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Foreign currency trading services
We help corporate clients mitigate exposure to FX volatility risk. We access multiple pools of liquidity to secure sharper pricing, enabling our clients to benefit from seamless execution and fast, secure settlement of spot FX transactions across a range of major, minor and exotic currencies.
Service Features
- Trade spot FX online 24/5 and settle Cash / T+1 / T+2
- Trade execution-only via phone or MonFX trading platform
- Contracts on G10, Emerging Markets and APAC currency pairs
- Local settlement nostro accounts at DBS
- Same-day settlement on all majors and extensive range of exotic currencies
MonFX settles the BUY currency on a real time basis by client instruction to:
- Client’s own account
- Client’s subsidiary or related company
- Third party payments (subject to compliance clearance)
Cross-border payment services
By streamlining international FX payments, corporate clients can increase operational and cost efficiency across the business. Our automated, individual and batch payments service enables clients to pay overseas suppliers and invoices more efficiently, manage global payroll and multi-currency payments in over 60 different currencies across the world. Within MonFX Pay, clients can instruct FX trades and manage FX related payments, whilst benefiting from competitive pricing and access to our liquidity.
Security of client payment instructions
MonFX Pay enables clients to trade same-day, tomorrow and spot contracts, while related cross-border payments are made with speed, accurately and securely using SWIFT and domestic settlement networks. SWIFT Registered with GPI SWIFT Tracking Services. MonFX Pte Limited is listed as a SWIFT license insitution, registered on the SWIFT Service Bureau Directory under our own BIC: MNPTSGSG.
Online access to historical trade and payment information
All payment transactions instructed through MonFX Pay are accessible via a comprehensive audit trail. Payment confirmations, a full trading history and activity reports ensure clients stay in control of all FX movements on their account.
