1-888-998-3948


Thursday, June 8, 2017

9 Terms Corporations Should Know About International Payments

International Payments: 9 Terms Corporations Should Know

 

1. Spot (SWIFT Wire)

The fastest method of making secure payments around the world. Using the SWIFT payment network, international wire transfers are quoted at the spot rate or the value of the currency at the current moment.

 

2. Days-to-Spot

The number of days the transfer of funds will settle from the trade date.

 

 

international payment solutions

LOOKING FOR INTERNATIONAL PAYMENTS SOLUTIONS?

Then get full access to the rest of the information here in our free whitepaper and unleash the true potential of your international payments.

GET FREE WHITEPAPER

 

 

3. Forward

An agreement to buy a particular currency at an agreed exchange rate at a set future date. This lets you lock in a rate today for settlement at a future point in time.

 

4. Global EFT

An international payment method facilitating direct bank transfers to applicable bank accounts internationally and optionally in the beneficiary’s local currency. With global EFT, typical transactions fees associated with international payments are reduced providing a cost-effect method of transferring funds around the world.

 

This blog post is a short preview, to get the full version in your free whitepaper click here

 

Related blog posts:

 

 

About Currency Exchange International
Currency Exchange International (CXI) is a leading provider of foreign currency exchange services in North America for financial institutions, corporations and travelers. Products and services for international travelers include access to buy and sell more than 90 foreign currencies, multi-currency cash passport’s, traveler’s cheques and gold bullion coins and bars. For financial institutions and corporations, our services include the exchange of foreign currencies, international wire transfers, global EFT, the purchase and sale of foreign bank drafts, international traveler’s cheques, and foreign cheque clearing through the use of CXI’s innovative CEIFX web-based FX software www.ceifx.com

Disclaimer: All product names, logos, and brands are property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, logos, and brands does not imply endorsement.
Posted By Jacquelyn McMullen at 12:00 PM
comments powered by Disqus

Platinum Passport

Travelers: Never miss a thing and be the first to know about CXI branch promotions, travel tips and hot trends.

Currency Insider

Corporations & Financial Institutions: Want to get ahead of the curve for the upcoming week? Get CXI's currency market trend analysis sent directly to your inbox weekly.