Business foreign exchange

Business foreign exchange

Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan A bit of background If your company trades internationally, you are more than likely to make or receive international payments. We provide tailored services to help companies manage this process and to make the most of their funds. We are also authorised and regulated by the FSA and have excellent ratings from D&B, Equifax, Graydon and other credit agencies, which means that you can be confident that your money will be secure. We offer a number of services, ranging from simple one-off payment solutions to high-level risk management strategies. Security, reliability and speed come as standard. As a charitable organisation, we need to ensure that our international payments are made in the most cost-effective manner. Moneycorp offers significant savings on both the exchange rate and transfer fees, which means that more money gets to where it is needed most. A friendly and efficient service, coupled with a genuine understanding of our needs makes Moneycorp a great business partner to work with. Care International UK How we like to do business We work with organisations of all sizes, across a range of industries. And we tailor our services accordingly. If you decide to use Moneycorp, you will be assigned a dedicated Dealer who will get to know your business inside out. They will work closely with you to manage your foreign exchange requirements, ensuring that our solutions always remain in line with your objectives. Expert knowledge With the guidance of your Dealer, you ll be able to make better-informed trading decisions. We ll help you protect your business from the risks associated with foreign exchange, as well as take advantage of favourable rate movements when it suits you. Great exchange rates We specialise in foreign exchange and our buying power means we can offer you better exchange rates than a high street bank. Better access We operate extended office hours and our online trading services are available whenever the markets are open. That means your company can trade when it needs to and your account management team is only a phone call away if you have a question or need any help. No unnecessary costs Our transfer fees are some of the lowest around, so you can make further savings with Moneycorp. When trading in a market as volatile as foreign exchange, it s absolutely necessary to receive the most comprehensive information possible. The expert guidance that we receive from our personal Dealer has allowed us to take advantage of fluctuations in the euro, ensuring that we get the best exchange rates available. E. A. Carey (Europe) Ltd 22 September G5 agreement sparks 2-year dollar slide 244/$ 132/$ (85%) over a period of 26 months. 230 220 22 2 16 210 200 Market Snapshots Currency markets are constantly on the move, and trading at the right time (in the right way) can make a real difference to your bottom line. Market Snapshots are featured throughout this brochure as a reminder of just how volatile exchange rates can be... Where were you at the time? And how did your business react? 190 180 170 160 150 03

Where we can help Your business is unique. So are your foreign exchange requirements. That s why we offer everything from spot trading services to risk management advice... Foreign exchange and basic international payments You can call us or go online to arrange a straightforward transfer. If you need to complete multiple trades, talk to us about your overall business requirements and we ll work out the best solution going forward. FX risk management We can help you develop (and implement) foreign exchange hedging strategies in line with your ongoing trading activities. Our expert Dealers will monitor the currency markets for you, keeping you updated on what you need to know when you need to know it. They ll provide specialist guidance and help you decide which of our foreign exchange products will suit your business best. FRM consultancy services Market volatility means increased risks, but it also means new opportunities. Moneycorp Financial Risk Management Ltd (Moneycorp FRM) can help you identify the potential benefits of market movements as well as plan for the possible pitfalls. This is a fee-based consultancy service, where the cost is dependent on your specific requirements. Our advice will always remain impartial and objective, and we will always respect your existing banking relationships. Having worked with Moneycorp for over six years, the support and personal service we receive is second to none. Their expert knowledge of the currency markets has consistently helped us minimise the risk that can be involved when trading foreign exchange. 2 February G6 agreement to stop the dollar s slide proves ineffective $1.52 $1.69 (11%) against the pound over a period of three months. Giant UK Ltd 1.66 1.64 1.62 16 September 1992 Britain pulls out of European Exchange Rate Mechanism (ERM) DM2.70 DM2.40 (12%) over a period of three weeks. 1992 2.7500 22 2 16 14 1 9/16 9/17 9/18 9/21 9/22 9/23 9/24 9/25 9/28 9/29 9/30 10/1 10/2 10/5 10/6 Face to face, over the phone or at the touch of a button Whether you like to do things online or you prefer the reassurance of speaking to a member of our team, we ll do our best to create the right trading experience for you. You can even visit our trading floor if you want to get a better idea of how things work. Online Quick. Easy. And cost-effective. Our web-based system Moneycorp Online has been designed to save your business time and money. A user-friendly interface allows you to make payments and hold balances in multiple currencies, execute foreign exchange deals at competitive rates and manage your recipient details all at the touch of a button. The system is particularly useful if you need to make large numbers of transactions or pay multiple recipients. www.moneycorp.com» We employ Dealers who are Members of the Society of Technical Analysts (MSTAs) and our Account Managers are experienced traders. 2.7000 2.6500 2.6000 2.5500 2.5000 2.4500 2.4000 1.60 1.58 1.56 1.54 1.52 Over the phone It s good to talk. So if you decide to give us a call, you ll get straight through to a friendly, well-informed professional. Our staff have years of experience in corporate foreign exchange and they re used to working with businesses of all shapes and sizes. +44 (0)20 7823 7400 Feb 6 Feb 13 Feb 20 Feb 27 Mar 9 Mar 16 Mar 23 Mar 31 Apr 8 Apr 15 Apr 22 Apr 30 04 05

