Foreign Exchange

Move your money safely around the world




WEATHERBYS FX

In today’s increasingly globalised society the power to move money around the world efficiently, safely and cost effectively is more important than ever.  With an unrivalled understanding of the bloodstock industry, Weatherbys Racing Bank FX services are specifically designed to manage currency risk and meet the needs of clients when they are buying or selling horses overseas or settling foreign nomination fees.

WHY WE CAN HELP YOU

  • Our FX service is part of a fully approved & regulated banking proposition and our FX staff have ACI Financial Markets Association accreditation 
  • Trading with us eliminates the need for third party transmission fees 
  • Clients have access to a dedicated team to execute trades
  • We price on a matched principal basis meaning every client transaction is reflective of current live market rates 
  • Creating certainty in our clients’ cashflows helps them plan more effectively and focus on what is really important i.e. training / breeding etc.

GET IN TOUCH

 

OUR TAILORED RANGE OF SOLUTIONS INCLUDES:


SPOT MARKET TRANSACTIONS

This is the most common type of FX trade and the name relates specifically to the settlement date. In the wider FX market, SPOT settlement means trade date plus two days.  Subject to certain cut-offs, we can execute the trade and effect settlement same day.
 

FORWARD OUTRIGHT TRADES

These are trades executed for an agreed future settlement date. i.e. you agree to sell GBP and buy EUR on a future date.   Pricing for the future date is calculated based on the interest rate differential between the two currencies concerned, with the adjustment being either +/- added to the SPOT rate.
 

TIME OPTION CONTRACTS

Time options are the same as forward outrights but have added flexibility built in.  Clients can choose a range of dates with full settlement occurring on or between the dates.  Pricing is again driven by interest rate differentials but usually marked to either the beginning or end date.
 

VANILLA OPTIONS CONTRACTS

This is a derivative based contract with an upfront non-refundable premium paid at execution.  The client has to decide on the ‘strike rate’ (the effective market rate at maturity) and the date of settlement.


 
Tattershalls Auction

"Excellent service, a well-trained friendly team and you always get to speak to a human being. Thank goodness for Weatherbys." Luke Lillingston, Mount Coote Stud

ENQUIRE NOW

When entering into FX transactions you can suffer losses.  Please bear in mind that exchange rates can be affected by factors such as interest rate expectations, inflation, macroeconomic events and natural disasters.  You can lose money in FX transactions.  If you are unsure about a transaction, you should seek independent advice.

FIND OUT MORE

To find out more about our Foreign Exchange services, please contact the Weatherbys FX Team