Understanding Mark-Ups on Foreign Exchange

Sponsored By Lincoln Expense Solutions

Topics:

Banking & Capital Markets

Finance & Risk Management > Expense Management

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Abstract:

No trade issue is more important than skillful handling of international payments and receipts. It is an area rife with potential for paying too much in foreign currency conversion mark-ups – with no corresponding benefit in doing so. Naturally, overpayment for foreign exchange often affects new players, but it is also rampant in companies large or small, experienced or inexperienced in currency buying or selling. But how many companies really know what they are paying in foreign exchange mark-ups? How much money can drop straight to the bottom line with proper analysis?

This white paper will examine the need to control costs in buying and selling currencies, and will introduce solutions to effectively lower, and then manage, the large transaction costs often seen in this essential area.

DETAILS

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Posted: August 21, 2008

Length: 11 pages

Format: PDF (148 kb)

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