HERMAN BEZUIDENHOUT: Forex intermediaries’ invaluable role in global trade
In today's financial landscape, intermediaries such as foreign exchange specialists and bond originators have become invaluable allies for businesses and individuals alike. Just as bond originators in South Africa go the extra mile to secure competitive financing deals for property buyers, foreign exchange intermediaries play a similar role in the complex world of international trade and currency transactions. Both types of intermediaries add significant value by providing specialised knowledge, negotiating on behalf of clients, and offering a level of service that mainstream financial institutions often cannot match.
For clients ranging from small and medium enterprises to large corporations, parastatals, state-owned enterprises and investors, accessing expert advice and tailored solutions can be crucial for staying competitive. However, traditional banks often tier their pricing, products, and service levels according to the client's size and standing. This means that smalle...
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