Our
services minimize the inherent risk to your company of conducting
business in foreign currencies. Denarius offers a comprehensive
range of products and services that will benefit your organization
to make the most of your international currency transactions.
Based on our extensive knowledge of the foreign
exchange marketplace, we assist our clients in developing risk management
strategies, in structuring complex hedging schedules and by monitoring
fluctuating currency rates.
Customized Orders*
At the Market (ATM)
An order placed to buy or sell a currency immediately at the best
possible price.
Market if Touched (MIT)
Is a standing order at a specific rate with no time frame and
can be cancelled anytime unless the order is filled or attained
before cancellation.
Overnight Orders (O/O)
An order placed at a specific rate that remains in effect overnight
until 9:00 AM (EST) the next morning, at which time the order
automatically becomes cancelled unless the specified rate has
been obtained.
Stop Loss Orders (SLO)
An order placed to buy or sell a currency at a specific rate,
used in conjunction with a MIT or an O/O, in an attempt to limit
losses or to protect profits.
* Due to the volatility of the marketplace, all
customized orders are filled on a best effort basis.
Rate Updates
List the currencies you wish to be updated on and our traders will
make certain that you receive the information you need to make the
right decision.
Round the Clock Rate
Watch
Set your target exchange rates and our traders will monitor it for
you, round-the-clock, informing you of market movements and news
releases moving towards or away from your initial target rates.
This service applies to Market if Touched and Overnight orders.
Foreign
Cheques and Wire Receipts
Clearing of foreign cheques through banks is often a very costly
and slow process. Banks may take up to 9 weeks to clear and convert
the cheque and charge substantial fees varying from $20 to $80 per
converted item.
Denarius can usually clear
these funds quicker and with no charge. Clients expecting payments
in a currency other than their local currency can have the funds
transferred to Denarius' bank correspondent in that specific currency.
Denarius maintains an online worldwide banking correspondent network
to facilitate your foreign conversions and receipt of payments.
Drafts must be made payable
to Denarius Financial Group Inc. Clients expecting funds from abroad
should seriously consider wire settlements to our bank correspondents
for immediate value and efficiency.
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All rights reserved to Denarius Financial Group.
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