User Guide. Setting a Market Order. Adding a Beneficiary. Making a Transfer

Transcription

1 User Guide Adding a Currency Online Ltd (ARBN ) holds and Australian Financial Services Licence (AFSL) No and is regulated by the Australian Securities and Investments Commission (ASIC). You can view a copy of both our Financial Services Guide and Product Disclosure Statement at

2 Adding a To send funds to a new account you ll need to add them as a beneficiary before you start your currency transaction. A beneficiary is the person or business that will receive your bought funds. Once you ve loaded a beneficiary, the details are stored permanently should you need to send funds to that person or business again in the future. Currency Online allows you to set up as many beneficiaries as you need to. Once you ve logged in, go the My Beneficiaries tab and select Add a New. Input the relevant details of the person or business you wish to send funds to. Important Note: Add the address of the beneficiary, so they receive confirmation of when you disburse the funds to them. The screen will refresh with currency specific bank details as you input the information. New To associate a new beneficairy with Mr. A Client account, complete the form below. Name * Joe Bloggs Default Reference Address City Bank Details In this section, please supply the banking details of the beneficiary Currency * (Page will reload after selection) -- Not Specified-- Country * (Page will reload after selection) -- Not Specified-- Bank * Branch * Click add beneficiary and this beneficiary will be saved under your account. Now you re ready to transfer your money. Address Confirm Address Account Number * SWIFT Code / BIC

3 The 3-Step Money Process Step 1 Get a quote Before you start the transfer process, make sure you ve added the beneficiary you wish to send your bought funds too. If not, please refer to Adding a if requried. One you ve logged in to your account, an international money transfer with Currency Online can be done in 3 simple steps, all from the comfort and convenience of your computer. Login and go to the Currency s tab and select Get a Spot Quote. Important Note: Spot is the term for currency that is bought or sold that day for immediate use and is the most common form of an international money transfer. Enter your transaction details. If you are selling a fixed amount, enter this amount in the Client Sells box and leave the Client Buys box clear. Do the opposite if you are buying a fixed amount. In this example we are selling 50,000 Great British Pounds and buying US Dollars. Click Get Rate. Click Get Rate Enter the currency and amount you wish to sell Spot Quotation Once you are happy with the rate provided and wish to proceed with the contract, you need to acknowledge (by clicking in the tick box) that you understand you are entering into a contract by clicking the Accept Quote button. click Accept Quote button. You will then be taken to the contract details screen. If you would like to change any details, click Change Quote Click to acknowledge you are entering into a contract. Check you have entered the correct details, then click Accept Quote

4 The 3-Step Money Process Step 2 Select your beneficiary Contract Details Contract C has been created. Please review the details and decide how you want to disburse the proceeds of the contract. You also have the opportunity to specify a reference for this contract below. At the top of the Contract Details, you can add a reference (not compulsory) that you would like to appear on your contract. Contract C Details Your reference Enter a reference to appear on your contract. The text you enter will be associated with the contract when you click either Hold on account below, or when you have specified the beneficiaries of this contract. Deposit on house Mr. A Client Add a reference Buys USD 80, to appear on YOUR contract Sells GBP 50, Select the beneficiary you wish to receive your funds. You can select any beneficiary that is already listed under your account, how much that beneficiary will receive, and what reference (not compulsory) will appear on their receipt of funds. Funds can also be held on account if you are not sure of the beneficiary details. Funds can then be disbursed at a later date. Once you have selected your beneficiary and have added any relevant reference details, click disburse. Both you and your chosen beneficiary will now recieve confirmations of this transaction. Disburse As Follows Select the beneficiaries to whom part or all of the proceeds of the contract will be disbursed. Any unallocated funds will be held on your account. Click here to specify one or more new beneficiaries. Please Note: The NO FEE thresholds are based on sending the transacted amount to a single beneficiary. Every additional payment from this contract will incur the relevant fee. Any additional fee(s) may not be represented on your contract, but will debited to your Currency Online account for prompt settlement. Your Reference Amount Joe Bloggs Select your beneficiary Add a reference to appear on your BENEFICIARY S contract TOTAL ALLOCATED CONTRACT PROCEEDS REMAINING 0.00 ALLOCATED FROM ACCOUNT 0.00 MAXIMUM ALLOCATION REMAINING 0.00 Click to disburse

5 The 3-Step Money Process Step 3 Review contract & make payment Mr. A Client Date you entered into the contract From here you can review the contract you have just completed. A PDF version is available for you to save to your computer or print if you prefer a hard copy. Currency Online does not charge you fees for transfers above a certain amount. Please refer to our ZERO FEES page at to view our ZERO FEES thresholds. s below a threshold amount will incur a fee and will be highlighted on the contract note. Date we will release your bought funds Fee payable (if applicable) Date you need to pay us your sold currency by You will now need to send your sold currency to Currency Online. Total amount payable by you Joe Bloggs you have selected to receive your bought funds The amount you need to pay and the Currency Online account details are listed under the Balance Settlement Details on the contract. Once we receive your sold currency, we then disburse the currency you bought to your chosen beneficiary on the agreed value date. Bank account details for where you need to send your sold currency to And that is the Currency Online 3-step money transfer process. It s quick, easy and available 24 hours a day. Your funds are delivered securely and on time to your chosen beneficiary.

6 Not happy with the current exchange rate? No problem. You can place a online to target a rate that you would like to achieve and we ll monitor it for you. All the market orders are free to use and are live until cancelled by you. Take the stress out of watching the market rate fluctuate and let Currency Online take care of it. Your order will be live 24 hours and will automatically be executed if the market reaches the agreed rate, at which point you enter into a binding contract. Different Order Types Most frequently used s Spot Limit Order This is an order to sell one currency against another at a predetermined rate that is more favourable than the current market rate, therefore allowing you to capture positive market movements. Stop Loss (Spot Stop) This is an order to sell one currency against another at a predetermined rate that is less favourable than the current market rate. Stop Loss orders are typically used if you feel the market will move in your favour, but want to protect yourself against adverse market movements if it does not. Other s Spot OCO (One Cancels the Other) This is a Spot Limit Order and a Stop Loss combined. Whichever rate is reached first will automatically cancel the other and a binding contract is created for the executed rate. Forward Limit Order This is an order to sell one currency against another at a predetermined rate that is more favourable than the current market rate, therefore allowing you to capture positive market movements. If the order is executed the contract is for delivery on a future date as specified by you. Forward Stop Loss This is an order to sell one currency against another at a predetermined rate that is less favourable than the current market rate, therefore protecting yourself against adverse market movements, while leaving open the potential to benefit from positive market movements. If the order is executed the contract is for delivery on a future date as specified by you.

7 How to place your order Go to the Currency s tab and select New. Select your order type Select your Type. For this example we will use the most common, a Spot Limit Order. A Spot Limit Order allows you to select a rate that is better than the current market rate allowing you to capture positive market movements. Input your order details. Once you have added the relevant order information, click Compare Current Rate to see the difference between your selected rate and the current market rate, or click Request to lock in your order. Important Note: You have not purchased any currency at this point. This will only happen upon the market reaching the predetermined rate. Again, the order is good until cancelled. Select currency you wish to purchase Select currency you will be paying in Select rate you wish to achieve Enter amount you wish to purchase (if you are selling a certain amount, enter this in the box below) Select expiry date for the order, or tick Good until cancelled (Good until cancelled will remain live indefinitely)