TPO foreign exchange
GENEVA | LONDON | MALTA
www.theprivateoffice.ch
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What we do • TPOFX,
in partnership with FTT Global, provides foreign exchange services to businesses and individuals.
• We
provide a convenient and industry leading FX delivery platform providing international payment solutions at competitive rates.
• We
deliver mission critical payments all over the world for our clients which include high net worth individuals and corporate clients.
What we Offer • Our
service provides access to highly competitive FX rates and removes the hidden costs in traditional FX transactions. Even for small transactions these can be significant.
Who is TPOFX? • TPOFX
services are provided by The Private Office S.A. (TPO), a regulated member of the Swiss Association of Asset Managers (ASG) and is bound by its rules and Code of Conduct. The TPOFX trading platform is offered in partnership with FTT Global – which falls under the regulation of the FSA.
www.theprivateoffice.ch
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How the TPOFX Service Works •
The TPOFX platform is a web based service giving our clients the ability to execute FX transactions in a wide range of currencies.
These involve: – a payment from the client’s account to FTT. – a delivery to a designated second account anywhere in the world – which can, but does not have to, be in the name of the client.
There are three basic types of transaction: 1. spot
2. forward
3.order contract
An exchange of currency at the current exchange rate.
A transaction for a date in the future locking in a specified exchange rate. These can be used by individuals and businesses to fix a given rate and provide protection against future exchange rate movements.
This enables a client to select a rate of exchange that they would like to achieve. It includes take profit, collar and stop loss orders. Our systems will then monitor the global FX market, 24 hours a day, 7 days a week. If that rate becomes available at anytime our systems will automatically book the payment for the client and inform them immediately by email.
www.theprivateoffice.ch
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• Setting up new accounts is quick and easy, normally taking only a few hours. Once an account is opened the client will be provided with log in details, a username and a password. The client can then access our live exchange rates online and, if required, can book a transaction. • Once a transaction has been accepted the client simply has to transfer the funds to pay for the amount in ‘home’ currency and then specify to where the ‘foreign’ currency should be delivered. In the case of spot transactions this will usually take place during the same working day. • Alternatively, clients can telephone TPO FX Services who will execute the transaction on the platform on their behalf. • The platform not only provides full functionality for managing foreign exchange payments, but also gives access to reports detailing past transactions. • At each step, a confirmation email will be sent to the pre-determined client email.
TPO Foreign Exchange Services
Convenience
Cost Reduction Highly competitive rates and charges
Solid Platform
Transactions managed online
100% track record of secure payments over past 5 years
Insurance
Security
Each transaction is insured for losses up to ÂŁ1m
Client funds are secure in a segregated client account
www.theprivateoffice.ch
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6 Simple Steps to more efficient FX step 1
step 4
Opening an account Opening an account is completely free and with no obligations. Simply complete our online application form and your account will normally be opened within one hour. You will then receive an account reference number and log in details.
Send payment Once you have accepted the trade you will need to send the funds to a client segregated account with our payment partner, FTT Global. Once the funds have cleared, your currency will be sent to a bank account of your choice.
step 2
step 5
View exchange rates Once you have gained access to our online system you will be able to see live rates for over 100 different currency pairs.
Add beneficiaries You can specify any beneficiary account anywhere in the world for the purchased currency to be sent to.
step 3
step 6
Buy / sell foreign currency Select whether you want to deal spot or forward. The online system will give you the exchange rate and you will have the choice of accepting that transaction or declining it. Once a transaction has been accepted you will receive a Deal Confirmation which shows you the final details including our payment partner’s bank details for payment.
Review past and current trades With our system you can search your past foreign exchange transactions for up to 5 years. You can also view active orders and payments that are still in progress.
www.theprivateoffice.ch
FAQ How long will it take to set up an account and be ready to trade? Accounts are normally up and running within 24 hours, though on rare occasions this can take up to 48 hours. When can I trade? You can trade online 24 hours a day, 7 days a week. How does TPOFx provide such great exchange rates? We have direct access to the wholesale FX markets and can buy foreign currency at a better rate than most. We pass on this saving to clients by giving them a very competitive rate that will save them money compared to banks and currency companies. Is there a minimum or maximum amount that I can trade through your platform? You can trade any amount from £100 upwards, there is no maximum limit. Are my funds safe? Our foreign exchange delivery platform is authorised by the FSA. Our accounts are held with Barclays Bank Plc. These are ‘Segregated Client Accounts’. This gives client protection if anything were to happen with FTT Global or TPOFX. My company is based outside of the UK, can we still use your services? Yes, but due to the high levels of security in the industry, you will need to provide additional documentation as directed.
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www.theprivateoffice.ch
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What kind of FX transactions does TPOFX offer? Our FX Platform offers Spot FX Deals, Forward FX Deals and FX Orders. What other functionality is provided with the Platform? The platform can store an unlimited number of bank account details to which funds can be delivered. There are also powerful reporting tools for tracking past and current payments and orders. Are there any charges for international transfers? No. We don’t charge to make international money transfers. Please note, this does not apply to any costs charged by your bank to transfer the funds to TPOFX/FTT Global. What about commissions? To transactions up to £3,000 there is a charge of £10. Above this level there are no commission charges.
www.theprivateoffice.ch
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Disclaimer This document was produced by The Private Office. The opinions expressed in the document are those of The Private Office as of the date of writing and are subject to change. It has been prepared solely to provide information about The Private Office and its services and is for the sole use of the recipient. The information provided in this document does not constitute an offer to provide products or services, nor does it represent an offer, recommendation or solicitation to make an investment or engage in any kind of investment activity. Any reference to past performance is not necessarily a guide to the future. Neither this document, nor any copy thereof, may be sent to or taken into the United States or distributed in the United States or to a US person. In certain other jurisdictions the distribution may be restricted by local law or regulation. This document may not be reproduced either in whole, or in part, in any form, electronic or otherwise, without the written permission of The Private Office.
Quai du Mont-Blanc 7, 1201 Geneva, Switzerland T: +41 22 741 55 55 F: +41 22 321 82 30 info@tpofx.com www.tpofx.com