Foreign Exchange | NatWest

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Foreign Exchange

Trade in international currencies and reduce your business’s exposure to Foreign Exchange (FX) risks

Rates, currencies and certain financing products are provided by NatWest Markets Plc and its subsidiaries. For more info go to natwest.com/markets/ring-fencing

Overview

We’ve a team of specialists in NatWest Markets that could help corporate and commercial businesses access a full range of FX services. From straight forward currency exchange to complete risk management, we tailor solutions to suit simple or complex needs.

Our FX hedging services and tools allow you to calculate future cash flows with confidence. They could also help you reduce the risk of foreign currency fluctuations.

Managing foreign exchange risk

Our e-commerce platform, Agile Markets, is a simple and straightforward way to execute your foreign currency exchange needs. Our online execution platform is supported by a team of qualified specialists and strategists, who are here to support you and help you navigate through the FX landscape.

Leverage our FX experience and deal with trusted personnel

All our FX specialists and strategists are experienced, and certified under the Senior Manager & Certification Regime, having completed comprehensive ‘Fit & Proper’ assessments and annual checks.

Get greater certainty over future income and costs

Exchange rate volatility can have a negative impact on your finances. Our FX hedging solutions could allow you to minimise the risk of fluctuating rates, and identify ways to maximise opportunities. These solutions enable you to make financial forecasts with more confidence, and so manage your cash flow more effectively.

Tailored FX solutions

We’ll work closely with you to identify your currency risks and design solutions specific to your situation. Our experienced team draws on a wide variety of financial markets instruments, to design the right solution for you. We provide a dedicated point of contact for all of your FX requirements.

Online management

Access a broad range of electronic facilities for trading and deal management via our e-commerce platform Agile Markets. Get access to current market forecasts and research. Secure FX rates in more than 60 currency pairs, 24 hours a day, 5 days a week with pricing across a wide range of currencies and maturities.

FX facilities

We provide bespoke and tailored facilities to the specific requirements of our corporate and commercial clients.

Efficient and cost-effective settlement, with a secure authentication process

Settling transactions safely and securely is paramount to our service. As part of the on boarding process, we authenticate a standard set of instructions so we can settle deals directly to your account. We also offer the ability to automatically debit your account in event of a transaction. This removes the cost and risk of you having to manually send us funds, as well as making the process more efficient for you.

The value of investments can go down as well as up, your capital is at risk. Products not available in all jurisdictions.

Who might use our FX service?

Businesses or organisations that:

  • Import or export
  • Have foreign currency accounts
  • Send or receive international payments
  • Are part of an international group or subsidiary of a foreign entity
  • Are looking at acquisitions overseas
  • Want greater certainty in cash flow planning and budgeting for overseas costs and revenues
  • Are interested in scrutinising their long-term costs and financial objectives in international markets

 

Agile Markets

Agile Markets is our digital platform that helps you to manage your currency requirements electronically. It allows you to carry out a wide range of real-time FX dealing services, including booking FX spot, FX forward, FX swap and FX time option contracts.

Reduce errors and associated costs

Complete FX trades electronically, streamline processes and accuracy, which can reduce costs and errors. Excel integration, so you can easily upload deals to quote and book.

Post Trade

Review and confirm deals on our Post Trade application, and download booked deals in excel format.

Real-time market and management data

View market data in real time. Access analyses, trade and execute transactions online and access comprehensive management reports on FX activities. Set market alerts with email and text notifications.

Transparency

We disclose the costs and charges for all FX spot, forward and option transactions undertaken by clients, on both a trade-by-trade basis and in an annual statement.

Safe, secure login & compatible

Secure login – password and Two Factor Authentication (2FA), providing users the choice between daily and monthly 2FA. Compatible with nearly every IT setup – modern browser or lightweight desktop app.

Support

Dedicated Agile Markets support team available 24 hours per day Monday to Friday.

Watch our Agile Markets video to learn more about our platform’s capabilities.

Log in to Agile Markets if you already have access.

Register your interest in Agile Markets to find out more.

We continue to invest in technology to make sure you enjoy a great experience when trading on our digital platforms. There’s no “one size fits all”, so we can customise our electronic FX (eFX) solutions to fit your individual needs.

Find out more about Currencies and our platform solutions

Our credentials

We’re an award-winning and leading bank for FX. Our global FX service offers solutions in over 60 currencies, through traditional and electronic delivery channels.

