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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

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There's an old saying "you've got to spend money to make money". And  while there may be a small amount of businesses who can grow without investment, the majority of growth can only come from strategic spending. We look at the signs that might lack of investment might be holding your business back, and how you can spend while migrating the risk.
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How Vendor Finance Can Boost Your Equipment Sales

Discover how to bring vendor finance into your sales process and help buyers move forward with confidence.
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Discover What to Compare Beyond Asset Finance Rates

When you invest in essential equipment, vehicles or machinery, the finance agreement needs to work for your cash flow as well as your growth plans. An attractive finance rate is only part of that decision. Consider what you will pay upfront, how the repayments fit alongside wages, supplier invoices and other commitments, and what you will owe at the end of the term.
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