Currency Management

To reduce your risks while doing business overseas, City National offers a number of powerful international currency management tools and services.

Spot Contracts

Used to send or receive foreign payments, usually for settlement in one or two business days. Foreign drafts can be used in lieu of a wire transfer if bank account arrangements are not in place.

Forward Contracts

• Manage cash flow or exposure over time
• Import/Export Letters of Credit
• Documentary collections
• Overseas sales proceeds/operating expenses
• Offer the reliability of a predetermined, fixed rate of exchange with a settlement date ranging from three days to three years

Forward Option Contracts with "Open" or "Window" Delivery Dates

These contracts have the added advantage of a range of maturity dates, providing more flexibility in timing cash flow.

Forward Swap Contracts

Forward Swap Contracts provide use of a foreign currency without the volatility of spot rate fluctuations and are useful in stabilizing exchange rates between foreign investment and foreign financing transactions. This contract also allows the user to either accelerate or extend the maturity date for the delivery of currency.

International Payment Collection

Cross-border transaction services can ensure that your foreign payments and collections are executed correctly and on time.

Foreign Currency Service

• Avoids the frustration of searching for an exchange office in a foreign country
• We buy and sell banknotes from more than 70 countries

Foreign Wire Transfers and Drafts

Foreign Wire Transfers and Drafts help handle payments and remittances when doing business without foreign bank arrangements in place.

Getting Started

To learn more about our International Currency Management services, call (888) 488-9700, contact us, or visit one of our local City National locations.