Many family offices and alternative investment funds feel obliged to conduct all their business through their prime broker and their bank. Whilst prime brokers and banks are crucial partners, companies are better off conducting their foreign exchange through a specialist that can be more proactive with market timing, best execution and STP technology.
Given that investments flows into funds are in various currencies other than the base currency of the fund. Many firms will already have multiple currency accounts in which to accept these inflows and they use the same funds for redemptions on the fund however, the management of intra currency account exchanges can be assisted by SterlingFX.
As an example, one of our hedge fund clients is London based and has Euro, US dollar and GBP bank accounts held with their bank. They receive inflows by way of investments, interest earned and redemption of share classes that are denominated in various currencies. They also have outflow requirements, by way of paying back investors that wish to redeem their investments, payroll in overseas offices, rent for offices abroad etc. Furthermore, they have to manage their cash flow intra currency bank accounts, such as transferring their annual management fees and managing any excess balances in the euro and us dollar account that can be converted back to their gbp account.
By partnering with us, the foreign exchange cash management is taken care of. Once we fully understand the way the business operates, our clients benefit from best in class technology, our knowledgeable and experienced team and access to our fully transparent pricing model.
Bespoke
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24/7 global
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Our network of
liquidity providers
Transparent
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Trade
analysis
Track record
of 40 years+
Smart
technology
Bespoke
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24/7 global
payments platform
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Our network of
liquidity providers
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Transparent
pricing
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Trade
analysis
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Track record
of 40 years+
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Smart
technology
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Currencies | Sterling FX rates | Bank rates | You could save (for £1000) |
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*We capture the exchange rates being offered by airports and high street providers once a month and calculate what spread they are taking off the live interbank rate. We then compare that to what rates we are offering to calculate the savings you can make if you use us.
Furthermore, in many cases the banks will not provide you with a good foreign exchange rate either, so in which case you may get stung twice. That's why it makes sense to get your Travel Money from The Sterling FX - your preferred currency exchange in London.
Currencies | Sterling FX rates | Bank rates | You could save (for £1000) |
---|
*We capture the exchange rates being offered by airports and high street providers once a month and calculate what spread they are taking off the live interbank rate. We then compare that to what rates we are offering to calculate the savings you can make if you use us.
Furthermore, in many cases the banks will not provide you with a good foreign exchange rate either, so in which case you may get stung twice. That's why it makes sense to get your Travel Money from The Sterling FX - your preferred currency exchange in London.
Currencies | International Transfer Rates | Bank rates | You could save (for £1000) |
---|
*We capture the exchange rates being offered by airports and high street providers once a month and calculate what spread they are taking off the live interbank rate. We then compare that to what rates we are offering to calculate the savings you can make if you use us.
Furthermore, in many cases the banks will not provide you with a good foreign exchange rate either, so in which case you may get stung twice. That's why it makes sense to get your Travel Money from The Sterling FX - your preferred currency exchange in London.