Health and pharmaceutical

One of our clients owns a network of pharmacies and their core business model is to importing goods from the larger pharmaceutical companies Pfizer, Roche etc and then sell these on to the NHS.

For these types of clients, Sterling FX will construct a hedging policy that will incorporate forward contracts. Fixed forwards can be useful for companies that know exactly when payments need to be made and they can be also be used to sell currency at an agreed point in time in the future. These FX forward contracts offer certainty as the FX rate applied is locked in and the transaction will take place at a given date in time.

This is useful for companies that have a known date of when invoices need to be paid to suppliers and want to take advantage of a currency pair that is trading in a good range.

For companies that have to make multiple payments over a given period of time, a flexi forward contract may be more suitable. A flexi forward also allows the client to fix the present day FX rate however, the value date is a date range as opposed to a single fixed date in the future. The client can then make several payments within the agreed date range, as long as the whole amount is delivered by the settlement date.

Due to the greater flexibility a flexi forward offers the client, the exchange rate offered may not be as good as a fixed forward but nonetheless offers greater protection to the client's bottom line.

Of course, there may also be spot transactions that we execute on behalf of our clients on an ad hoc basis, if for example there is a greater demand for product but for scheduled deliveries of imports forward FX contracts offer sound protection and offer solid foundations for currency hedging.

What can you expect?

Bespoke
service

24/7 global
payments platform

Our network of
liquidity providers

Transparent
pricing

Trade
analysis

Track record
of 40 years+

Smart
technology

Bespoke
service

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24/7 global
payments platform

Our network of
liquidity providers

Transparent
pricing

Trade
analysis

Track record
of 40 years+

Smart
technology

FAQ's

Our technology

Our online platform was built by us and is owned by us which means that we are completely in control when it comes to offering our clients an easy to use interface. efficiency. speed and security when it comes to sending money abroad. Make use of our clever dashboard tools to mitigate any exposures you may face.

Price transparency

We want to save your business time. energy and money. Our completely transparent model means no hidden fees. We have an up front fixed fee model that is based on your company requirements and profile. This means that any time you transfer you know exactly what will be charged from our end.

Our people

Every business is only as good as it's people and we have invested heavily in a knowledgeable team of individuals who understand business and want to implement clever cost cutting solutions. Our on demand service means you can place your international payments online 24/7 or call into our dealing desk.

Core values and expertise

With over 30 years in this sector we live and breath the foreign currency markets. We are genuinely interested in learning about businesses and understanding individual requirements. Every person within our organisation is dedicated to finding solutions to protect a Client's bottom line and offer the best execution.

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.