WHO WE ARE C O R P O R AT E S E R V I C E S Claremont Corporate - - PowerPoint PPT Presentation

C L A R E MON T C ORP ORATE SERV IC ES

CLAREMONT - BUSINESS PAYMENT SOLUTIONS (BPS)

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WHO WE ARE

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

• f the business.

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OUR PROCESS

UNDERSTAND

We work with you, and your employees, to gain a better understanding of your current systems and processes, the cost of your Foreign Exchange and international

• transactions. Fundamental to the entire process is obtaining

your previous transaction data for our analysis. 1

PROPOSAL

Our Corporate Services team will design a solution tailored to your business; this could be providing access to an exotic currency, creating a risk management plan or as simple as providing better foreign exchange rates. 3

ANALYSE

We take the information and data you provided, and analyse all possible solutions and structures for your business. 2

SOLUTION

Our dedicated support team will again work with you and your employees to help implement the solution, provide training for your team and continue to support you once the solution is established. 4 HOW WE WO R K

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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

Reduce company foreign exchange costs by up to 86% Dedicated support/finance team to work with you and your company Network Brokers traded £32.5 billion in foreign exchange in 2019 Network working with 29,000 businesses and

• rganisations

Transactions in more than 140 currencies in over 150 countries 14 Languages available

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ACCOUNT SECURITY

Regulated in, but not limited to: EU, UK, USA, Canada. * We only work with Tier1 banks, such as Barclays, Santander & Citibank. All client accounts are 100% segregated, according to UK & EU regulations. Two factor authentication (2FA).

* for a full list of regulated jurisdictions please contact bps@claremontcs.com

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DEDICATED TEAM

1 Personal Meeting - Meet one of your dedicated team in a regional office 2 Phone - Dedicated account manager contactable (24/5) 3 Email - bps@claremontcs.com (24/7) 4 Online Chat - Chat to a consultant in business hours

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COST

No initial set up fee and no fixed annual fee Foreign Exchange “margin” / rate will be fixed – regulating the total cost of the structure Full transparency - all fees are disclosed, as stipulated in EU and UK regulation All Claremont fees are incorporated into the “margin” / rate of Foreign Exchange 1 2 3 4

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C O R P O R AT E S E R V 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

1 Currency Accounts: Hold funds in up to 35 individual currencies. 2 Fixed Rates: Fix your FX rates for up to 24 months in advance. 3 Multi - Payment: Use your new platform to pay up to 1000 staff

• r 1000 suppliers in one

single payment.

ONLINE FOREIGN EXCHANGE ACCOUNT

THE PLAT FOR M

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FORWARD CONTRACTS

• Forward Contracts allow the business to lock in an exchange rate

for a trade that will occur at a future pre-agreed rate

• Choose a rate which suits the business that will allow you to buy

and sell in the future at a known rate

• Manage and budget cash flow without worrying about FX volatility
• Forward contracts can be used as hedging mechanisms for a

business

• Simplify Foreign Exchange for your accounting team - achieve

totally clear budgeting

January 2020 100,000 Locked Exchange Locked Exchange Rate Rate July 2020 100,000

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MULTI-PAYMENT SYSTEM

• Pay up to 1000 beneficiary accounts, in any currency and any jurisdiction - in one single

payment.

• This is a worldwide payment facility and FX solution to pay your employees and suppliers

correctly, on time and in the currency they need.

• Remove the potential for manual error by automating your processes for high-volume

payments.

GBP USD EUR CNY CHF KES

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2A TECH

I TALIAN ENGIN E E R I N G CO MPA N Y

CASE STUDY

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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.

CASE STUDY

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2A FX RATE ANALYSIS

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.

