IFX will work with you to make it as clear, controllable and cost-effective as possible. Depending on your requirements there are a number of options open to you.

Spot Contract - If you have the funds available and wish to exchange all or part of them immediately you can enter into a Spot Contract. Contact us by telephone, email or fax and we will secure the best rate available. Your currency will be available for transfer to any account worldwide the moment IFX has received your cleared funds.

Forward Contract - When your overseas transaction involves a payment in the future, or a series of payments over time, you can enter into a Forward Contract. You can fix an exchange rate for up to two years in advance, with the option to draw on these funds at any time. This contract removes currency risk by locking in your rate and protecting you from adverse market movements during the period of the transaction.

Market Order - If you have time to wait for favourable market movements, you can place a Market Order. Nominate your target exchange rate and IFX will monitor market movements – over an extended period if necessary – and execute the trade once your desired rate is reached.

IFX can also offer you a ‘safety net' mechanism, allowing you to nominate a lower exchange rate, (or ‘Stop Loss' order) that will minimise your losses in the event of a sudden fall in the market.