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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 at the time of the announcement and before, Anglo Scottish Asset Finance acted as a broker, not a lender. We are now a broker and lender. 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.

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

How Asset Finance Solutions Transform Commercial Fit-Out Projects

Commercial fit-outs demand substantial upfront capital that can strain business cashflow – but asset finance solutions spread these costs into manageable instalments while preserving working capital for growth.

The Funding Gap: Why Traditional Lenders Say No To Startup businesses (And What to Do About It)

Every startup business reaches a point where it needs funding to grow, but securing it can be difficult without an established trading history leaving many startups facing a funding gap just as they are ready to invest and move forward.

The Growth Guarantee Scheme Just Got a Major Upgrade — Here’s What It Means for Your Business

If you looked at the Growth Guarantee Scheme (GGS) a year ago and decided it was not the right fit for your business, it may be time to take another look. Since launch, the scheme has changed significantly, and the government has now announced its biggest expansion to date.