What our FX offering includes

  • Transparent and competitive pricing – we issue costs and charges on trade confirmations and in an annual statement
  • Extensive FX solutions - spanning trading, hedging, investment and structuring
  • Tailored approach - innovative, bespoke structures and deals
  • Electronic solutions - a broad range of e-trading facilities for trading and deal management
  • Research and commentary - our analysis can support your planning, and our economists and FX strategists are available for individual briefing sessions
  • Regular FX events - great opportunities to keep abreast of market developments, increase your knowledge of FX and network with industry peers.
  • Our FX sales specialists work alongside strategically positioned banking relationship teams in key locations across the UK and offshore

 

Our FX team credentials

  • Experienced team of certified FX sales and strategy specialists with in depth of knowledge across the FX markets
  • Multi award-winning – Awarded by the Greenwich Associates in the 2019 FX study for #1 UK Corporate FX Service Quality Leader 2019*, #1 for UK Corporate FX Service Quality for the 7th year Running 2013-2019** . We’ve also won awards in: FX week Best Banks Awards 2019, Digital Profit and Loss Awards 2019, ‘Eye on the Client’ Digital FX Awards 2019, and Consensus Economics: Most Accurate UK Economy Forecaster of 2019.
  • FX Options leader - we’re a leading UK provider by market share and penetration, and are committed to delivering first class execution and settlement.
  • Signatory to the FX Global Code of Conduct (PDF, 2.78MB) – promoting a robust, fair, liquid, open, and transparent market, so you can trade in confidence.

 

 

We don’t provide advice. We’ll present a range of product solutions, so you can choose which you feel is most suitable to your circumstances. Markets are forever moving, and while we can give you our views on where markets have traded and may trade in the future, it’s up to you to decide when you feel is the right time to trade.

*Tied ranking. **In some of the last seven years NatWest Markets tied for the leading ranking with other dealers.

 

How our FX solutions could help you

Our FX risk management service responds to your business's individual needs. Below are a few examples of how we could assist you as your FX needs evolve.

  Situation Customer requirement Solution

Simple FX transactions

You need to send US$1M to Hong Kong to pay a supplier today.

You want to know the cost in GBP before sending the payment.

You use Agile Markets to book the GBP/USD exchange rate, so you can determine the GBP cost of the USD expense.

FX risk management

You purchase goods from Asia on an ongoing basis which are sold in the UK. There is a lag (typically 3-6 months) between when you pay for the products in USD, and subsequently sell them in GBP.

Adverse FX movements can jeopardise your profit margin. You want an FX solution that protects you from such adverse movements.

You use Agile Markets to book FX forwards, as this provides certainty on the GBP cost of USD purchases in the future. Having certainty over the GBP costs, helps to protect your profit margins.

Flexible FX Solutions (hedge but have flexibility on when you use the contract)

You are purchasing a machine from Germany and are expecting to pay for it in EUR in 6-9 months.

You want an FX solution that provides rate certainty (so you can budget for the required EUR payment) but flexibility on when you can use the contract (within a 3 month period).

You use Agile Markets to book an FX forward time option, providing you with certainty on the GBP cost of the EUR purchase between the required range of possible future payment dates.

Flexible FX solutions

(hedge but participate in favourable market moves)

You want certainty on the future exchange rate for a known USD requirement but you’re concerned that the UK customer you supply (a retailer) will want to renegotiate price reductions if the GBP/USD spot rate rises.

You need access to an FX specialist to discuss your situation and understand potential risk management solutions. 

Our FX specialists work with you to provide a selection of solutions that allow you to hedge against falls in GBP/USD, but allow for part / full participation if a favourable spot market moves higher (so you can pass this on to your customer if they seek to renegotiate prices).

Get in touch

New customers to NatWest Bank Plc

Please call our Direct Business Banking team on:

0345 600 2230

Relay UK Service: 18001 0345 600 2230

For more information on accessibility visit: https://www.business.natwest.com/business/accessibility.html

Calls may be recorded for training and monitoring purposes.

To see how much your call might cost, visit the call charge information page.

Existing customers

Please contact your relationship manager.

Accordion

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This material is intended for your sole use and is provided to you on the understanding that, before entering into any transaction referred to in this material, and/ or any related transaction (together, the “Transaction”), you will ensure that you fully understand the potential risks and return of the Transaction and determine whether the Transaction is appropriate for you given your objectives, experience, financial and operational resources, and other relevant circumstances. Nothing in this material constitutes an offer or invitation to enter into any engagement or transaction or an offer or invitation for the sale, purchase, exchange or transfer of any securities or a recommendation to enter into any transaction, nor is it intended to form the basis of any investment decision. The material does not take into account the particular investment objectives, financial conditions, or needs of individual clients or whether any transaction is suitable for any particular investor.

NatWest Markets will not act and has not acted as your legal, tax, regulatory, accounting or investment adviser; nor does NatWest Markets owe any fiduciary duties to you in connection with the Transaction and no reliance may be placed on NatWest Markets for investment advice or recommendations of any sort. You should make your own independent evaluation of the relevance and adequacy of the information contained in this document and make such other investigations as you deem necessary including obtaining independent financial advice, before participating in any transaction in relation to the securities referred to in this document. This material is not intended for distribution to, or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation.

