Protect your international activities from the risk of fluctuations in foreign exchange rates.
The solution is to make use of operations based on traditional currencies to buy or to sell these traditional currencies against Mauritian Rupees, or other foreign currencies, at the current market rate.
The operation is confirmed upon satisfaction with the rate announced by the Trading Room* and the funds are immediately available in the chosen currency.
A cash exchange operation is an agreement between two parties. It is a foreign currency transaction whereby both parties agree on a on the spot (without any waiting time) sale or purchase of one currency against another currency at the rate agreed upon completion of the operation. This « on the spot » rate is termed the spot price or cash exchange rate. The exchange operation is performed instantly with our Trading Room and you are instantly informed of which exchange rate has been applied to your transaction. Effective delivery generally takes place within two working days following the completion of the cash exchange operation.
To ensure your commercial margin, we recommend that the foreign currency rate is set before any transaction so as to protect it against exchange fluctuation risks.
Benefits
- Obtaining the best market rate in real time: all it takes is a call to our Trading Room.*
- This operation is free of charge or commission.
How does it work?
- To perform a cash exchange or spot price transaction, a sub-account with the necessary funds in the corresponding foreign currency must be opened prior.
- If satisfied with the rate announced by the Trading Room1, the operation is confirmed and the funds are immediately available in the chosen currency.
*Our Foreign Currency Trading Room will keep you posted, upon request, about the forex market trends. This service is exclusively available to holders of a dealing mandate.
