CLAREMONT - BUSINESS PAYMENT SOLUTIONS (BPS) C L A R E MON T C ORP ORATE SERV IC ES
WHO WE ARE C O R P O R AT E S E R V I C E S Claremont Corporate Services is an international consultancy designed to work exclusively with corporate entities. The Corporate Services team specialise in providing a variety of Business Payment Solutions (BPS) to international & domestic businesses. Claremont’s focus is to help businesses increase profits by driving down costs and improving operational efficiency. We are able to achieve this by providing our clients access to institutional rates of Foreign Exchange, bespoke fin-tech solutions for money transfer and collection, and providing excellent customer services, no matter the size of the business. 2 2 C L A R E M O N T C O R P O R AT E S E RV I C E S
OUR PROCESS HOW WE WO R K Our Corporate Services team will design a We work with you, and your employees, to gain a better solution tailored to your business; this could be understanding of your current systems and processes, providing access to an exotic currency, creating a the cost of your Foreign Exchange and international risk management plan or as simple as providing transactions. Fundamental to the entire process is obtaining better foreign exchange rates. your previous transaction data for our analysis. 1 3 UNDERSTAND ANALYSE PROPOSAL SOLUTION 2 4 Our dedicated support team will again work with you We take the information and data you and your employees to help implement the solution, provided, and analyse all possible solutions provide training for your team and continue to support and structures for your business. you once the solution is established. 3 C L A R E MON T C ORP ORATE SERV IC ES
SUMMARY OF BPS SERVICES K EY FEAT U R ES O F TH E BU S I N ES S PAY MEN T S OL UTI ON Network working with Reduce company foreign exchange 29,000 businesses and costs by up to 86% organisations Dedicated support/finance Transactions in more than team to work with you and 140 currencies in over 150 your company countries Network Brokers traded 14 Languages available £32.5 billion in foreign exchange in 2019 4 C L A R E MON T C ORP ORATE SERV IC ES
ACCOUNT SECURITY C O R P O R AT E S E R V I C E S Regulated in, but not limited 1 to: EU, UK, USA, Canada. * We only work with Tier1 banks, such 2 as Barclays, Santander & Citibank. All client accounts are 100% segregated, 3 according to UK & EU regulations. 4 Two factor authentication (2FA). 5 * for a full list of regulated jurisdictions please contact bps@claremontcs.com
DEDICATED TEAM C O R P O R AT E S E R V I C E S Personal Meeting - Meet one of your dedicated team in a regional office 1 Phone - Dedicated account manager contactable (24/5) 2 Email - bps@claremontcs.com (24/7) 3 Online Chat - Chat to a consultant in business hours 4 6 C L A R E M O N T C O R P O R AT E S E RV I C E S
COST C O R P O R AT E S E R V I C E S 1 No initial set up fee and no fixed annual fee Foreign Exchange “margin” / rate will be fixed – regulating 2 the total cost of the structure Full transparency - all fees are disclosed, as stipulated in EU 3 and UK regulation All Claremont fees are incorporated into the “margin” / 4 rate of Foreign Exchange 7 7 C L A R E M O N T C O R P O R AT E S E RV I C E S
ONLINE FOREIGN EXCHANGE ACCOUNT C O R P O R AT E S E R V I C E S THE PLAT FOR M Currency Accounts: 1 Hold funds in up to 35 individual currencies. Fixed Rates: 2 Fix your FX rates for up to 24 months in advance. Multi - Payment: 3 Use your new platform to pay up to 1000 staff or 1000 suppliers in one single payment. 8 C L A R E M O N T C O R P O R AT E S E RV I C E S C L A R E M O N T C O R P O R AT E S E RV I C E S C L A R E M O N T C O R P O R AT E S E RV I C E S
FORWARD CONTRACTS C O R P O R AT E S E R V I C E S • Forward Contracts allow the business to lock in an exchange rate July 2020 for a trade that will occur at a future pre-agreed rate 100,000 • Choose a rate which suits the business that will allow you to buy and sell in the future at a known rate January 2020 100,000 • Manage and budget cash flow without worrying about FX volatility Locked Exchange Locked Exchange Rate Rate • Forward contracts can be used as hedging mechanisms for a business • Simplify Foreign Exchange for your accounting team - achieve totally clear budgeting 9 C L A R E M O N T C O R P O R AT E S E RV I C E S