NatWest Markets and its affiliates, connected companies, employees or clients may have an interest in financial instruments of the type described in this material and/or in related financial instruments giving rise to potential conflicts of interest which may impact the performance of such financial instruments. Such interests may include, but are not limited to, (a) dealing in, trading, holding or acting as market-maker or liquidity provider in such financial instruments and any reference obligations; (b) entering into hedging strategies on behalf of issuer clients and their affiliates, investor clients or for itself or its affiliates and connected companies; and (c) providing banking, credit and other financial services to any company or issuer of securities or financial instruments referred to herein. NatWest Markets and its affiliates, connected companies, employees or clients may at any time acquire, hold or dispose of long or short positions (including hedging and trading positions) which may impact the performance of a financial instrument.

This material may relate to over-the-counter derivatives (“OTC Derivatives”) in which case you should be aware that OTC Derivatives can provide benefits but may also involve a variety of significant risks. All OTC Derivatives involve risks which include (among other things) the risk of adverse or unanticipated market, financial or political developments, risks relating to the counterparty, liquidity and other risks of a complex character. In the event that such risks arise, substantial costs and/ or losses may be incurred and operational risks may arise in the event that appropriate internal systems and controls are not in place. Therefore you should also determine whether OTC Derivatives are appropriate for you given your objectives, experience, financial and operational resources, and other relevant circumstances.

If you enter into an OTC Derivative transaction and decide to close out the transaction, or the transaction otherwise terminates before its scheduled termination date, you may have to pay break costs. These will be calculated by reference to prevailing market conditions and include any costs incurred by NatWest Markets in terminating any related financial instrument or trading position. Please note that such break costs can be substantial. If you enter into an OTC Derivative transaction for the purposes of hedging a loan or other debt and you subsequently wish to repay the debt (whether through refinancing or otherwise), you should be aware that it may be necessary for NatWest Markets to terminate the hedging transaction before its scheduled termination date and satisfy any liabilities that you may have to it with respect to such transaction (including break costs) before NatWest Markets will release any related security that you have provided to it.

This material has been prepared for information purposes only, does not constitute an analysis of all potentially material issues and is subject to change at any time without prior notice. NatWest Markets does not undertake to update you of such changes. It is indicative only and is not binding. Other than as indicated, this document has been prepared on the basis of publicly available information believed to be reliable but no representation, warranty, undertaking or assurance of any kind, express or implied, is made as to the adequacy, accuracy, completeness or reasonableness of this material, nor does NatWest Markets accept any obligation to any recipient to update, correct or determine the reasonableness of such information or assumptions contained herein. NatWest Markets and each of its respective affiliates accepts no liability whatsoever for any direct, indirect or consequential losses (in contract, tort or otherwise) arising from the use of this material or reliance on the information contained herein. However this shall not restrict, exclude or limit any duty or liability to any person under any applicable laws or regulations of any jurisdiction which may not lawfully be disclaimed.

In the U.S., this material, to the extent it relates to securities, is intended for distribution only to major institutional investors as defined in Rule 15a-6 of the U.S. Securities Exchange Act of 1934 as amended (excluding documents produced by our affiliates within the U.S.). This material is not intended as an offer or the solicitation of an offer to buy or sell securities as defined under U.S. securities laws.

Notwithstanding the foregoing (but subject to any applicable federal or state securities laws), NatWest Markets and the recipient may disclose to any and all persons, without limitation, the tax treatment and tax structure of any transaction contemplated hereby and all materials (including opinions or other tax analyses) relating thereto. IRS Circular 230 Disclosure: NatWest Markets does not provide tax advice. Accordingly, any discussion of U.S. tax matters contained herein (including any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone unaffiliated with NatWest Markets of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties.

NatWest Markets Plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority and is provisionally registered as a swap dealer with the United States Commodity Futures Commission. NatWest Markets Plc may provide services and transact with clients in unregulated products. NatWest Markets Plc is not regulated by the Financial Conduct Authority for unregulated products such as Spot FX and wholesale loans.

NatWest Markets Plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority and is provisionally registered as a swap dealer with the United States Commodity Futures Commission. NatWest Markets N.V. is incorporated with limited liability in the Netherlands, authorised and regulated by De Nederlandsche Bank and the Autoriteit Financiële Markten. It has its seat at Amsterdam, the Netherlands, and is registered in the Commercial Register under number 33002587. Registered Office: Claude Debussylaan 94, Amsterdam, the Netherlands. Branch Reg No. in England BR001029. NatWest Markets Plc is, in certain jurisdictions, an authorised agent of NatWest Markets N.V. and NatWest Markets N.V. is, in certain jurisdictions, an authorised agent of NatWest Markets Plc. Securities business in the United States is conducted through NatWest Markets Securities Inc., a FINRA registered broker-dealer (http://www.finra.org), a SIPC member (www.sipc.org) and a wholly owned indirect subsidiary of NatWest Markets Plc. NatWest Markets Securities Inc. is authorised by NatWest Markets Plc to act as its agent for certain kinds of its activities.

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