Foreign exchange

Whether over the phone or via our e-commerce platform, it's easy and straightforward to execute your foreign currency exchange needs. You'll enjoy access to our depth of market liquidity in both major and emerging market currencies.

FX Risk Management - why consider FX hedging?

Exchange rates can be volatile. If they move in an unfavourable manner, they can have a negative impact on your finances, the cost of imports and the value gained from exporting goods and services. This can result in adverse affects on your profitability and cash flow.
Our solutions can help you:

• Have greater certainty over future income and costs.
• Make financial forecasts with more confidence.
• Manage your cash flow more effectively.

We help you identify the FX risks you may be facing. We then quantify these risks and work with you to manage them, leaving you to focus on what you do best - running your business.

Are our solutions appropriate for your business?

Our FX services are relevant for businesses and organisations that:

• Import or export.
• Have foreign currency accounts.
• Send or receive international payments.
• Are part of an international group or subsidiary of a foreign entity.
• Are looking at acquisitions overseas.
• Want greater certainty in cash flow planning and budgeting.
• Are interested in scrutinising their long-term costs and financial objectives.

For more information:

New customers - if you haven't found what you're looking for or have any additional questions please call us using the 'Get in touch' contact information.

Existing customers - contact your Relationship Manager or Director.

We are committed to delivering the best possible results for you and your business. We take the time to work closely with you so that we understand your business and its nuances, identify the currency risks you may face and then offer solutions specific to your situation. Our experienced team of specialists draws on a wide variety of financial markets instruments, selecting the most relevant solution for you.

We provide a dedicated point of contact for all of your FX requirements with the aim of reducing cash flow uncertainties resulting from foreign exchange fluctuations.

Our FX team provides:

• Solutions tailored to the specific needs and risks of your business.
• Efficient, secure execution and excellent online post trade services including the ability to confirm and download relevant FX deal information for better decision making.
• Access to RBSM.com our online FX and money market trading system providing access to current market forecasts, research and strategy, plus the ability to access and secure FX rates 24 hours a day.
• Use of a full suite of online trading applications.
• A highly professional FX risk management service backed by the global network and capabilities of our parent bank, The Royal Bank of Scotland.
• Competitive pricing across a wide range of currencies and maturities.

For more information:

New customers - if you haven't found what you're looking for or have any additional questions please call us using the 'Get in touch' contact information.

Existing customers - contact your Relationship Manager or Director.

Already using RBSMarketplace? Log in to the service.

RBSMarketplace is an online FX and money market trading system provided by the Global Banking & Markets business of The Royal Bank of Scotland Group. It allows you to carry out a wide range of real-time FX dealing services, including spot, forwards and time option contracts - whilst cutting costs and paperwork.

For high volume foreign exchange users our RBS Global Banking & Markets business offers specific solutions for your needs. Please contact us.

• The payment is coming from a country with a high risk rate
• It is not in the local currency of the sender's country (e.g. US dollars payable in Greece)

We will send the draft or cheque to the bank on which it is drawn and will not credit your account until we have received the money or have been assured that it will be paid.

The time taken will depend on the country the payment is coming from and the bank clearing the payment.

Sterling drafts drawn on a UK bank can be paid directly into your NatWest sterling account.

Key benefits:

Real time market access - read our analyses, trade and execute your transactions online.

Cost savings - complete FX trades electronically, to streamline processes and reduce costs.

Reduced errors - eliminate paper-based parts of the trading process, to improve speed and accuracy

Real-time market information - in a market where speed is of the essence, being able to view market data in real time helps shape success.

Valuable management data - your business can access comprehensive management reports on your treasury activities.

Post Trade - you can confirm your deals with RBS real-time on our post trade application.

Transparency - RBS FX offers transparent benchmark execution offering a flexible framework for centralised global execution and transparency (audited to SAS70 TYPE II).

For more information:

New customers - if you haven't found what you're looking for or have any additional questions please call us using the 'Get in touch' contact information.

Existing customers - contact your Relationship Manager or Director.

As part of the wider RBS Group, we are one of the world's leading banks for foreign exchange. Our global foreign exchange service offers solutions in over 60 currencies, through traditional and electronic delivery channels.

Key benefits

• Extensive solutions - spanning trading, hedging, investment and structuring.
• Tailored approach - innovative, bespoke structures and deals.
• Electronic solutions - a broad range of e-trading facilities for trading and deal management.
• Analysis and comment - our analysis will support your planning, and our economists and analysts are available for individual briefing sessions.
• Options leader - we are a market leader in the pricing and structuring of FX options, committed to delivering first-class execution and settlement.
• Emerging Markets – we have a strong presence in emerging market currencies.

Awards

• No. 1 FX house for UK Corporations (by market share) Euromoney FX poll 2011
• No. 1 in FX Spot/Forward by market share for UK Corporations - Euromoney FX poll 2011
• No. 1 in FX Options capabilities, E-Trading Service ranking for UK Corporations - Euromoney FX poll 2011
• #2 Globally for Currency Forwards - Risk Interdealer Rankings 2010.
• #5 Globally by Market Share - Risk Interdealer Rankings 2010.

Team credentials

• Experienced team of FX specialists with a depth of knowledge across the Foreign Exchange markets.
• Strategically positioned with banking relationship teams in key locations across the UK and offshore.
• Strong trading capabilities & outstanding execution capability for clients.
• Market leading e-commerce dealing applications across a wide range of FX markets

For more information:

New customers - if you haven't found what you're looking for or have any additional questions please call us using the 'Get in touch' contact information.

Existing customers - contact your Relationship Manager or Director.

Below are a few examples of how our FX services can help customers.

Scenario 1 – Simple FX Transactions

Situation

• A supplier to major UK high street retailers has a requirement to send a same day payment to Hong Kong. The payment is denominated in USD and is for $1m.

Customer Requirement

• The customer would like to know the GBP cost prior to sending the payment.

Solution

• An FX specialist from the UK Corporate FX Sales team will work with the customer to build a longer term portfolio of hedges.

Scenario 2 – FX Risk Management

Situation

• The supplier switches production from the UK to factories in Asia.

Customer Requirement

• The company will need to pay for product from Asia in USD but sells solely in the UK (in GBP).
• The customer recognises that FX will have a major impact on the price at which it can sell its product.

Solution

• The customer uses the online trading tool (RBSMarketplace) to fix the GBP/USD rate and thus the GBP cost of known future USD expenses.

Scenario 3 – Bespoke FX Solutions

Situation

• After the supplier concludes the initial hedging, it transpires that the FX rate has moved in an unfavourable way against the customer, and subsequently the high street is asking for price reductions.

Customer Requirement

• The customer needs access to an FX specialist who can help determine an appropriate FX risk management solution.

Solution

• An FX specialist from the Corporate Risk Solutions team will work with the customer to build a longer term portfolio of hedges.
• The solution reached will limit the customer’s USD costs and offers flexibility such that favourable FX moves can be passed onto the price sensitive high street.

For more information:

New customers - if you haven't found what you're looking for or have any additional questions please call us using the 'Get in touch' contact information.

Existing customers - contact your Relationship Manager or Director.