Introduction to AFEX for corporate clients

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• About us

• Corporate philosophy

• Key facts

• Tailored approach

• Our solutions

• Risk management

• Settlements options

• AFEXDirect

• Testimonials

• Next steps

Agenda

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The purpose of this proposal is to introduce our overseas payment and risk management solutions to your business. Our main objective is to identify areas where we can add value to your business, becoming your trusted business partner.

Introduction

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Headquartered in California, AFEX is a trusted global payment and risk management solutions specialist with a heritage that dates back to 1979.

We are seamlessly operating 24 hours a day, 7 days a week, in over 200 countries, trading more than $15bn in foreign exchange each year for our 24,000 clients.

We can handle every aspect of a client’s foreign payment needs, from risk consultation to transaction execution.

About us

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About us - video

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Our footprint is truly global with offices throughout the Americas, EMEA and Asia Pacific; we’re able to operate across all time zones ensuring the needs of our clients are met.

About us

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Our rich heritage, market experts and range of customizable products are unrivalled within the industry, helping us become one of the world’s largest non-bank payment and risk management solution providers in the world.

Our corporate philosophy guides our people, our processes and inspires trust in our clients. First class customer service coupled with a strategic approach to creating highly personalized solutions are the cornerstones of our philosophy.

Corporatephilosophy

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AFEX (Associated Foreign Exchange)

was founded in 1979.

1We provide commercial

foreign exchange solutions for businesses

and private individuals, including a

range of global payment and risk management solutions such as Spot Transactions, Forward Contracts and delivery.

2Trading more than $15bn in foreign exchange each

year.

3One of the world’s

largest non-bank, private providers of global payment solutions.

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FINTRAC registered and

regulated.

5We are licensed and

regulated in all jurisdictions in which

we operate.

6We are proud of our AA

credit rating, with leading credit agencies.

7We have won the

Deutsche Bank "Straight Through Processing

Award" five years in a row.

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Key facts

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AFEX has been offering clients safe and secure ways to manage international payments since 1979, and is the fastest growing independent foreign exchange provider in each of the global markets in which it operates.

Client funds are segregated, as part of safeguarding arrangements, in the unlikely event of liquidation.

Funds are held either in client trust bank accounts or at one of AFEX’s counterparty brokers, as cash in transit or collateral, to meet our obligations relating to clients’ trades.

Funds can only be used to fulfil the contractual obligations of our clients. They will never be anywhere other than in the segregated client accounts with our banking counterparties.

AFEX does not work with currency speculators and only operates under instructions from our 24,000+ customers worldwide. Every trade is marked to market, which ensures minimal credit and market risk.

Regulatory structure

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Our corporate and treasury solutions are perfectly suited for

large corporations that require an integrated, efficient and personalized approach.

We work with corporate clients to help them manage risk and seize

opportunities in currency markets. Our mission is quite

simply to become your trusted business partner, helping you

protect your profits and achieve your goals.

By utilizing a range of very sophisticated risk management solutions and online tools, we

will create a personalized solution for your company.

Corporateand Treasury

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Your success is our success.

We view all of our clients as partners.

Our foreign exchange experts will create a detailed profile of your company’s foreign exchange exposure and produce a fully customized solution exactly suited to your unique needs.

Tailoredapproach

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Convenient, secure and fast delivery of

funds

Global 24/7 secure

payments online with

AFEXDirect

Incoming and outgoing wire

transfers

Award-winning settlement processing

Expert guidance and FX tools

Cross-currency trading services

Reduced currency risk with Spot and

Forward contracts

Conversion of foreign bank drafts

and cheques

Targeted and competitive

exchange rates

Personalized solutions

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Whether you want to reduce costs, manage risk or seize opportunities in currency markets, our range of customized solutions can help you achieve your goals.

Unique solutionsjust for you

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Imports and Exports Claims Management

Corporate Service Providers

Education Freight Forwarders

Fund and Wealth Managers

NGOs and Charities Real Estate Travel

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Industry solutions

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Forward Contracts allow you to lock in exchange rates for up to 12 months in the future without having to use all of your cash flow to purchase the currency upfront.

Forward Contracts provide your business with certainty amongst the volatile realms of the foreign currency markets and can be tailored to your requirements throughout the 12 month period.

An initial deposit may be required depending on many factors surrounding the risk of your commercial requirement.

Forward Contracts

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Risk Management – One of our core business goals is to help

our clients manage their international business risk.

Strategy – Our specialists will help you create a comprehensive

Risk Management Strategy to help protect your business against

volatility in foreign exchange markets.

Forward Contracts – Reducing or removing the impact of

currency movements. With the right application, forwards can

be an extremely effective product to mitigate currency

fluctuation and risk.

Currency Options – The right but not the obligation to buy or

sell an agreed amount of foreign currency, at a

predetermined exchange rate, on a specified future date.

