Bank of Ireland Global Markets recently launched a €20m foreign exchange facility in an effort to protect SMEs from currency volatility.
The facility allows SMEs to have easy access to industry experts and regional treasury managers, who frequently engage in financial markets and closely work with customers.
Conor Haugh, head of retail customer business at Bank of Ireland Global Markets said: “We know that speed and flexibility are hugely important to our SME customers when managing their foreign currency requirements.
“This facility will make the process easier and more accessible for our customers. Our customers can fix their foreign exchange exposure at competitive market rates on the day they agree a contract with a customer or supplier. This protects their profit margins from adverse currency movements. It’s just one of the ways we can help businesses to thrive when trading internationally.”
Customers can draw a lot of support from Bank of Ireland in order to receive good exposure in international markets including “market and economic updates, a dedicated Brexit Portal, trade finance and invoice discounting facilities, and FXPay, the online international payments platform,” reported The Independent.