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IFL Corporate Brochure
- 1. The CORPORATE Payments Solution INTL FCStone Ltd
- 2. INTL FCStone Ltd (IFL) specializes in transferring funds to the developing world. We provide customized foreign exchange and treasury services to multinational corporations, financial institutions, international aid and development agencies, UN agencies, NGO’S, religious entities and governmental agencies in more than 175 countries. Our goal is to provide our clients with a single solution for their local currency needs worldwide. With more than 20 years of experience, we have developed extensive local market knowledge and expertise. IFL is a wholly owned subsidiary of INTL FCStone Inc., a global financial services organization. With particular expertise in foreign exchange and payments in the developing world, IFL offers customized services to our clients from our group offices in London, New York and Singapore. INTL FCStone Ltd | Page 1 GLOBAL PRESENCE
- 3. INTL FCStone Ltd | Page 2 INTL Business Activity Areas not currently serviced by IFL* Offices * Due to US/UK sanctions regimes, we cannot make payments to Iran, Cuba, and North Korea. INTL FCStone Ltd
- 4. INTL FCStone Ltd | Page 3 Specialized foreign exchange services
- 5. Customized foreign exchange and payment services IFL provides specialized foreign exchange services to international aid and development organizations, UN agencies, NGO’s, religious entities, governmental agencies, multinational corporations and financial institutions in more than 175 countries. Cost-efficient and competitive rates IFL accesses wholesale exchange rates through a vast network of financial institutions in each local market, enabling us to capture highly competitive market rates. All costs are built into the quoted FX rate. Fast and reliable service IFL maintains local bank accounts in approximately 100 countries, which enables us to make and receive payments in an efficient and secure manner. Payments are delivered within 2 business days or earlier to all locations. Access to electronic rates and payment requests Our electronic platform, FXecute, enables clients to access real time rates and process international payment requests. 24-Hour service IFL operates 24/5 and has dedicated staff, located across three time zones, assigned to assist its clients. INTL FCStone Ltd | Page 4 INTL FCStone Ltd
- 6. INTL Global Currencies | Page 5INTL FCStone Ltd | Page 5 ELECTRONIC PAYMENTS Client Beneficiary FXecute Local Currency Delivered in Country Local Currency Delivered in Country Payment Request Lock Rate Payment Confirmation
- 7. INTL Global Currencies | Page 6 FXECUTE IS IFL’S PROPRIETARY ELECTRONIC PLATFORM, WHICH CLIENTS CAN USE FOR TRANSFER REQUESTS. CLIENTS HAVE ACCESS TO LIVE RATES AND EXECUTION CAPABILITY IN MORE THAN 175 COUNTRIES. FXECUTE OFFERS A VARIETY OF USER ROLES AND PROVIDES CLIENTS WITH AN ELECTRONIC SUBSTITUTE FOR THEIR INTERNAL APPROVAL PROCESS. ALL DATA IS CONSOLIDATED IN THE SYSTEM AND CAN BE USED TO GENERATE A VARIETY OF ANALYTICAL REPORTS. THERE ARE SEVERAL BUILT-IN SECURITY FEATURES TO MAINTAIN THE INTEGRITY OF THE DATA IN THE SYSTEM. OUR PLATFORM CAN BE INTEGRATED WITH MOST ACCOUNTING SOFTWARE. FXECUTE ALLOWS COMPANIES TO IMPLEMENT PROCESSES TO SIMPLIFY THEIR INTERNATIONAL FUNDING AND PROVIDES A CLEAR AUDIT TRAIL. INTL FCStone Ltd | Page 6 FXecute INTL FCStone Ltd
- 8. INTL FCStone Ltd | Page 7 Organizations now have the option to fund their international programs in local currency vs. hard currency (EUR, GBP, USD, etc). By choosing to execute their international payments in local currency, organizations can participate in the conversion process and ensure that their payments are executed at the best rate possible. Hard Currency Local Currency vs.
- 9. INTL FCSTONE LTD HAS EXTENSIVE WORLDWIDE EXPERIENCE WITH MAKING PAYMENTS IN LOCAL CURRENCY. BASED ON OUR EXPERIENCE, WE WOULD LIKE TO HIGHLIGHT THE FOLLOWING RISKS WITH SENDING FUNDS TO BE CONVERTED LOCALLY: INTL FCSTone Ltd | Page 8 Captive Client By sending hard currency directly to the beneficiary bank for conversion locally, an organization potentially opens itself up to uncontrolled loss and relies on the local bank as its sole rate source. In many cases, the bank then converts the funds at the rate of the day, which is usually much less favorable than what can be attained by soliciting competitive bids. In fact, it is not uncommon for the difference to be as much as five percent and in some cases even more. In addition, there are added fees associated with sending hard currency to be converted locally. Consequently, it is more advantageous to fund in local currency, thereby ensuring access to competitive rates and maximum levels of funding for field projects. Compliance Risk Global compliance standards have been raised significantly in recent years. With the introduction of new laws and regulations in many countries worldwide, organizations must be aware of and adherent to current regulations regarding international currency transfers. By actively monitoring the currency exchange process from its head office, an organization can ensure not only that