Corporate FX was started in 2001 by a group of individuals that recognised commercial businesses did not have traditional routes to gaining foreign exchange facilities that provided the highest levels of service and the keenest prices. CFX successfully provides bank-beating rates of exchange, as well as first-class international settlement and treasury services. This has enabled the company to grow and expand through excellent levels of client retention and client referral. As of April 2009 CFX employs 48 people and has transacted £5.5bn in 34 currencies.

We are located in the heart of the City of London on Cornhill, very close to the Bank of England and Bank tube (Northern, Central; and Waterloo and City Lines). We welcome visits from new and existing clients so please contact us if to arrange an appointment. Please click here for map and contact details.

Corporate FX operates a range of client transaction accounts and separate business accounts with Lloyds TSB. By having segregated accounts, we ensure that client monies never form part of company assets.

Each individual credit is allocated to a particular client and subsequently attached to an individual transaction, as well as being given a unique code for cross reference. This ensures that all of our client’s incoming and outgoing funds (and currency balances) are easily and effectively identified.

Corporate FX is regulated by Her Majesty's Revenues & Customs and as a Money Services (MSB12140164) and subject to UK Money Laundering Regulations and periodic inspections. A future change in the regulation of MSBs is due over the next two years and Corporate FX is currently preparing an application for FSA supervision to be effective by the end of 2009.

• Bank-beating rates of foreign exchange
• Bespoke hedging facilities and treasury assistance
• Proactive customer service
• Dedicated dealer as sole point of contact
• An on-line international payments and FX dealing platform - SmartFX
• Expert settlement of International and Domestic payments.

We purchase currency on your behalf from the interbank FX market, which is where banks buy and sell foreign currency on a wholesale basis. The difference between where we buy the currency and supply it to our client is the ‘spread’. Once we have received the price to purchase a currency we then calculate a small spread before the price is offered to our client. We are able to consistently give a better price than banks as our overheads are lower and we focus on one financial market place, ignoring loss-leading activities.

You don’t, but our raison d’être and proposition is built on providing clients with competitive prices. Our goal is to protect clients' ‘bottom line’ whilst enhancing their returns from trading. By optimising their timing and increasing their trading options, we are very confident of delivering great outcomes.

Buying currency ‘Spot’: A commonly used transaction to buy or sell currency for short term delivery, based on current rates. Buying currency ‘Forward’: A transaction that allows you to fix a rate of exchange for currency, based on today’s market rates, for delivery at an agreed date in the future. Using 'Limit Orders': This method of trading allows clients to place an order above and/or below current rates, to buy or sell currency at a specific rate of exchange

The process is very simple. Please fill out our application form (click here) and return it to us along with:

• Personal identification (for signatories) - legible copies of passports/driving licences and a copy of a recent utility bill to confirm home addresses.
• Certificate of Incorporation
• Certificate of VAT (if applicable)

Once these documents have been examined, you will receive an individual client code and are well on the way to executing transactions. You will then be contacted to confirm your trading limits and to outline the benefits of your facility.

The process of buying currency through Corporate FX is simple. You make contact with your dedicated Dealer and explain the transaction required. Your dealer will then make contact with various counter-parties on your behalf in order to gain the best price possible. This rate is passed on to you and once this is confirmed, along with the relevant delivery date, the transactional information is forwarded to you, as confirmation of the trade.

When you book your trade you will be sent Information advising you how to pay your funds to us and by which time you should pay. Your payment/s will be made on the value date to the beneficiary of your choice and we will be able to provide you with a copy of the payment as soon as the funds have been sent.

There are two ways to send your payments. If you would like to get the funds to get there as soon as possible the express charge per payment is £20, if you have a bit longer for the funds to get their destination the standard charge is £10. Please ensure you provide complete banking instructions as this should avoid any correspondent charges being deducted from the payment.

Corporate FX has been approved for participation in the Direct Debit system and will be fully operational by the end of June 2009.

Yes, Smart FX is the online international payments platform owned and operated by Corporate FX. It offers financial decision makers a whole host of benefits which include:

• Live market rates in all common cross currencies
• The ability to make Spot and Forward transactions
• An international payments engine that stores template details
• Real-time credit and debit information on all currencies
• A full trading history including current currency balances
• Multi-user facilities for clients
• 24/7 access to the platform.

Please speak to a member of the Corporate FX team about access to this leading financial market tool on 0207 743 7000

A forward contract is a deal that enables a client to buy foreign currency based on current market rates, for a delivery at a pre-determined date in the future (up to one year ahead).

Corporate FX offer their clients the ability to take part or full delivery of their currency at an earlier date (Drawdown), or if business circumstances dictate, defer payment and delivery of the currency (Rollover) to a later date. A deposit will be required for each forward deal which acts as security and is deducted from part or full settlement of the trade.

Our clients regularly use forward contracts as an important part of hedging their foreign currency needs, protecting their profit margins and identifying cost levels.