An underachieving U.S. greenback and a resurgent loonie are making things tough on Canadian importers, exporters and every other company that does business across international borders.
Derrick Nicholson, the senior trader at Sterling Corporate Currency Exchange, realizes it’s a frustrating situation for many of his most valued customers. And while Nicholson admits he can’t work miracles, he CAN provide clients with a same-day cost advantage by ensuring that they tap into the most favourable exchange rates possible.
Part of Nicholson’s philosophy can be summed up in a venerable and accurate maxim: Watch your pennies and the dollars take care of themselves.
“It’s true,” Nicholson agrees. “Depending on your volumes, even a few basis points in your favour can shave hundreds, even thousands, of dollars off a transaction in international currencies.”
|Derrick Nicholson, of Sterling Corporate Currency Exchange, and his team of experts are ready to help you.|
A seasoned economist with years of experience in both the equity and financial markets, Nicholson and his well-trained staff pledge to keep your currency-trading costs to an absolute minimum. Any time your corporation is required to transfer funds across international borders, Sterling Corporate Currency Exchange promises to help you make the transaction as painless as possible.
“We deal with a wide variety of client corporations, generally small-to-medium sized businesses representing oil and gas, forestry, manufacturing, aviation and transport . . . an amazing cross-section of successful companies,” says Nicholson.
Some clients seek to convert currencies two or three times a week. Others require the service less frequently. But they’re no less welcome at Sterling Corporate Currency Exchange, although Nicholson does ask that customers respect a transaction minimum of $5,000 US.
“I’ve actually had customers call me up and tell me they could easily hire another person with the amount of money they’ve saved in a single year,” he says.
Here’s another point. These guys never seem to sleep.
While North American clients are grabbing a richly-deserved overnight rest, Sterling’s international desks in Singapore and London are filling overnight orders, scouring the markets to take full advantage of each minuscule fluctuation in currencies. They’re able to make the kind of deals that keep their customers one step ahead of volatile markets.
Sterling Corporate Currency Exchange has repeatedly demonstrated an ability to live up to its growing reputation for customer service, as well as cost-effectiveness.
Based in Kelowna and Red Deer, the company holds day-to-day costs down by keeping corporate overhead to a minimum. In the age of universal Internet access and high-speed communications, Sterling’s sophisticated wiring capability allows Nicholson to effortlessly serve his client base as well or better than competitors paying top dollar for office space in downtown Toronto or Vancouver.
Another significant advantage to doing business with Nicholson’s team can be summed up in three words – volume, volume, volume.
“We move large amounts of money around every day,” he explains. “And if we get a customer doing a $20,000 deal, we’ll tag that on to a transaction for another client, say for $1 million, at the same (i.e. lower) exchange rate that applies to the larger deal.”
Meanwhile, those same large daily volumes give Sterling Corporate Currency Exchange access to wholesale pricing offered to preferred dealers by trading floors around the globe. Another cost saving: Sterling Corporate Currency Exchange’s flat wire fee of $20 Cdn per transaction. Other financial institutions tend to charge a flat fee, PLUS a percentage of the money being moved.
“If you're moving $1 million, and they’re taking even a fraction of a per cent, it can really add up,” Nicholson correctly points out.
As part of the company’s unstinting commitment to customer service, Sterling clients are never allowed to feel that they’re out of the loop.
They’re welcome to phone in and speak directly to professional traders at the heart of the action. Because Nicholson’s team watches the markets all day long. They’re reading about it, dissecting it, analysing it and discussing it – and sharing data with customers, via daily market updates, transmitted via fax or e-mail.
“We’re right in front of our screen all day and we’re on the phone all the time. If a customer asks us to keep a close eye on a particular currency for the next few days, no problem. That’s what we do,” he says.
Trust and integrity, too, are company bywords. All currency transfers are 100-per-cent guaranteed and fully certified.
To take advantage of the Sterling Corporate Currency Exchange customer-service model, telephone one of Nicholson’s professional traders at 1.888.269.3355.
Or send an e-mail to: firstname.lastname@example.org.
In the meantime, feel welcome to visit the company website: www.sterlingcurrency.com