European import companies with production situation in Africa , Asia , or Latin America often play changeover costs when paying in euro . " The local banking company know you have nowhere else to go , so you ’re at their mercifulness , " says Laurens Maartens of StoneX , a company specialized in cross - border defrayment to less vulgar currencies .
" Our long suit is our match bank internet . When you require to change currentness , there ’ll always be an exchange . Not nigh every money box can do that . When you do n’t have that relationship , you have to front for a bank that can help you . We instantly partner with local Sir Joseph Banks in Africa , Asia , and Latin America , and thus we can always offer the best rate in the local currentness . Moreover , we can guarantee requital are made on the correct currency escort . "
good exchange rate"The advantage of taking links out of the mountain chain is that companies have lower price , and there ’s less prospect of errors : we absent several of these links . Also , thanks to our connection of bank , we can guarantee an improved rally rate . We put out a tender , as it were , so we can always warrant the good exchange rate , " says Laurens , who is StoneX ’s Business Manager in the Netherlands .
StoneX start 30 years ago when its beginner , who worked at a turgid bank , had to convert a hard currency into an exotic one for a charitable foundation . " They discovered , in practice , that many links were needed to get the funding done . They witness opportunities in that and , so , made it their business . "
" Many banks do n’t have those relationships with the local banks anymore ; it ’s not profitable enough for them . We , therefore , now take maintenance of back - destruction payments for expectant external savings bank when they do n’t have a corresponding bank in their connection , " Laurens explains .
Over the last three decade , StoneX has built a immense mesh of local banks all over the humankind . It now handles minutes for the largest outside bank building , including a major Dutch depository financial institution and the United Nations ( UNICEF , WFP , WHO ) . They also help more than 500 non - profit organizations across the globe .
" We gain trust thanks to not only our expertise and meshing , but our service and very competitive rates , too . Nowadays , we furnish payments in more than 175 nation with more than 140 unlike currencies . "
Brazil"Brazil is a great representative of a land where we can provide our customers with extra service . We have a branch there , and that let us facilitate entrepreneurs with both incoming and outgoing monetary fund . We also take care of all the paperwork , and we ’re setting up shop in Colombia . We should open that in 2022 , " says Maartens .
" We can earn significant savings for European companies too , for example , those that import and export fruit , vegetables , and plants , with our without their own leg . That involve really square amount , especially for caller that have production deftness . "
" Payments must be made in the local currency , and many businesses do n’t actualize how much money they can redeem , " Laurens sum . " Often , importers habitually make their payments in euros and dollars . They do n’t even know they can yield in local currency . "
Laurens cry on external fruit , vegetable , and flower trading companies to give StoneX a endeavor . " Comparing costs nothing . We give clients an exchange pace . They , thus , know in advance how much they ’ll have to pay to run across their obligation . Our service is very see-through . We add no additional fees , commission , or other costs , " he concludes .
For more information : Laurens MaartensStoneX Financial GmbHWorld Trade Center , Tower H1077 XV , Amsterdam , NLTel : +31 ( 0 ) 615 478 859Email:[email protected]Website : www.stonex.com
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