MULTI-PAYMENT SYSTEM C O R P O R AT E S E R V I C E S USD • Pay up to 1000 beneficiary accounts, in any currency and any jurisdiction - in one single payment. EUR • This is a worldwide payment facility and FX solution to pay your employees and suppliers correctly, on time and in the currency they need. GBP CNY • Remove the potential for manual error by automating your processes for high-volume payments. CHF KES 10 C L A R E M O N T C O R P O R AT E S E RV I C E S
CASE STUDY 2A TECH I TALIAN ENGIN E E R I N G CO MPA N Y 11 C L A R E MON T C ORP ORATE SERV IC ES
CASE STUDY C O R P O R AT E S E R V I C E S 2A T ech is a global business head-quartered in Italy. 2A primarily operate in sustainable development within the Energy Sector. 2A has significant exposure to cross currency transactions and pays staff all over the world in multiple currencies. Claremont conducted a full Corporate Services Analysis and discovered that: 2A uses its local bank in Saudi Arabia (NCB) to convert Euros (EUR) to Saudi Riyals (SAR), to cover local salaries and office costs. It does not use its bank in Italy as SAR is not readily available. 2A also uses NCB to repatriate dividends/profit from SAR to EUR (Italy) on a bi-annual basis. 2A has operations in Chile, where the local business currency is USD. On a monthly basis, the head office sends funds to Chile to cover local costs. Head office uses its local Italian bank to convert from EUR to USD. 12 C L A R E M O N T C O R P O R AT E S E RV I C E S
2A FX RATE ANALYSIS C O R P O R AT E S E R V I C E S 2A LOC AL B ANK F EES 2A provided Claremont with a sample of previous transactions from; EUR to SAR, SAR to EUR and EUR to USD. The tables below show the average rate of exchange from that sample of data against the market rate or “interbank” rate of foreign exchange. EUR - SAR DATE SELL EUR INTERBANK NCB FX RATE BUY SAR NCB FEE/ FX RATE SPREAD 06.08.2019 203,470 4.1982 4.0542 824,908 3.43% DATE SELL EUR INTERBANK CLAREMONT BUY SAR CLAREMONT SAR SAVING FX FEE/SPREAD FX RATE PROVIDER FX RATE PROVIDER FEE/ REDUCTION SPREAD 06.08.2019 203,470 4.1982 4.1646 847,371 0.8% 22,463 76.67% C L A R E M O N T C O R P O R AT E S E RV I C E S 13
2A FX RATE ANALYSIS C O R P O R AT E S E R V I C E S 2A LOC AL B ANK F EES SAR - EUR DATE SELL SAR INTERBANK NCB FX RATE BUY EUR NCB FEE/ FX RATE SPREAD 26.06.2019 532,450 0.2382 0.2301 122,530 3.4% DATE SELL SAR INTERBANK CLAREMONT BUY EUR CLAREMONT EUR SAVING FX FEE/SPREAD FX RATE PROVIDER FX RATE PROVIDER FEE/ REDUCTION SPREAD 26.06.2019 532,450 0.2382 0.2363 125,817 0.8% 3287 76.47% EUR - USD DATE SELL EUR INTERBANK ITALIAN BANK FX BUY USD ITALIAN BANK FX RATE RATE FEE/SPREAD 25.04.2019 337,766 1.1192 1.1066 373,771 1.13% DATE SELL EUR INTERBANK CLAREMONT BUY USD CLAREMONT USD SAVING FX FEE/SPREAD FX RATE PROVIDER FX RATE PROVIDER FEE/ REDUCTION SPREAD 25.04.2019 337,766 1.1192 1.1124 375,730 0.61% 1959 46.01% C L A R E M O N T C O R P O R AT E S E RV I C E S 14
FX RATE COMPARISON C O R P O R AT E S E R V I C E S C LA RE MO NT BPS SAV I N G EUR > SAR SAR >EUR EUR > USD 2A would have saved SAR 22,463, EUR 3287 and SAR EUR USD USD 1959 on these 3 trades, if they had used 22,463 3287 1959 SAVINGS SAVINGS SAVINGS Claremont’s Business Payment Solution. 0.8% RATE Claremont’s FX team assisted 2A in training all 2.63% RATE 0.61% RATE 0.8% relevant staff on using the platform and extracting 3.43% RATE RATE DIFFERENCE 0.52% 2.6% 0.5% the benefits. 3.4% 1.13% DIFFERENCE DIFFERENCE 2A achieved full functionality and are tracking their USD 337,766 USD 375,730 EUR 203,470 USD 373,771 SAR 532,450 EUR 122,530 SAR 847,371 SAR 824,908 EUR 125,817 EUR122,530 funds through GPI (Global Payments Initiative) 532,450 enabling them to track their funds from the moment they leave their local account, to landing in the recipient account. Sell Buy Sell Buy Sell Buy Where security is a concern, the GPI tracking Claremont Provider system is a valuable feature of the Business NCB & Italian Bank Payment Solution. C L A R E M O N T C O R P O R AT E S E RV I C E S 15
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