International Bank Draft |
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An International Bank Draft issued by La Financière du Mont Blanc, is
drawn on a reputable local bank, against that bank’s own funds.
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This ensures that when La Financière du Mont Blanc issues a draft on
your behalf, you can take comfort in the fact that your customer will
receive guaranteed cleared funds, after the draft has completed the
normal clearing process.
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International Wires |
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Also known as a wire transfer, FED wire, Electronic Funds Transfer (EFT)
or Telegraphic Transfer (TT).
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An International Wire is an irrevocably cleared direct credit to a
nominated bank account. It is traditionally the fastest and most secure
method of transferring funds, internationally.
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| • | Desktop Drafts - "Draft on Demand" |
Draft on Demand empowers our Financial Institutional customers to issue
foreign drafts (centrally or locally controlled) quickly and
conveniently to any selected location within the existing branch
network, regardless of geographic location.
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Simply, you can print a foreign draft
anywhere at anytime.
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Fixed Forward Contracts
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By minimising foreign currency risk, forward contracts can protect your
profitability and improve your bottom line. A fixed forward must be
utilised and settled on a specific date. It is useful when you have an
invoice to pay or know that a payment will be received on a fixed date.
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Open Forward Contracts
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An open forward contract sets a window of time during which any part of
the contract can be settled as long as all of it is paid for by the
final date. An open forward is designed for those who know they have a
number of bills to pay in a certain currency and this gives them
flexibility about what date they wish to use the currency
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