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The Financial Conduct Authority (FCA) announced on 11 January 2024 that a review will be conducted in the vehicle finance market regarding Discretionary Commissions. We want to inform our customers that Anglo Scottish Asset Finance acts as a broker, not a lender, and if you believe you have been impacted by this issue, please contact your car finance lender. For further information, please click here

The Financial Conduct Authority (FCA) announced on 11 January 2024 that a review will be conducted

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FX Transactions

We combine our finance knowledge with our partner’s expertise of foreign exchange to help put you in charge of your currency risk management strategy.

With access to alternative solutions to banks and traditional bureaus de change, our team can provide spot conversions and forward contracts to minimise exchange rate fluctuation risks.

What is FX

FX or foreign exchange (Forex) is the process of exchanging one currency for another.

For example, swapping the U.S. dollar for the Euro, or Euro to GBP. If you want to exchange Euro for US Dollars, this would be referred to as a currency pair. As Euro is the currency you are exchanging, it is called the base currency. The US Dollar is the currency you are exchanging for and is known as the quote currency.

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Need help? Call us on 0191 410 4776

Who needs FX services?

Businesses who either import or export goods and services around the world will need FX transaction services. For example,

Businesses may need to exchange money in order to pay international suppliers. Or they need to convert the money they received from a foreign buyer into their native currency.

If businesses are regularly exchanging currency for this reason they may choose to make use of Forex futures contracts.

Forex futures are exchange-traded currency derivative contracts obligating the buyer and seller to transact at a set price and predetermined time. This can reduce exposure to the risk created by currency fluctuations, and speculation.

CASE STUDIES

You Can Finance That? The Weirdest Assets Funded Over The Years.

It might surprise you, but asset finance isn’t all diggers and tractors, although we do finance a lot of them. We can actually finance almost anything (within reason), and in the past 17 years, we’ve certainly seen our fair share of odd assets.

Artificial Intelligence and Robotics, The Future of Farming?

From implementing innovative technologies to diversifying their crops, farmers and crofters in the UK have shown incredible resilience in the face of adversity. By collaborating with researchers and agronomists, they can stay ahead of the curve and ensure sustainable practices for the future. We look at some of the solutions being utilised to protect the future of farming.

Choosing An Electric Commercial Vehicle, Everything You Need To Know.

Looking for an a new electric commercial vehicle? there are various avenues through which you can obtain one so we look at your buying options so you can make an informed decision.