Our professional foreign exchange specialists and dealing teams are acknowledged market-makers in the foreign exchange sector who take a portfolio approach to transactions and guide clients towards optimal solutions.
RMB can help you to strengthen your business’ position and handle the challenge of doing business internationally. Our world-class systems enable you to be in a strong position to manage your exposure and facilitate your payments in compliance with local and international regulations, as well as ensure protection against the inherent risks and challenges associated with international business, payments and trade. Our team of foreign exchange specialists have a wealth of experience and are supported by a service team to ensure that you have the correct foreign exchange solution for your needs.
Foreign exchange solutions
We offer easy access to global payments, dealing, transfers and receipts via our online banking platform making international transacting easier. We provide regulatory services for your unique industry needs and offer a range of foreign exchange products and services which includes spots, outright Forward Exchange Contracts (FECs), optional forwards and currency options as well as CFC accounts which allows you to operate a transactional account in any of the major currencies.
Whether you purchase products or pay for services from another country, we help you manage your international business payments securely and conveniently via online banking and Online Banking EnterpriseTM.
We offer Forward Exchange Contracts (FEC’s) to qualifying clients who have an approved pre-settlement facility. Forward Exchange Contracts allow customers to fix the exchange rate for future dated payments. These types of contracts are flexible, and the delivery dates can be tailored to meet individual requirements.
Spot deals allow for the purchase of a currency amount at a fixed rate for settlement within two working days. These deals do not require an approved pre-settlement limit.
Customer Foreign Currency Accounts (CFC)
Our CFC accounts are specifically designed for South African businesses involved in import/export transactions including providers of services receiving or making regular foreign currency payments. Trade finance may also be available to facilitate these transactions.
Exchange Control services
Our exchange control specialists help smooth the way by being on-the-ground to assist with everything from simple forex transactions to complex exchange control applications.
When you are working in one country, it can be challenging to manage your money and make payments in another. We offer assistance from an exchange control point of view on how to best navigate the intricacies of doing business or starting a business in a foreign country.
Direct Dealing desk
Customer dealers facilitate foreign exchange and money market transactions for clients with whom they maintain a close relationship. The structuring specialists also assist clients with more sophisticated transactions where derivatives, commodities and multi-faceted financial engineering expertise may be required
Accelerate, our best-in-class foreign exchange dealing platform, offers you the best in technology, Accelerate enables you to become the dealer and choose the quote when it best suits your business needs. Deals can be booked with a single click and the entire process is reliable and transparent.
With Accelerate, you can deal with confidence, knowing that you are always supported by RMB’s team of professional dealers whenever you need guidance, insight and that personal touch.
We provide our clients with free workshops (face-to-face or virtual) in order to enhance their understanding of treasury risk and the various products that can mitigate it.
- Subscribe to our research service and receive both technical and fundamental analysis to help you with your decision-making.
- Given the current virtual environment, we offer regular webinars to keep you up to date with current information that pertain to your cross-border needs.
SMS rate reminders
As a client of our Direct Dealing desk, you can receive SMS updates of USD/ZAR, ZAR/GBP and ZAR/EUR exchange rates.