Manage Payments
The Right Way
Foreign Currency Payments
Secure International Payments For Your Business
Through our partnership with CAFX, we deliver complete solutions through a dedicated account manager and a convenient online platform. Funds are securely transacted, with the confirmation of payment guaranteed by an MT103 SWIFT Message. This can be emailed to your beneficiary before the funds have arrived in their account.
Fast Delivery To Your Overseas Commercial Partners
Payments credit your beneficiary’s account by Straight-Through Processing. STP increases the efficiency and speed of global electronic wire transfers.
Live Market Wholesale Exchange Rates
Volatility within the FX market is an unnecessary cost to a business. We monitor currency fluctuations through our market watch service, which can help you to execute at the right time.
FX Risk Management Solutions
Through a cost-free consultation, we will understand the needs of your business. Having identified areas where you might be exposed, we can discuss an FX risk management strategy that is right for you. Speak with one of our experienced consultants who can discuss protecting your profit margins.
Foreign Currency Payment Contracts
Spot Contract: The simplest way of paying your overseas commercial partners is by a Spot transaction. It is used to buy a currency for immediate delivery. Understand how this can benefit your business by speaking with one of our experienced consultants.
Forward Contract: A Forward Contract locks in an exchange rate and can provide protection against volatility in foreign currency markets. It is an agreement to buy a fixed amount of currency at a set price in the future. It can free up your cash flow as you do not have to fund the full currency purchase in advance. A deposit may be required to secure the contract and this will depend on commercial factors and circumstances. Speak with one of our trusted relationship managers to ascertain if this is a suitable product for your business.
Foreign Currency Receipts
Secure International Receipts For Your Business
We deliver complete solutions through a dedicated account manager and a convenient online platform. Enable your business to excel in the global market place by receiving payments in over 50 foreign currencies.
Local Foreign Currency Accounts
A locally domiciled account for your business to match your receipting requirements. Receive foreign currencies, convert your funds or use them to make payments. Zero set up costs or account maintenance fees.
Personalised Foreign Currency Accounts
A unique account number under your business name. Your customers can pay you directly by a domestic transfer without the requirement of a local corporate presence.
FX Treasury Services
Turnkey FX Treasury Services
All your foreign currency cash balances in a single place making it easy for you to manage and transfer your funds. 24/7 access through your web portal for total control over your money management. Speak with one of our experienced consultants for a bespoke solution that matches your business requirements.
Foreign Currency Receipting Contracts
Spot Contract: The simplest way of receiving funds from your overseas commercial partners is by a Spot transaction. It is used for immediate delivery and conversion. Understand how this can benefit your business by speaking with one of our experienced consultants.
Forward Contract:
Forward Contract: A Forward Contract locks in an exchange rate and can provide protection against volatility in foreign currency markets. It is an agreement to receive a fixed amount of currency at a set price in the future. A deposit may be required to secure the contract and this will depend on commercial factors and circumstances. Speak with one of our trusted relationship managers to ascertain if this is a suitable product for your business.
Let's Discuss your foreign currency requirements
BENEFITS
- 130 + Currencies
- Fast Online Registration
- Foreign Currency Hedging
- FX Market Orders
- 24/7 Online Platform
- Exchange Rate Alerts
- Live Market Pricing
- Designated Account Manager
Frequently Asked Questions
It’s both quick and easy to open an account with us. Simply click the “Register” icon and you will be directed to our onboarding portal. You will be asked to complete the information that is relevant to your registering entity. A designated account manager will contact you answer any questions that you may have about our services.
If you’re making a payment in a major currency, it will be made on the value date of the contract. Funds settle with the beneficiary bank on the same business day. With other currencies, your payment will be processed on the agreed value date and a timeframe of two days for your funds to reach the recipient.
We recommend that you send funds through an online bank transfer on the same day as you book your foreign currency contract. This ensures that your payment arrives with the beneficiary asap.
International payments are made through the SWIFT Network. This is the main system used throughout the financial world to make payments securely and quickly. Once your payment has been received, your currency payment will be processed on the value date of the contract. Confirmation is emailed to you containing all the information of the transaction, including our settlement (bank) details.
Seven Oaks Capital partners with global fintech provider, CAFX. CAFX’s client funds are held in segregated accounts, entirely separate from their own operating accounts, so client funds are always safeguarded.
Volatility refers to the amount of fluctuation or changes in the value of a currency. High volatility defines that a currency’s value has fluctuated over a larger range of values. The price of the currency changed in either direction dramatically over a short time period. Low volatility means that a currency’s value has not fluctuated dramatically but changed in value at a steady pace over a period of time.
