Fiscal FX Ltd

In a strategic move to capitalise on the booming market, our client, a recently listed mining company on the Stock Exchange in Canada, secured a substantial capital injection in CAD. The necessity arose to swiftly convert this capital into USD to fuel their expansion plans. However, their current banking partner imposed hefty foreign exchange (FX) rates and cumbersome payment charges. Moreover, the USD settlement process took a considerable 2 or more days.

Recognising the challenges posed by these bottlenecks and the projects' stringent budgets, we stepped in to optimise their foreign currency transactions. We executed same-day conversions and settlements, and significantly reduced payment charges. Our tailored risk management strategies shielded the projects from adverse FX movements, providing stability and predictability. Additionally, we introduced an intuitive online platform accessible 24/7, empowering the client with real-time visibility and control over their transactions.