Correspondent Banking
Your Business is important to us
We understand the unique banking needs of our corporate clients and are committed to providing them with competitive and flexible banking services. Our team have the right mix of knowledge, experience and capability to complete cross-border transactions. We welcome all categories of corporate clients that have business interests within our niche market.
Foreign Exchange
About this Service
The costs and(or) gains of exchange rate fluctuations could impact your bottom line. We offer FX conversions to help you to manage the attendant risks, lock in your future FX related costs, or profit from any changes in currency rates. FX conversions are contracts to buy or sell an amount of currency at a current rate for delivery on an agreed day.
- We offer conversions between 15 currencies.
- The value date is at your discretion. We can deal same day (subject to normal cut off times) or any future date, including spot, to match your expected cashflow requirements or eliminate future conversion exposures compared to today’s rates.
- We require that you have cleared funds at the time of entering into the contract, which will be blocked from the time of the transaction until the time of settlement
- Large value transactions are priced off live market prices to ensure highly competitive pricing.
You are welcome to call for indicative pricing so that you are aware of changing market conditions. Our relationship managers are in direct contact with our Treasury department and can access fresh rates within seconds.
Operating Accounts
About this Service
Our multiple currency operating accounts are designed to enable your organisation achieve the following objectives:
- Ensure payments are received timely;
- Instant access to your bank’s funds;
- Manage your liquidity; and
- Save your organisation money and time.
Periodic statements (Daily, Weekly or monthly) and transaction advices are sent to you via SWIFT to facilitate easy reconciliation of your accounts.
