Dealing and Delivery
Your business can depend on our experience and expertise when making international payments.
At Sable, we help you optimise your position and reduce the risks associated with currency fluctuations and volatile exchange rates.
For immediate settlement: A spot transaction is a simple agreement between two parties to buy one currency against selling another currency, for immediate settlement. The price of this agreement is the exchange rate. The standard settlement timeframe for spot transactions is two business days from the trade date.
For an agreed date in the future: A forward contract secures an exchange rate for an agreed time in the future. This contract could cover just one, or multiple payments on different dates. By booking forward, one is obliged to buy or sell the currency at the agreed price, on a specified future date. You can fix an exchange rate for up to one year in advance, thereby removing your currency risk by locking in your exchange rate for a future date.
Incoming currency bank drafts and wires can be received and converted for you. We provide a facility to hold your currency as currency until you are ready to convert the funds, so you are not forced to take the current price.
We can quote you a price to convert one foreign currency directly to another, without converting funds into your local currency. This allows you to avoid any unnecessary transaction costs.