Here at Hermex, we understand that reducing currency risk is central to protecting your business profit margins – which is why it’s of paramount importance to us at every stage of our global payment process. Whether you’re a multinational company or a burgeoning SME, we can help you to assess your risk levels throughout every step of your exchange journey, and do everything we can to help you keep as much of your profit in your business as possible.
Your currency, your choice
Currency movements can have a big impact on your bottom line. This is why we offer a range of flexible methods for you to make your payments overseas. When you make an global payment with us, you can choose from:
These options allow you to select the most suitable process for your circumstances, and manage your money as effectively as possible. Our dedicated dealers will be on hand to assist you throughout the process, and whilst we can’t make the choice for you, but we can certainly supply you with all of the information you need to make an advantageous, low-risk decision.
The best rates at the right time
One way to mitigate the risk of your foreign payment is to ‘forward buy’, a process enabled by the aforementioned forward contract.
In this scenario, you agree to purchase a certain currency at the current rate, for future settlement on your designated date. By choosing this option, you secure your desired rate and can factor the complete cost of your global payment in advance, without the risk of exchange rate fluctuations.
Because Hermex has a proactive approach to risk management and monitors the market on your behalf, we’ll be able to inform you of any potential risks relating to adverse currency fluctuations. This kind of market knowledge can be invaluable to your business, giving you the best possible opportunity to secure an advantageous rate and make the most of your money as you move it across the globe. Whilst we can’t make the final decision for you, we’ll equip you with all of the information you need to make the right choice for the needs of your business.
Safety and security
For your safety and security, we operate segregated client accounts, which mean that there is a clear distinction between the money of our clients and Hermex’s own pool of funds. This makes our foreign payments process even safer. We can also provide confirmation of payment on request for the ultimate peace of mind of you and your business.
If you’d like to know more about any aspect of Hermex’s risk management strategies, call us on 0203 026 4030 or email email@example.com