FAQ & Glossary
International Payments FAQs
Why choose Cambridge
Mercantile over a bank to make international
payments?
How are Forward Contracts and a Futures
Contract Different?
Can a Forward Contract be terminated
early?
Do forward contracts or swaps have any
hidden fees?
What is the difference between a wire
and a draft?
How can I get my money in my hands,
now that my customer in Taiwan has unloaded my shipment?
I bought a property in Spain and my
payments are due. Can I get the money there to seal
the deal on time?
Why choose Cambridge Mercantile
over a bank to make international payments?
Cambridge Mercantile UK specializes in international
payments and foreign
exchange. Your business will do better with
us, because we are able to give you more personal
attention and better rates than the high street
and other European banks. You need this advantage.
How are Forward Contracts and
a Futures Contracts Different?
A currency exchange Forward
Contract is a guarantee of a set
exchange rate for transactions that will be completed
at a future date, or series of dates. A Futures
Contract is an investment option in commodity
trading such as pork bellies or natural gas.
Can a Forward Contract be terminated
early?
Yes it can. But since there are fees associated
with the transaction, it will involve extra fees.
Do forward contracts or swaps
have any hidden fees?
No. Your costs are specified in advance. You will
know exactly what you will pay when you enter into
the agreement.
What is the difference between
a wire transfer and a draft?
A wire (sometimes called a wire
transfer), is an electronic transfer of funds
which is instantaneous. A draft is the issuing
of an international check.
How can I get my money in my
hands, now that my customer in Taiwan has unloaded
my shipment?
We are able to collect your funds anywhere in the
world, and immediately wire it to your account. Cambridge
Mercantile has accounts in major banks in all major
trading nations.
I bought a property in Spain
and my payments are due. Can I get the money there
to seal the deal on time?
It normally takes 2 days to get your money to the
desired location. In exceptional circumstances we
can execute same day settlement in Spain or other
areas of Europe, subject to certain limitations.
CambridgeFX UK can obtain
the lowest foreign
exchange rates, whether in Euros, Pounds, Francs
or US dollars. You'll receive friendly, efficient
foreign exchange services including money
transfers, account management information, and
transaction reporting. Are you purchasing Spanish
properties and need fast, secure transfer of
your funds from Britain to Spain? Our UK or Spanish
traders are ready to help you with this transaction.
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