SOLUTIONConsidering the risk and cost involved in the transaction, Myforexeye team approached overseas funding banks for the best rates possible for the transaction.
The LC was issued with the final arrangements and after a couple of days, the client disclosed the urgency of receiving the documents without getting it routed through the funding bank, as his shipment arrived early.
The payment was put on hold for 3 days after which the issue was resolved between the client and his supplier and all the payments were made on respective due dates to the beneficiary
Myforexeye team was able to continually assist the client through all the stages of the multi-tiered transaction to its ultimate conclusion by timely coordination with the involved parties. In addition, it was done in a cost-effective manner to make funding cost reasonable. The client was happy with our service to syndicate a difficult transaction in a timely and cost-effective manner.
07 May 2021 01:04 PM
Our existing client, an IT company had contracts spanned across 2 years. They had Long term exposure of USD 12 million but were unable to hedge long term forwards i.e. more than 1 year.
08 Apr 2021 05:50 PM
A Bengaluru based exporter, banking with a leading private bank, had an inward of USD 79,586.
27 Mar 2021 06:38 PM
A Delhi based exporter with a monthly exposure of USD 100,000 was managing their forex exposure by booking window forward contract with their bank.
19 Mar 2021 05:30 PM
Exporter Saves INR 17,370 On A Single Transaction
05 Mar 2021 03:06 PM
Myforexeye met an exporter when the USDINR spot was at ?72.40.The forward premium for April was 70 paise.
25 Feb 2021 06:10 PM
Our existing client, a garment exporter had hedged his receivables and sold EURINR forward @85.60 for Dec 2020 but part of their order got cancelled. They were able to cancel the balance contract only on maturity @89.90, booking a loss of INR 4.3 per