Connecting to LinkedIn...

Blank

New Service To Help Recruiters With FX Rates

New Service To Help Recruiters With FX Rates

“Clients who receive placements fee’s in local currencies which then require repatriation of funds to the UK. Often such transactions are automatically executed via a clearing bank and the Recruitment Company incurs a significant cost (2-5%) when repatriating funds. Ebury Partners allows clients to significantly reduce their costs when exchanging currencies and the ability to use risk management tools such as Market Orders to ensure they get the best rates. Often the best strategy is to allow funds to reach an agreed volume then exchanged into GBP to reduce the amount of transactions.”

“A recruitment company that places candidates across Europe has a sales turnover of &pound3m and an annual FX turnover of &pound1m. The company uses their clearing bank to repatriate placement fee’s and cover offices costs. Ebury Partners, offering a far more competitive rate for the company’s FX transactions, was able to save the company 2.5% on their annual FX turnover, which totalled to &pound25,000.”

This is a very normal situation which arises the whole time with all of our clients.” Said, Edward Phelps, Ebury Partners UK Ltd

Tags:

Articles similar to

Articles similar to