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Do your FX at point of execution, for all transactions with RBS’s GlobalXChange

RBS has brought together several of their existing FX and payment services into the new GlobalXChange service(GXC) which offers a single account solution for all payables and receivable regardless of currency:

Source & Copyright©2012 - RBS

RBS's clients agree an FX spread based on their FX volumes per FX pair. This real-time rate (for some 35 currencies, soon to be extended to 132) is applied at the point of execution, for example, for bulk currency payments from a single account:

Source & Copyright©2012 - RBS

Single account operation and other transactions
Using the single account for all currencies removes the need for holding multiple accounts per currency, saving many costs and administration. All payments and receipts are made/received from this account.

GXC can be used for all types of cross-currency transactions, including locking in the FX rate when completing a LC in a trade transaction, rather than waiting to settle it later.

 


GXC facilitates efficient, streamlined and cost-effective cross-currency transaction management. The FX payment market just became even more competitive.

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