiple times over the period of the contract period until the full principal amount of the contract has been reached.

For more information about any of Hermex’s international currency payment services, call 0207 856 2490 or email forex@hermexfx.com

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