iBanFirst launches its offer of 100% online exchange hedges
Paris, 27 June 2018 – iBanFirst, platform specialising in multicurrency transactions for companies is offering two 100 % online foreign exchange hedge solutions to help its clients neutralise the risk related to exchange rate fluctuations for their international payment flows.
International : iBanFirst helps its clients secure their sales margins
iBanFirst is offering its clients two types of exchange hedge instruments without subscription fees for their trade payables in foreign currencies
The forward exchange contract lets clients benefit from a guaranteed exchange rate to settle their invoices in foreign currencies for predetermined amounts and maturities. Clients have a predetermined reserve of foreign currencies that can be used at a future date within two years after signing the contract. This protects them against appreciation of the purchased currency and secures their sales margins.
The flexible-date forward exchange contract, exclusively available from iBanFirst, secures a single guaranteed exchange rate for settlement of invoices in foreign currencies within a given period. The platform’s clients are able to secure their sales margins with invoices in foreign currencies of amounts not known in advance. This gives them a foreign currency reserve at their disposal at all times throughout the effective period of their contract.
“By offering exchange hedge contracts to our clients, we help them develop their business internationally with no worries”, says Pierre-Antoine Dusoulier, CEO and founder of iBanFirst. “We know it is important for them to be able to plan long term in order to control their sales margin. Our offers let them define their sales strategy internationally under optimal conditions and we are proud to contribute to their success.”
Thanks to these online offers, available simply by activating a module on its platform, with fast onboarding, iBanFirst stands out from the model of traditional banks and its competitors on the FX market. Its clients have numerous advanced configuration options, such as for payment signatures, for example, which can be customized 100% online, whereas they still have to be made manually in other structures.
Founded in 2013, iBanFirst empowers companies to make foreign exchange payments and transfers, using real-time FX rates. We offer a solution that is cost-effective, secure, simple and fast. We recognise traditional banks provide a wide range of services for business, but specifically for FX services to companies, we are a genuine alternative to their complex, costly, slow service and hidden fees. Instead, we offer a platform technology which is purpose-built for efficient ease of use by our clients, while also being fully transparent.
Licenced by the National Bank of Belgium , we are the only service 100% online that creates multiple IBANs in more than 25 different currencies on behalf of companies. The best FX for companies, with iBanFirst better banking means better business.
Emma Arrighi - 01 55 74 84 98
Sébastien Dosne - 01 82 28 37 28