| Step 1 |
You will need to first open an account with CFX |
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All you need to do is fill in our Trading Agreement form. If you need any assistance in completing the document email or call to speak to one of our CFX support team on 020 7292 5408. The completed form should be sent by post to: Raphaels Bank, CFX Department, Albany Court Yard, 47-48 Piccadilly, London, W1J 0LR. |
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| Step 2 |
CFX will process your account |
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We will then need to process your account before a transaction can take place. This will normally take approximately 1-3 days. |
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| Step 3 |
You will be contacted by a member of the CFX team |
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Once your account has been set up you will be contacted by one of our dealers who will then discuss your requirements with you. We have access to live market rates and therefore will be able to provide you with an accurate, competitive exchange rate immediately. |
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| Step 4 |
Deal confirmation sent out |
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Once you have decided to go ahead with your transaction and have confirmed your acceptance of the rate with your dealer, a deal confirmation will be sent to you by fax/ email/ post. This form will then need to be signed by you and returned to us. |
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| Step 5 |
CFX will carry out transaction |
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CFX will then co-ordinate the safe and timely transfer of your currency to the dedicated destination account. A spot contract will take 2 days to clear. If you have opted for a forward contract the maturity/transfer dates will have already been agreed in advance with your dealer. Your dealer will then advise you when the transfer is complete. |
