SOLUTIONS FOR INTERNATIONAL PAYMENTS IN EMERGING MARKETS
Due to increasing regulations in the area of money laundering and terrorist financing plus revenue models which are under pressure, banks increasingly restrict their services to developed economies. However, the growth markets for international trade are the emerging economies in Africa, the Middle East (for example Iran), and South America. Unfortunately, these countries often know many restrictions on payments, have a non-functioning banking network and a volatile currency.
>> WE HELP YOU SET UP ROUTES TO ENABLE TRADING IN EMERGING MARKETS
2FX Treasury specializes in international payments and can help you set up routes to enable trading in emerging markets. Because we are not affiliated with a particular bank, we can combine products and financial networks of the global banking system, providing customized solutions.These solutions can range from 'simple' payments to commercial finance solutions such as documentary credit (Letter of Credit), potentially in combination with government trade promotion subsidies. We have an extensive global network of banks and contacts within the financial services industry. Besides insight and knowledge of the products offered by these service providers, we also know in which markets they are active. Because of our banking background, we speak the same language which helps to work towards solutions.
>> WE HELP YOU WITH THE SANCTIONS COMPLIANCE AND INTERNATIONAL LEGISLATION
From experience, we also know that setting up routes is not enough. A network consists of multiple links, and payments can, for various reasons, get stuck despite proper preparation. As a result of increased regulations in the field of international trade policy (sanctions), money laundering and terrorist financing, bank are more demanding with regards to sanctions compliance and international legislation. We know these rules. This in combination with active guidance in the settlement process by, for example, contacting the relevant bank directly, ensure that the payment is posted to your account.
>> WE HELP YOU WITH ACTIVE GUIDANCE IN THE SETTLEMENT PROCES
We believe that a good relationship with your home bank is of great importance. Sometimes, however, the relationship is disturbed, or your bank does not want to receive payments from a particular country, while it is an attractive market for you. Because of our banking background, experience and network 2FX Treasury can help you to find an alternative bank. We know the strengths and weaknesses of banks and which markets they are active in. We have good contacts in many banks and can arrange intro ductions and help you to negotiate terms and conditions.
What we often see and hear is that banks appreciate our meditation and that it helps them to improve their relationship with the customer. In particular for countries where there is no direct banking relationship, and they cannot help their client. As a result, service is limited and can not help banks because it is beyond their scope and responsibility. Due to our expertise and the relationship we have with banks, the customer is ultimately helped and insufficient insight into the nature of the transaction that is important to comply with international regulations.