Saxo Payments provides corporate access to real-time FX trading and payments

Saxo Payments, the worldwide deals services carrier, is extending its footprint in the global trading sector with the addition of a real-time FX trading platform, easily accessible to members of the Banking Circle. And by being part of the Saxo Payments Banking Circle, Corporate Treasury Departments can also handle global transactions using the cross border payments platform.

Capitalizing on the acclaimed intuitive Saxo Bank FX trading platform, and Oracle’s FLEXCUBE core banking platform, Real-time FX is quick and easy to browse and can be accessed from any device - desktop, tablet or mobile. Orders can be put directly in a company’s trade ticket from a mobile or tablet and push alerts and informs mean Corporate Treasury groups can respond to market motions instantly. Trades have optimal precision and low slippage, and, in typical market conditions, costs marked in green in the Banking Circle Real-time FX platform reflect firm rates with no re-quotes.

Taking FX conversions one action even more, Treasurers can use the Banking Circle to open currency accounts and manage incoming and outgoing payments effectively, enabling them to make cost savings on currency conversion costs.

For high value deals where the most affordable possible cost is essential they can use Real-time FX to obtain the very best rate real-time, with the best margin then deal with the payment as a like-for-like payment, e.g. sending out EUR from a EUR account.

For low value deals, where the Treasurer doesn’t want to dedicate internal resource to trading and risk management, the FX rate is secured as part of the processing of the payment through the Banking Circle. The outbound payment is therefore advised as an FX payment, e.g. sending out EUR from a USD account.

For businesses that have to purchase foreign currency regularly, the huge obstacle is purchasing the best rate and keeping costs down, described Anders la Cour, Chief Executive Officer, Saxo Payments. As we are currently offering companies trading globally with an economical option to conventional bank transfers, it makes complete sense making FX trading and payments an integral part of the platform, offering an even higher chance to boost revenues and cut expenses.

Saxo Payments Banking Circle Real-time FX offers.An international IBAN account infrastructure, providing a single platform from which Corporate Treasury Departments can perfectly trade forex and make global payments.Competitive FX rates throughout 160+ currency pairs covering more than 60 countries and 20+ currency accounts.

Low payment deal costs.Available in real-time 24/7.Low payment transaction costs & liquidity prices.Compliant payment design with full transparency of the remitter business and the recipient.

Business Treasury departments can monitor their live direct exposure through Banking Circle Real-time FX, continued Anders la Cour. And the sophisticated threat management tools supply an introduction of trading capacity by showing margin utilization, profits/losses and more - all in real time for the best possible control of costs for a business.

This is another example of the innovation Saxo Payments is giving the worldwide trading marketplace, reducing expenses for businesses trading around the globe.

Categories

Recent Comments

Trading

Europe s typical currency bought $1.0924, climbing up 3.8 percent from a practically eight-month low reached in December.

Trading

Europe s typical currency bought $1.0924, climbing up 3.8 percent from a practically eight-month low reached in December.

Trading

Europe s typical currency bought $1.0924, climbing up 3.8 percent from a practically eight-month low reached in December.