The international payments solution for all the emerging economy currencies
by Kylene Casanova
INTL FCStone offers a broad array of professional services and access to the global foreign exchange markets for commercial and institutional clients. Intnl FCStone have local currency bank accounts in 175 countries so that they can make local currency payments to the account you require. They process US$3bn per month.
To make a payment in local currency
Corporates can log-on to the INTL FCStone web-site and lock in the FX rate for the required payment which then can be made locally. Charges are based on a single FX wholesale rate plus a variable margin which differs per client.
Many banks outsource their FX in the less common currencies to INTNL FCStone.
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