Just setup an fx payments biz for importers. Am I providing the right service?
Author seeks feedback on a new FX payments business for importers, detailing settlement times, margins, and financing options.
I’ve recently setup my own FX payments business for importers who buy goods from overseas. I work with 3 FCA regulated liquidity providers meaning I just handle pricing. So clients can send up to £10m worth of currency same day to pay for supplier goods.
Same day settlements for all G7 currencies
T+1 for exotic currencies
0.05% - 0.5% exchange rate margin
Unsecured Supplier finance for businesses with over $2.5m turnover (revolving credit)
SBLC issued via A rated banks available
All funds cleared via FCA regulated accounts
Are there anything i’m missing here that matters to importers, I want to make sure i’m providing a service that solves a problem.

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