Products We offer a range of products to help you manage your foreign exchange exposure. Some of the most popular ones are outlined below... Spot contract A Moneycorp spot contract allows you to fix an exchange rate and apply it to a money transfer that you want to make within ten working days. There is no need for a deposit, but settlement of funds must take place before the currency is due to be paid out. Spot contracts are therefore suitable for businesses that need to make a payment quickly and are looking for the most competitive rate available. Forward contract This type of contract allows you to fix an exchange rate and apply it to a money transfer which you are planning to make in the future (up to two years ahead). You can do this even if you don t have all of the funds available at the time you book the trade. Forward contracts are suitable for businesses looking to protect themselves against adverse rate movements, as well as those that want to fix a rate that they see as particularly favourable. September November 2000 Eurozone Central Bank intervention Support for undervalued euro proves ineffective. 0.883/$ 0.863/$ (2%) over a period of five weeks. Limit order This allows you to set a target exchange rate at which, if achieved, you will buy (or sell) your currency. Limit orders are useful if you have upcoming payments but are not restricted by tight deadlines and therefore have time to try and achieve a better exchange rate. 9/29 10/9 10/16 10/23 10/31 11/8 11/15 0.8800 0.8700 0.8600 0.8500 0.8400 0.8300 Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2007 Stop loss order This allows you to set a worst case exchange rate at which, if achieved, you will buy (or sell) your currency. Stop loss and limit orders are often run together. This enables companies with no particular time restrictions to aim for a favourable exchange rate, whilst ensuring that, should the markets turn against them, they don t lose out. (At the moment your stop loss or limit order is triggered, the other is immediately cancelled.) 2008 Typically an option is a contract that gives you the right but not the obligation to exchange money at a pre-agreed exchange rate on a future date (both specified by you). You are not obliged to deal at the pre-specified rate and can choose to deal in the spot market if the spot rate in the future is more favourable. However, for the extra flexibility that foreign exchange options can provide, there is a cost to purchase these contracts in the form of an up-front premium. This premium is non-recoverable. In many ways, simple ( vanilla ) options act like an insurance policy* you pay a premium to provide a worst case rate (the strike rate of the option) but you have unlimited upside if exchange rates move in your favour. Foreign exchange options can be taken out on any major currency for a period of anywhere between one week and two years. 1.4500 22 2 16 14 18 00 14 September 2007 Northern Rock collapse and banking crisis sparks GBP crash 1.26 1.02 (19%) over a period of two months at the end of 2008. Options Provided by Moneycorp Financial Risk Management Ltd (Moneycorp FRM) part of the Moneycorp Group 1.4000 1.3500 1.3000 1.2500 1.2000 1.1500 Foreign exchange options and other derivative products are not suitable for everyone and you should ensure you fully understand the risks involved before purchasing these products. Moneycorp Financial Risk Management Ltd is authorised and regulated by the Financial Services Authority for the conduct of designated investment business. For more information on options please contact us. Call us to find out more about opening an Account: +44 (0)20 7823 7400 2000» can We specialise in worldwide payments and understand the complexities of moving money overseas so we help you avoid delays and unnecessary costs. Or visit www.moneycorp.com * Foreign exchange options are not pure protection insurance policies or general insurance policies as defined by the Financial Services Authority. 06 07

