Private Foreign Exchange Services

Spot Contracts

The most commonly encountered type of contract. It is used when a certain currency is required immediately and a contract is entered where one can receive the current market rate but with settlement in 2 working days.

We can purchase the currency at the rate agreed with you, and then send the funds where required once we are in receipt of your payment.

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Forward Contracts

With the Forward Contracts, you can fix into a rate immediately although you would not have to pay for them until a future date. Technically speaking, the forward contracts are calculated using the current exchange rate for the currency pair, the interest rates for the two currencies along with the time to maturity of the contract. As such they use fundamental variables to value the current exchange rate for the future date as opposed to estimating where the market is heading.

Forward Contracts involve a relatively small deposit. Of course, this means clients can utilise the majority of their capital until the forward contract settlement date arrives (the date by which funds should be sent to www.netaloid.com).
The real advantage, however, is that one can substantially reduce their currency risk by locking in a rate now despite the fact that the actual deal/transaction is not finally taking place until a date further in the future. This naturally allows one to lock in their profits since one is effectively fixing the costs at the date the forward contract is made.

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Limit Orders

Clients can place limit orders to try and get a price that is not currently traded in the market. If one feels that the price will move in his/her favour and is in no rush to execute at current market levels, one could place a limit order that www.netaloid.com will monitor and execute once the acceptable price level is reached.

This is interesting for both private and corporate clients who have neither the time nor the monitoring ability to keep abreast of movements continuously. Important to know is how long the order is valid for. This could be ongoing (i.e. a Good till cancelled or “GTC”) or with a specified validity (e.g. 5pm, Friday, 5th August).

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Swift Payments

Immediate payments are very easy to set up using our Swift payment facility. All we need to do is arrange for the currency, the amount, and the payment details for the secure transfer of funds.

The real beauty is that you can receive competitive rates and avoiding having to visit your local bank branch. Normally, the beneficiary should receive payment of funds within 48 hours of the settlement with www.netaloid.com.

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Swift Regular Payments

For clients with a regular commitment to send funds abroad, the Swift Regular Payment Service (SRPS) could be ideal.

Here, once clients choose the amount and frequency to be sent (even a direct debit can be put in place), we can ensure the speedy exchange and secure transfer of your funds.

All that needs to be decided by yourself is whether you would like to fix the exchange rate at the outset (for up to 2 years ahead) or whether you would like www.netaloid.com to make the currency exchange each time at the relevant market price.

Of course, your dedicated Foreign Exchange Dealer will be happy to discuss the specific details. These could be related to overseas mortgage payments, salary transfers, pension transfers or any other form of financial commitment entailing both an exchange of currency and transfer of funds abroad.

Again, our aim is to provide you with competitive rates of exchange and the knowledge that your funds will be delivered promptly and securely.

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International Receipts

The fact that exporters sell their goods in international markets means they sometimes cannot avoid their clients making their payments in foreign currencies. There is clearly an inconvenience when sending your clients invoices in your local currency. We at www.netaloid.com can help you deal with your international receipts simply by converting the foreign payment into your domestic currency at very competitive rates.

Furthermore, we can also offer clients the possibility to sell the foreign currency they will be receiving as invoice payments even before the foreign currency arrives. This means that you will know your local currency income from the outset. The only necessity is a relatively small deposit.

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Travel Money

Why not help start your overseas trips free of stress.  Whether you are planning a pleasure holiday or a business trip anywhere in the world, www.netaloid.com will deliver your required foreign currency to your door without any delivery cost. With our exceptional prices and secure next day delivery, www.netaloid.com should be everyone’s designated currency provider.

We accept all major credit and debit cards

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