Market Watch / Limit Orders – We will monitor markets and

update your clients about movements in currencies of

interest, so they have the latest information to make informed

decisions.

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Risk management solutions

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Risk management approach

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Currency Options Like Forward Contracts, Options allow you to protect your bottom line against fluctuations in the currency market but with Options there’s also potential for you to take advantage if the currency pair moves in your favor.

Pay a premium upfront, and you can fix an exchange rate for a point in the future where you can benefit up to 100% if the rates move in your favor. The higher the premium, the more flexibility and freedom you have.

If paying a premium does not suit your business model, the cost can instead be built into your exchange rate, and you will still be able to benefit 100% if the rate moves into your favour.

We offer a full suite of Options products:

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Rate Orders allow you to manage any currency fluctuations around the clock by allowing you to choose a target buy or sell rate. Our Relationship Managers will guide you on a suitable target rate and notify you once the target rate is reached.

Rate Orders can sit in the market for any length of time but are traditionally limited to 14 days. You can even limit a Rate Order to the length of a couple of hours, which could be crucial within a fast moving market.

Rate Orders

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Settlement options vary depending on your exact requirements. Rest assured, however, that all our Settlement options are secure and timely, using either SEPA or SWIFT. In fact, our payment options are so efficient we have earned the Deutcshe Bank ‘Straight Through Processing Award’ five years in a row.

Our developed credit department and direct debit facility, means we can offer your business instant settlement on your AFEX trades. This automated service will add to your treasury efficiency and ensure instant delivery of funds in either yours or your supplier’s account.

Settlement Credit Award winning settlement options

Settlement options

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Settlement options We maintain over 50 foreign bank accounts and 14 offices worldwide, providing the local release of payments which means no intermediary fees.

AFEX Direct can be fully integrated with your ERP system. You can execute payments and manage your international currency exposure 24 hours a day.

Our network of trading partners allows us to provide some of the most competitive exchange rates possible.

Settlement options:

All our Settlement options are secure and timely, using either SEPA or SWIFT, the worlds largest payments network. This ensures a secure, speedy and reliable solution for Outgoing and Incoming Wires.

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AFEXDirect is our industry-leading online solution for managing global payments. It provides peace of mind by giving you access to your foreign currency balances 24/7, from practically any location. Free, flexible and easy to use, AFEXDirect puts you on top of changing conditions in the market.

It provides you with a comprehensive suite of advanced online functionality for all your global payments. Our consolidated, easy-to-use system delivers an efficient, effortless process, from entry to receipt.

AFEXDirect

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AFEXDirect

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AFEXDirect

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Create and execute Spot Transactions and Forward Contracts.

Pay beneficiaries by Wire Transfer or Bank Draft.

Choose from several different settlement methods including Wire Transfer, CHAPS, BACS, check and Direct Debit with multiple settlement accounts.

Plan and manage cash flow with separate totals of currencies purchased and scheduled payments for future release dates.

Set user-specific permissions and access rights with a multi-tiered approval process.

AFEXDirect – key features

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Access the platform in various languages independent of your location.

Get automatic verification of beneficiary banking details for proper payment format.

Full adherence to international banking and compliance requirements.

Generate comprehensive transaction reports.

Process multiple payments in one simple step through our integrated file upload.

Take advantage of incoming payment services with foreign funding balances and cross currency functionality.

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AFEXDirect – key features

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“We have been using AFEX for the last 18 months to hedge our exposures to foreign currencies. During this time we have used a number of different strategies (spot, forward and options) to minimise our risk and protect our bottom line, with our dedicated Account Executive offering their time and effort to ensure prompt settlement of trades and cost, creating effective strategies to maximise our bottom line and minimise our time spent worrying about currency.” Matthew Curtis, CFO at Bundaberg Brewed Drinks (www.bundaberg.com )

“Using AFEX to convert our foreign exchange at Caterham F1 has been a fantastic business decision for us. The strategic work on ensuring the conversions are done at the right time and via appropriate product has significantly improved our bottom line. Added to this, the superb customer service we receive from our Account Executive, I wholeheartedly recommend AFEX as an FX counterparty for any business or institution.”

Ruban Ghandinesen, Group CFO at Caterham Formula One (www.caterhamf1.com)

“I’ve used AFEX for over 3 years now and have found great value in doing so. The relationship you develop with your Account Executive is vital in ensuring you trade at the correct time and via the correct products. I am honest when I say, our bank doesn’t help us make strategic decisions and in doing so, AFEX have added thousands of pounds per annum to our bottom line. I strongly recommend AFEX to any business looking to improve their FX process and importantly, save money”.

Drummond Harkin, Head of Treasury at Volkerfitzpatrick Ltd (www.volkerfitzpatrick.co.uk)

Testimonials

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Case study

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Next steps

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Questions