FX Blog

Daily Market Updates & FX News

FX Blog

Daily Market Updates & FX News

FX Blog

Daily Market Updates & FX News

More capital to grow your business

Foreign currency exchange may be affecting your bottom line, but it doesn’t have to.

For Canadian import and export companies, fluctuations in exchange rates can make it challenging to budget up-front costs or determine revenues in foreign currencies. Sometimes you are also required to post collateral as payment assurance for your foreign exchange contract provider which locks up your free capital that you could be using to grow your business.

 

The Solution

Olympia has partnered with Export Development Canada (EDC) to bring the Foreign Exchange Guarantee (FXG) program to our clients to help protect your business from foreign currency risk and free up working capital.

 

The benefits of working with Olympia & EDC

Secure your exchange rate without putting up capital
Protect your margins
Increase your borrowing capacity
Free up working capital and grow your business
Cash protection
FX certainty for up to 2 years with flexible terms
Quick and easy set up
Customizable programs that fit your needs

 

How it works

The FXG is a program provided to Olympia from EDC on your behalf in place of margin requirements, allowing you to free up capital that would otherwise be used to secure FX funds. All you have to do is contact your FX trader, discuss your currency concerns and needs and let us coordinate your FXG requirements.

How it works 1Contact a Foreign Exchange Specialist at 1.866.752.7135 or email fxadmin@olympiatrust.com

How it works 2Tell us about your foreign currency requirements and concerns

How it works 3Let us coordinate your FXG requirements

For more information on forward contracts click here
For more information on FXG click here
Olympia Trust Foreign Exchange