it is compliant but that all financial dealings are undertaken with approved counterparties. Financial Controls The financial markets and banking systems in many developing countries are inherently volatile and can be negatively impacted by political instability, corruption and perpetual underdevelopment. Therefore, maintaining large sums of hard currency in country leads to many potential complications including misappropriation of funds, substantial country and credit risk, and an overall lack of accounting transparency. By transacting in the international market for local currency, the funding and accounting process is made more secure and accurate while reducing the potential for corruption and fraud. Additionally, any excess funding can be held in hard currency at the head office level in order to avoid unnecessary country risk and local currency payments can be executed on a “just-in- time” basis. INTL FCStone Ltd
- 10. Market Coverage THE AMERICAS ARS Argentina AWG Aruba BSD Bahamas BBD Barbados BZD Belize BMD Bermuda BOB Bolivia BRL Brazil CAD Canada KYD Cayman Islands CLP Chile COP Colombia CRC Costa Rica DOP Dominican Republic XCD East Caribbean GTQ Guatemala GYD Guyana HTG Haiti HNL Honduras JMD Jamaica MXN Mexico ANG Netherland Antilles NIO Nicaragua PYG Paraguay PEN Peru SRD Suriname TTD Trinidad and Tobago UYU Uruguay VEF Venezuela EUROPE ALL Albania BYR Belarus BAM Bosnia BGN Bulgaria HRK Croatia CZK Czech Republic DKK Denmark EUR Euro Zone HUF Hungary LVL Latvia LTL Lithuania NOK Norway PLN Poland RON Romania RSD Serbia CHF Switzerland SEK Sweden TRY Turkey GBP United Kingdom OCEANIA AUD Australia FJD Fiji XPF French Polynesia NZD New Zealand PGK Papua New Guinea SBD Solomon Islands TOP Tonga VUV Vanuatu WST Western Samoa MIDDLE EAST & NORTH AFRICA DZD Algeria BHD Bahrain DJF Djibouti EGP Egypt IQD Iraq ILS Israel JOD Jordan KWD Kuwait LBP Lebanon LYD Libya MAD Morocco OMR Oman QAR Qatar SAR Saudi Arabia TND Tunisia AED United Arab Emirates YER Yemen
- 11. * These countries are subject to certain UK or US sanctions that may prohibit certain types of transactions. Please contact a representative of IFL who will advise if payment can be made. IFL’s market coverage is subject to change at any time without prior notice. ASIA AFN Afghanistan AMD Armenia AZN Azerbaijan BDT Bangladesh KHR Cambodia CNH China account in Hong Kong CNY China GEL Georgia HKD Hong Kong INR India IDR Indonesia JPY Japan KZT Kazakhstan KGS Kyrgyzstan LAK Laos MYR Malaysia MNT Mongolia MMK Myanmar* NPR Nepal PKR Pakistan PHP Philippines RUB Russia SGD Singapore KRW South Korea LKR Sri Lanka TWD Taiwan TJS Tajikistan THB Thailand VND Vietnam SUB-SAHARAN AFRICA AOA Angola BWP Botswana BIF Burundi CVE Cape Verde XAF Cameroon, Chad, Central African Republic, Congo, Equatorial Guinea, Gabon XOF Benin, Burkina Faso, Guinea Bissau, Ivory Coast, Mali, Niger, Senegal, Togo KMF Comoros CDF DR Congo ERN Eritrea ETB Ethiopia GMD Gambia GHS Ghana GNF Guinea KES Kenya LSL Lesotho LRD Liberia MGA Madagascar MWK Malawi MVR Maldives MRO Mauritania MUR Mauritius MZN Mozambique NAD Namibia NGN Nigeria SDG North Sudan* RWF Rwanda STD São Tomé SCR Seychelles SLL Sierra Leone ZAR South Africa SSP South Sudan SZL Swaziland UGX Uganda TZS Tanzania ZMW Zambia INTL FCStone Ltd
- 12. LONDON Moor House, 1st Floor 120 London Wall London EC2Y 5ET United Kingdom Tel: +44 20 3580 6100 Fax: +44 20 3580 6001 Reuters Dealing: INTC SINGAPORE 1 Raffles Place #52-00 One Raffles Place Singapore, 048616 Tel: +65 6309 1006 Fax: +65 6309 1001 Reuters Dealing: INTH NEW YORK 708 Third Ave 15th Floor New York, NY 10017 USA Tel: +1-212-485-3549 Toll Free: +877-279-9198 Fax: +1-212-485-3505 Reuters Dealing: INTL INTL FCStone Ltd | Page 11 LONDON Moor House, 1st Floor 120 London Wall London EC2Y 5ET United Kingdom Tel: +44 20 3580 6100 Fax: +44 20 3580 6001 Reuters Dealing: INTC SINGAPORE 1 Raffles Place #52-00 One Raffles Place Singapore, 048616 Tel: +65 6309 1006 Fax: +65 6309 1001 Reuters Dealing: INTH NEW YORK 708 Third Ave 15th Floor New York, NY 10017 USA Tel: +1-212-485-3549 Toll Free: +877-279-9198 Fax: +1-212-485-3505 Reuters Dealing: INTL Contact Us
- 14. INTL FCStone Ltd INTL FCStone Ltd (“IFL”) is registered in England and Wales No. 5616586 and is authorised & regulated by the UK Financial Conduct Authority [FRN 446717]. IFL is a wholly owned subsidiary of INTL FCStone Inc. (“INTL”). For the provision of payment services, INTL acts as Agent for IFL in New York. INTL Asia Pte Ltd acts as agent for IFL in Singapore. Neither this information nor any opinion expressed constitutes a solicitation to buy or sell foreign exchange or any futures or options or OTC products. IFL is a wholly owned subsidiary of INTL FCStone Inc. INTL FCStone Inc. is a public company based in the United States, listed on the NASDAQ stock exchange (symbol “INTL”) and regulated by the US securities and Exchange Commission. All financial information and filings are public and can be viewed on the website of the Securities and Exchange Commission or on our website www.intlfcstone.com. INTL FCStone Ltd. is certified by the BSI to ISO/IEC 27001:2013 [Certificate No. IS 583823]