FOREX CONSULTANCY SERVICES
 
 

The wild volatile and liquid nature of the global currency markets makes it imperative to effectively manage currency risks. Whipsawing intra-day movements can wipe out corporate bottomlines on import payables and export receivables where decisions taken at the right time can make or break margins. Water tight margins and cutthroat competition in today's scenario calls for all possible avenues to cut costs and maximise profits.
To cater to this aspect of tiding over currency risks, VKC Financial Services (P) Ltd. is offering a variety of services like
1) Risk Management Services
2) Information Services

 

1) Risk Management Services :   
• Tracking & proactively advising you on managing currency exposures updated by you regularly and providing the required feedback.
• Structuring transactions to leverage opportunities by way of forward premiums and discounts.
• Providing access to live currency quotes including forward premiums/discounts, reports, views and articles on our website.
• Designing, developing and implementing financial structures and strategies to maximize export earnings and reducing costs of imports.
• Any other advice on a case-to-case basis on client specific problems and unique transactions in the areas of forex and international finance.
• Developing suitable basis for benchmarking the client's exposures. Benchmarks would serve as reference points for evaluating the performance of the client's treasury.
We also send information reports thrice a day by email which features
• Export - Import rates , Forwards for the currencies of USD, EURO, GBP, YEN, AUD, CHF, CAD and Annualised Premium for USDINR
• LIBOR - MIBOR - MIFOR interest rate swap - Commodity prices - Indices - Prime lending rates for different countries
• Market Reports ( morning, noon and evening) that gives a bird's view of the market movements and currency dynamics for the day

2) Information Services :
Our Information services aim at providing up-to-date information to you on various aspects of the markets in the following ways:
• Daily info reports : These provide live and comprehensive information on global currencies, forward premiums, international interest rates (Prime and Libor), and our analysis and views on the same. Reports will be sent thrice a day (at 10 am, 1 pm, and 5 pm)
• Online info / website : Live data of currencies, forwards, interest rates, Reports, News events across the globe and in India, Economic calendar, Global holidays and Guidelines by RBI and FEMA, and Articles on burning issues.
• Desktop Ticker : A crown feature to our information services. This ticker disseminates the following information (with a time lag of 2 minutes):
a) It displays the rates for all the major currencies along with forwards.
b) Also shows charts for all the major currencies for a month’s time
c) Displays minor currency rates as well.
A small feature but a big value addition to our customers.
Our Information Services help you to:
• Negotiate and improve on the rates offered by banks for import transactions.
 Make optimum decisions for remittances on cash / spot basis keeping in mind the discount offered and funds position on that day.
 Make the payments at the right time in case of payments with flexibility of a few days to weeks. The basis for decisions shall be factors like interest loss, view on the currency involved etc.

IMPORT FUNDING
 

In our endeavor to help Indian corporates finance their Import businesses, VKC Financial Services (P) Ltd. extends Import funding syndication services in addition to other forex services like Currency Risk Management and Information Services. We have an excellent working arrangement with many reputed global banks and Indian Banks with overseas branches which gives us the flexibility to arrange Letters of Credit to our clients structured in a way that suits their need at LIBOR related competitive rates. The interest element is determined on the basis of Libor for the concerned currency. The spread over Libor at which the financing is done ranges from 0.1% to 1.00% depending upon, the size of the transaction, the usance period, the country of export's interest rates.

  We also undertake rollover/extension of L/C's upto a maximum of 360 days with the approval of RBI (we take care of the RBI approval for you).
        In this context we help in the following ways:
        • Obtain a firm letter of offer from an overseas Financing Bank for financing the L/C for a further period of 180 days (or as the case may be)
        • Obtain necessary RBI approvals for the company.
        • Provide any assistance to ensure that the transaction goes through smoothly.     
 We arrange Direct Buyer's Credit and Supplier's Credit.

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