FAQs Making a payment the basics What are the costs involved? Opening an Account with Moneycorp is free. We don t charge commission and we provide free access to specialist market information. There is a nominal transfer fee each time you complete a trade (but it will normally be cheaper than using a bank). For specialist services like Moneycorp FRM, costs will vary, depending on your specific requirements. How can I track the progress of my payments? You can check online anytime, day or night. Alternatively, you can call us on +44 (0)20 7823 7400. We re available 7:30am 6pm (UK Time), Monday to Friday. How do I transfer my funds to Moneycorp? You can send us your money by making an electronic transfer to our designated client account. You will need to ensure that funds reach this account before your currency is due to be paid out. We will provide you with all the necessary details when we confirm your trade. Will my payment reach my supplier/ beneficiary on time? Yes, as long as you transfer your money to us in time so that it reaches our account before the currency is due to be paid out. Payment delivery times vary according to currency, but it is possible to achieve same-day delivery for sterling, euro, US dollar and Canadian dollar payments. What market information does Moneycorp provide? Our qualified Dealers gather accurate, up-to-the minute information, from a range of sources including banks, research organisations, independent forecasters and other economic institutions. And they ll provide you with as much or as little information as you want. Can I trade spot and forward at the same time? Yes. You can enter into spot and forward contracts with us at the same time. We can tailor trades and contracts to suit you. How much can I trade? You can trade very small to very large amounts. Can I pay my supplier directly? Yes. You don t need to supply separate instructions for conversion and supply of funds to suppliers (like you would have to if you used a bank). We will manage this whole process and make sure the funds are delivered directly to your suppliers. How do I know that my money will be safe? TTT Moneycorp Ltd is authorised and regulated by the Financial Services Authority (FSA) as an Authorised Payment Institution and is legally required to safeguard client funds held in respect of a payment service. Client funds are held in segregated accounts separate from the Firm s own money and we also have special agreements in place with banks like HSBC which held to protect people s money. Any client funds held with Moneycorp Financial Risk Management Ltd (authorised and regulated by the FSA for the conduct of designated investment business) are subject to FSA client money protection. We are very well capitalised and in most cases are not exposed to major credit risk. Further information can be found on our website, including the latest annual report and accounts (which have been audited by PriceWaterhouseCoopers every year since ). It s also reassuring to know that Moneycorp has been in business for more than 30 years and has excellent ratings from Dun & Bradstreet, Graydon and other credit agencies. Using the online system is very simple and there is always support and guidance available at the end of the telephone. Operating in an environment where profit margins are tight, price is very important to us and using Moneycorp we get the best exchange rates possible in line with our requirements. Vamos Travel Open a free, no-obligation Account with us by registering your details online, or by calling the team on +44 (0)20 7823 7400. Discuss your requirements with your personal Dealer. They will be able to provide latest exchange rates and will talk you through the choices available. If you are happy with the exchange rate and type of contract offered, you can agree and book your trade verbally. You will receive confirmation of your trade (a Contract Summary) and you will need to provide details of the beneficiary who will be receiving the foreign currency. Send your funds to the Moneycorp client account, so that they arrive on or before the agreed date when the currency is due to be paid out. Once your funds have cleared, we will then send the foreign currency to your beneficiary (by SWIFT) on the agreed date. 14 March 2011 Japanese tsunami yen strengthens rapidly in anticipation of asset repatriation 82/$ 77/$ (6%) in two days. 08.00 16.00 08.00 16.00 08.00 16.00 08.00 16.00 08.00 16.00 14 Mar 2011 15 Mar 2011 16 Mar 2011 17 Mar 2011» We invest in the most up-to-date systems, payment platforms and technologies helping us deliver competitive prices and market guidance. 18 Mar 2011 82.00 81.00 80.00 79.00 78.00 77.00 08 09

Other services for you, as well as your business Personal money transfers We re not just here to help with large-scale corporate transactions. You can benefit from our services if you need to make personal payments too like an overseas property purchase or tuition fees for a child studying abroad. Wholesale services If your organisation needs to buy currency notes in bulk, our specialist Wholesale Division can meet requirements like this. We are a recognised leader in foreign exchange and bulk currency trading, as well as worldwide service delivery. We supply businesses ranging from cruise ships and travel companies to private banks and other FX brokers. Currency on the go We sell travel money over the counter at our bureaux de change, which are located across Central London as well as Gatwick, Stansted, Southend and Southampton airports. We also operate a network of ATMs at these sites and offer other travel-related products (including travellers cheques). Multi-currency prepaid card You can have up to 14 different currencies on our secure, PIN-protected Explorer card and that s a world first. (You won t get a prepaid card anywhere else that lets you load and manage this many currencies.) You can use it wherever Visa is accepted including 31 million merchant outlets worldwide and more than 1.4 million ATMs and you can lock exchange rates to protect against negative currency movements. Facts and figures Moneycorp Trading name of TTT Moneycorp Limited 1962 Company incorporated 1979 Started dealing in foreign exchange 2.4m Customer transactions in 2011 11.1bn Traded in currencies in 2011 600 Dedicated employees Providing comprehensive foreign exchange and money services: The Royal Bank of Scotland (RBS) Special Opportunities Fund is the sole institutional investor in the Group, with a total shareholding of 95.75%. Offices in the UK, Spain and the USA. Substantial client list including many blue-chip companies and organisations. Annual accounts have been audited by PwC since. Excellent rating by D&B, Equifax, Graydon and other credit agencies. Authorised and regulated by the Financial Services Authority for the provision of payment services. Licensed Money Service Business. Private company with an established reputation, focused on long-term customer satisfaction rather than short-term gains. Clients are welcome to visit our FX trading floor or Head Office, both in Knightsbridge, London. Online travel money Buying your travel money online with us is easy. It should only take a few minutes and we ll deliver your currency straight to your door, via Royal Mail Special Delivery. You can choose from over 60 currencies (as well as travellers cheques) and we offer free next-day delivery on orders of 500 or more. Guaranteed pre-9am and Saturday delivery options are also available. For more information on any of these services, visit our website: www.moneycorp.com 10

DES0522 Moneycorp 100 Brompton Road Knightsbridge London SW3 1ER United Kingdom T +44 (0)20 7823 7400 F +44 (0)20 7823 7715 www.moneycorp.com TTT Moneycorp Limited is authorised and regulated by the Financial Services Authority for the provision of payment services. Moneycorp Financial Risk Management Ltd is authorised and regulated by the Financial Services Authority for the conduct of designated investment business. Moneycorp is a trading name of TTT Moneycorp Limited. Registered office: 2 Sloane Street, Knightsbridge, London SW1X 9LA. Registered in England: No 738837. Incorporated 1962. Worldwide copyright TTT Moneycorp Limited 2012.