We know that our clients encounter unpredictable exposures, unexpected costs, evolving exchange control regulations, international political, legal or system risk and numerous trade barriers in their day-to-day business operations. As a market leader in foreign exchange, it is our goal to understand their import or export business cycle and to make dealing in foreign exchange seamless.
Our professional dealing teams are acknowledged market makers in the South African foreign exchange sector. We provide a comprehensive service to corporate and institutional clients, and local and non-resident banks, and are supported by professional risk management and administration services.
We provide forward cover to clients to manage the potentially adverse effects of currency movements on their earnings streams. Rolling these transactions over and managing them dynamically provides an additional element of flexibility.
Our RMB foreign exchange clients have access to an experienced team of customer dealers (via telephone, email and our digital platform, Accelerate), who understand their business, will take a portfolio approach to their transactions, and will guide them towards optimal solutions.
To complement our in-country treasuries in eight African countries outside of South Africa, RMB offers African and G20 currency dealing from our Johannesburg dealing room.
Chinese companies can now conduct cross-border Renminbi (CNY) transactions with international counterparties, which creates opportunities in corporate hedging and cash management for businesses across Africa. Chinese suppliers are gradually starting to invoice in local currency to mitigate losses that arise from repatriating at a lower US dollar rate. Large importers from China can also now use their leverage to negotiate better pricing based on Renminbi invoicing.
|Read more||Renminbi transactions fact sheet|
Our international operations team facilitate clients’ outward foreign exchange payments via our extensive correspondent banking network. We also offer a streamlined incoming payments process that ensures funds are credited to their Customer Foreign Currency (CFC) account within hours of the BoP form being signed.
Balance of Payments Reporting (BoP Reporting) is an electronic message system used to report cross-border transactions to the South African Reserve Bank (SARB).
|Read more||BoP Reporting|
Accelerate is RMB’s digital foreign exchange dealing system that enables select South African businesses to deal simply and with greater speed. It also gives clients access to more information, and control over when specialist assistance is required. In essence, it allows more efficient dealing while complimenting a close relationship with RMB’s customer dealers. If an organisation has a foreign exchange turnover of more than ZAR7.5-m per annum they can contact the Accelerate team for more information.
|Read more||Fact sheet|
|View||Live demo system|
Accelerate support team
The Accelerate support team is available to assist with any questions clients may have.
Business hours are 07:30 to 17:30 from Monday to Thursday and 07:30 to 17:00 on Friday (excluding South African public holidays).
|Contact||The Accelerate support team on +27 11 269 6999 or 0861 FXDEAL (393 325), or email email@example.com|
For a simple dealing and cross-border payment solution, our Internet-based eForex capabilities system facilitates foreign currency denominated outward payments to predetermined beneficiaries for recurring payments. It also applies to warehousing and authorisation of future value dated payments prior to payment date. Clients can create and maintain beneficiaries for outward payments online, while eForex provides inward cross-border payment settlement/deal and balance of payments information.
|Read more||General conditions of contract relating to foreign currency transactions and the collection of foreign cheques|
|Contact||Email us directly on firstname.lastname@example.org|
|Email us directly on email@example.com|