Foreign Currency Welcome to Global Currency Exchange Network
GLOBAL is pleased to offer professional, efficient and cost-effective service to individuals and corporations needing to buy or sell currency on an international level. With years of experience and a dedicated team, let GLOBAL take the worry out of your currency transaction. For further information click on the following:
Services We Offer
GLOBAL has a wealth of experience in dealing with clients requiring foreign currency for purchasing a property abroad or those migrating to another country. We understand the importance of a fast and efficient service, which guarantees that all payments are made on time and are provided by a friendly but professional currency specialist.
GLOBAL provides:
- Superior commercial exchange rates
- No transfer fees
- Own personal dealer
- Online trading facility
- Online client area
- Regular monthly payments at commercial exchange rates
- Forward buying
- Limit orders "we buy when the rates high"
- No recipient fees (certain countries apply)
- Bank payment confirmations
Types of Transaction
There are four different types of transactions:
1. Spot Contract
A spot contract is undertaken when you buy currency at the prevailing exchange rate at the time of the transaction and make payment within two working days. This transaction is typically used for deposit payments on property or for full payment if the funds to pay for the transaction are available.
2. Forward Currency Contracts
A forward contract is undertaken when you fix the exchange rate now for a specific date from one to 24 months in the future. As an example, your final payment for a home abroad may be the equivalent of £100,000. You could seal that exchange rate today with a small deposit, and pay for the bulk of that transaction at the completion of the forward contract. To guarantee the exchange rate, private clients will have to pay for at least 10% of the value straight away (a margin deposit) and the balance on or before the maturity of the contract.
3. Time-Option Forward Contracts
You may also reserve a time-option forward contract. This contract allows greater flexibility in paying. For example, a property developer may give you a date of February 2012 as an approximate completion date but may tell you it could take a bit longer. Your dealer may recommend that you set a date for your forward contract of May 2012 and you are free to settle that contract any time before the maturity date with no penalty.
4. Limit Order
Limit Orders allow a client to set the rate at that which they would like to exchange their currency. GLOBAL will monitor the market for you and if the rate can be achieved, we will purchase the currency on your behalf. We would then notify you of the due date for your payment. This is particularly important for contracts of substantial value where a small currency fluctuation may have huge implications.
Paying for your currency
You can send funds to GLOBAL by electronic bank transfer into our client account at Barclays or by sending a cheque made payable to Global Currency Exchange Network (be sure to write your client number on the reverse). Your bank may charge you to send an electronic (CHAPS) transfer but GLOBAL will be able to send your funds overseas immediately upon receipt of your funds. A cheque will take 7 working days to clear and is only suggested if you are in no hurry to make a currency transfer payment.
Instructing GLOBAL to make an onward payment
We require a signed, written instruction by post or fax to transfer currency to your onward banking co-ordinates. Ideally this would be in the designated box on the deal confirmation invoice sent to you after you have instructed a GLOBAL dealer to buy or sell currency on your account. However, if your agent or lawyer has provided you with instructions then you can attach a copy of these to your signed contract invoice.
Getting Started
You may register online with GLOBAL by clicking on the link below, and then completing the form. We will contact you to activate your account. In order to complete the registration process, we require two forms of identification. Please also provide us with a copy of your passport or driving licence and a utility bill, council tax bill or landline telephone bill with your address.
First Premier Travel Prepaid Mastercard®
 The new smarter way to carry travel money abroad. Simply pre-load your First Premier Travel Card and then use it like a debit card at thousands of shops, restaurants and other outlets or to withdraw money at cashpoints worldwide.
About the card
- Competitive exchange rates
- A safe and convenient alternative to cash when spending money overseas
- Top up anytime, even when abroad
- Simply load online
- Designed for holiday makers, travellers or business executives
- Prepaid MasterCard card
- Accepted worldwide wherever you see the MasterCard Acceptance Mark.
Applying for the Prepaid Mastercard is easy, just click on the following link:
What People Say About Us
Here is what our clients have said:
I am writing to tell you about the superb service I have had from your Mr. Steve Legg. He turned my crisis into a small hiccup. He was helpful, professional and very kind. I hope you appreciate this young man. I think you are very lucky to employ someone with his qualities. Once again, many thanks to Mr. Steve Legg.
Mrs. Jennifer Baker
Property Owner
Mr. Cox (GLOBAL) has provided this service to Steiner from his UK office since 1998 with incredible reliability and accuracy while at the same time bringing savings to this company. He is very reliable, well respected in his field and easy to contact. Steiner executes the purchases of millions of pounds through him on an annual basis as he provides visibility to what should be paid for currency and is able to consistently beat the traditional bank rates which have brought positive savings to this company.
I can only say that Mr. Cox and his company are true professionals and I would have no hesitation in recommending his professional services.?
Carl St. Philip
Vice President
Security Alliance.
Every time I use this service, they are fast and efficient (the money arrives in my account within 3 working days). They also have the most competitive rates of any exchange I have used. In addition, there is no service charge for any transfer made. I would not hesitate to recommend their service to anyone.?
Steve Matatko
Fleet Casino Manager,
Carnival Corp. Casino Division
"I have been using the Currency Exchange service for the past 2 years now and find it the easiest, cheapest and fastest way to send funds home to my bank account in the UK. Mr. Cox?s service has always been much faster and I have always received a favourable exchange rate compared to the other banks. This is definitely the best service available for somebody in my position. I can only speak highly of the service shown to me since using Global Currency Exchange.?
Andy Connolly
Casino Host,
Carnival Cruise Lines
We have been using GLOBAL now for the last 4 months. We have been extremely impressed with the friendly and professional advice and service that they provide. They have been very helpful and patient with us as we are total novices in the field of finance and currency and we have already recommended them to friends.?
Philip Simister
Spanish Property Owner
The service received was excellent, I made one phone call, filled in a form and faxed it back. Everything was completed in good time, and with no fuss - just what you need to make transactions of any kind, Thanks for everything. ?
Keith Humphreys
Spanish Property Owner
Global Currency Exchange Network Limited (?GCEN?) is authorised and regulated by the Financial Services Authority to carry out payment services under the Payment Services Regulations 2009 under FSA register number 504346. GCEN is a Money Service Business and is registered with HM Revenue & Customs (?HMRC?) under the Money Laundering Regulations 2007 on the Money Service Business Register with registration number 12137189.
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