International
Payments 
Why
should I use Cambridge Mercantile and not
a regular bank to make international payments?
What is the difference between
a Forward Contract and a Futures Contract?
Can a Forward Contract be terminated
early?
Are there any hidden charges
or fees for forward contracts or swaps?
What is the difference between
a wire and a draft?
How can I get my money in my
hands, now that my customer in Taiwan has
unloaded my shipment?
I'm closing a major business
deal in Los Angeles today. Can I get the
money there to seal the deal on time?
Why should I use Cambridge
Mercantile and not a regular bank?
Our only focus is international
payments and foreign
exchange. Businesses do better with
us, because we are able to give them more
personal attention and better rates.
What
is the difference between a Forward Contract
and a Futures Contract?
A
currency exchange Forward
Contract guarantees an exchange
rate for transactions being completed at
a future date or series of dates. Futures
Contracts are an investment option for
a commodity such as heating oil.
Can
a Forward Contract be terminated early?
Yes
it can. But since there are fees associated
with the transaction, it will involve extra
fees.
Are
there any hidden charges or fees for forward
contracts or swaps?
No.
Your costs are all spelled out in advance,
so you know exactly what you'll pay, when
you enter into the agreement.
What
is the difference between a wire and a draft?
A
wire is an instant electronic transfer of
funds. A draft is the issuing of an international
check.
How
can I get my money in my hands, now that
my customer in Taiwan has unloaded my shipment?
With
accounts in major banks in all major trading
nations, Cambridge Mercantile can collect
your funds anywhere in the world, and wire
it to your account immediately.
I'm
closing a major business deal in Los Angeles
today. Can I get the money there to seal
the deal on time?
In
the US, Cambridge Mercantile can arrange
same day settlement of your transaction.
However, in Europe, it normally takes 2
days. In exceptional circumstances we can
execute same day settlement in Europe, subject
to certain limitations.
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