DATE SELL EUR INTERBANK FX RATE NCB FX RATE BUY SAR NCB FEE/ SPREAD

06.08.2019 203,470 4.1982 4.0542 824,908 3.43%

DATE SELL EUR INTERBANK FX RATE CLAREMONT PROVIDER FX RATE BUY SAR CLAREMONT PROVIDER FEE/ SPREAD SAR SAVING FX FEE/SPREAD REDUCTION

06.08.2019 203,470 4.1982 4.1646 847,371 0.8% 22,463 76.67%

EUR - SAR

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2A FX RATE ANALYSIS

2A LOC AL B ANK F EES

DATE SELL EUR INTERBANK FX RATE ITALIAN BANK FX RATE BUY USD ITALIAN BANK FEE/SPREAD

25.04.2019 337,766 1.1192 1.1066 373,771 1.13%

DATE SELL EUR INTERBANK FX RATE CLAREMONT PROVIDER FX RATE BUY USD CLAREMONT PROVIDER FEE/ SPREAD USD SAVING FX FEE/SPREAD REDUCTION

25.04.2019 337,766 1.1192 1.1124 375,730 0.61% 1959 46.01%

EUR - USD

DATE SELL SAR INTERBANK FX RATE NCB FX RATE BUY EUR NCB FEE/ SPREAD

26.06.2019 532,450 0.2382 0.2301 122,530 3.4%

DATE SELL SAR INTERBANK FX RATE CLAREMONT PROVIDER FX RATE BUY EUR CLAREMONT PROVIDER FEE/ SPREAD EUR SAVING FX FEE/SPREAD REDUCTION

26.06.2019 532,450 0.2382 0.2363 125,817 0.8% 3287 76.47%

SAR - EUR

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0.8%

FX RATE COMPARISON

C LA RE MO NT BPS SAV I N G

EUR > SAR SAR >EUR EUR > USD

22,463 3287 1959

SAVINGS SAVINGS SAVINGS SAR EUR USD

2.63% 0.5%

DIFFERENCE RATE RATE RATE

2A would have saved SAR 22,463, EUR 3287 and USD 1959 on these 3 trades, if they had used Claremont’s Business Payment Solution. Claremont’s FX team assisted 2A in training all relevant staff on using the platform and extracting the benefits. 2A achieved full functionality and are tracking their funds through GPI (Global Payments Initiative) enabling them to track their funds from the moment they leave their local account, to landing in the recipient account. Where security is a concern, the GPI tracking system is a valuable feature of the Business Payment Solution.

3.43% 3.4% 1.13%

SAR 824,908 EUR 122,530 532,450

0.8% 0.61%

SAR 847,371 EUR 203,470 SAR 532,450 USD 337,766 EUR122,530

Claremont Provider NCB & Italian Bank

Buy Buy Sell Sell Sell

RATE

2.6%

DIFFERENCE

USD 373,771

RATE

0.52%

DIFFERENCE

Buy

EUR 125,817 USD 375,730

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CONCLUSION

2A are currently saving over SAR 44,000, EUR 10,000 & USD 27,000 per annum, since implementing the Business Payment Solution. The first step in assessing the potential savings available and the true benefit of the BPS, is to conduct a full analysis of the current transaction and Foreign Exchange structure that your company has in place. We will then provide a bespoke review, similar to this case study, and provide a detailed proposal for your business. Our key motivation is to increase company efficiency and reduce costs. What we require to initiate this review is - previous transaction data. The greater the sample of data we receive, the greater accuracy in the review. Primarily, we strongly advise all companies to complete our Corporate Services Analysis. Information only. Marc Sydenham Partner m.sydenham@claremontcs.com U.K +44 (0) 7502 436 316 M.E +966 (0) 554 324 469

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CONTACT US

Charles Garland Partner c.garland@claremontcs.com U.K +44 (0) 7510 209 905 M.E. +966 (0) 551 978 815 UK

Claremont Corporate Services Waldrist House Reading Berkshire RG7 4NX United Kingdom Tel: +44 118 464 0214 admin@claremontcs.com

M.E

Claremont Corporate Services (GCC HQ) 1st floor, al-Khair Commercial Center Prince Mohammad Ibn Saad Ibn Abdulaziz Rd Al-Aqiq District Riyadh Kingdom of Saudi Arabia Tel: +44 118 464 0214 admin@claremontcs.com

Marc Sydenham Partner m.sydenham@claremontcs.com U.K +44 (0) 7502 436 316 M.E +966 (0) 554 324 469

This document is issued by Claremont Group Ltd a firm that solely provides information and reviews and analysis

• n financial products and services in multiple jurisdictions.

This document does not constitute an offer to enter into any contract/agreement nor a solicitation to buy or sell any financial product or to provide any services referred to therein. This document does not, in any way, constitute advise on the sale of financial products or services. The content of this document is to provide only information.