Types of Contracts
Spot Contracts
A spot contract is when you book a rate today for delivery in two days’ time. If you prefer, we can also exchange your currency same day or next day.
NIFX Global offers you the opportunity to book your foreign exchange transfer by telephone, email or by signing in above on our online platform.
- Very competitive real-time exchange rates that can provide significant savings compared with a bank or broker.
- Free same day transfers.
- Your rate is confirmed immediately and we notify you by email when receipts and payments are made.
- Beneficiary details are saved in your account to automate the process.
Forward Contracts
Many businesses use forward contracts to hedge or protect themselves against adverse currency movements in the future, usually a date within the next 12 months.
You can book these by ringing us on 028 9268 3036
We can provide:
- Fixed date forward contracts.
- Window forward contracts which give you the flexibility to fix your rate and make your payment between any two dates in the future.
Types of orders
If you have a currency rate in mind which is not currently available in the market, you may leave us an order to execute your instruction if the market reaches your target rate.
We will monitor the market on your behalf 24 hours a day to help you achieve that exchange rate.
Limit Order
A limit order is an instruction from you to buy or sell a currency below or above the current market rate. Once that rate is reached, we will automatically buy or sell at that rate for you.
Stop Loss Order
A stop loss order is an instruction from you to buy or sell a currency worse than the current market rate. It can be used to protect against significant adverse movements or to quantify an acceptable loss should your targeted rate not be achieved.
Stop loss and limit orders can also be placed together.
Other Solutions
Our currency bank accounts provide flexibility and cost savings. Offer our payment details to your customers and let them pay you in your customer’s currency. You then decide when to convert
From one currency deal, you can transfer to hundreds of payees.
Get more from your money.
Maximise the return on dash deposits that are also fully protected by the FSCS and meet your liquidity need. Guided by an expert Treasury Manager.
