Please note rates are subject to change
A forward exchange contract commonly known as an FEC or forward cover is a contract between a bank and its customer whereby a rate of exchange is fixed immediately for the buying and selling of one currency, for another, for delivery at an agreed future date.
A 10% deposit is required.
A foreign exchange contract is an agreement under which a business agrees to buy a certain amount of foreign currency on a specific future date. The purchase is made at a predetermined exchange rate.
Offshore investment allows you to invest in offshore assets (also known as global assets) without the money physically leaving South Africa. No tax clearance is needed and the investment performance and value is reported in rand value. These investments are simple to understand for investors
We can pay for Exports and Imports. Find out more CONTACT US TODAY
In finance, a spot contract, spot transaction, or simply spot, is a contract of buying or selling a commodity, security or currency for immediate settlement (payment and delivery) on the spot date, which is normally two business days after the trade date.
A customer foreign currency (CFC) account is a transactional account denominated in a foreign currency, ie any currency other than rand. It is available in all major currencies and is a useful mechanism for managing foreign currency receipts and payments.