X

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

...Read more

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

The Netflix of Business Equipment: Why Subscription-Style Financing Is the Future

Today, flexible finance models centred on usage are enabling businesses to achieve greater agility and efficiency. If you’ve noticed that your Netflix subscription offers more flexibility than your last van purchase, the same concept can help transform your business.

What TikTok Won’t Tell You About Car Finance

More young people are turning to TikTok for advice on a wide range of topics—but when it comes to car finance, should we really be relying on influencer guidance?

Seasonal Payment: Strategies for Off-Season Success

Discover how you can keep your business moving forward and protect your financial wellbeing during quieter seasons with dynamic funding seasonal payments for off-peak success.