Service Offerings

Mercantile Exchange offers our customers two types of currency orders as well as flexible settlement terms through our Foreign Exchange Services.

Forward Contracts guarantee our customers a set exchange rate for transactions being completed at a future date or series of dates. Forwards provide a locked-in price while guarding you against potential volatility in the exchange rate market. We deal in two different types of forward contracts.

Fixed Forwards - Set delivery date within 365 day period.

Option Forwards - More flexible delivery date occurs in a set period up to 30 days within the next 365 days.

Spot Contracts exist as a bilateral contract between a party delivering a specified amount of a given currency against receiving a specified amount of another currency from a second counter party. The transaction is based on an agreed exchange rate and is usually settled the next business day.

We understand that all of our customers have unique business objectives and Mercantile Exchange is there to provide the flexibility you need to best serve and support these goals. we take pride in offering all our clients the following flexibility in delivery methods.
Flexible delivery terms that best suit your needs

Cheques
In order to offer our clients transactions at lowest possible costs, we can deliver US, Canadian, Sterling and Euro funds in the form of cheques addressed to either the client or to their suppliers.

Wires
If preferred, an electronic transfer can be deposited directly into the payee's bank account. Between major banks, these transfers are very quick, reliable and the most secure means of payment.