How will the uses of a foreign exchange consultant impact on our existing relationship with our bank?
Our prime objective is to control and reduce your foreign exchange transaction costs within your existing banking framework. Foreign exchange dealing is a service area as opposed to a direct profit centre in its own right. You will continue to negotiate and pay pre-agreed tariffs such as DC opening commissions, telex, remittance charges, and borrowing margins. We will simply be managing your variable costs pertaining to your foreign exchange and deposit business. Increasingly, many branch, credit, account and relationship managers are cognisant of the value in strong foreign exchange management translating into a company’s stronger balance sheet.
