Business Services
Client Services
Foreign Exchange
Large Currency Transactions
Hutchinson acts as stakeholder for a high proportion of large currency transactions carried out by SGM-FX Limited on behalf of its client base. SGM-FX is an independent Foreign Exchange Company based in the City of London, which in its short lifetime has built up an excellent reputation for client service and innovation in its specialist currency business.
SGM-FX sources the best rates of currency available in the market and Hutchinson eliminates the debt exposure of all parties to the transaction (Client, Market Maker and Ultimate Beneficiary). All funds received by Hutchinson are held in Client Escrow Accounts at National Westminster Bank thereby providing complete security of the funds at all times. Virtually every currency in the world can be traded through SGM-FX, who will provide specialist currency rate advice and will aim to provide you with more advantageous exchange rates than could be obtained through traditional banking sources. How can they achieve this? Because they have direct access to the wholesale market (and therefore to the best foreign exchange rates) and because they charge NO commission!
For some typical examples of the use of an escrow facility and instructions on how to open an escrow facility account, click on the SGM-FX logo below.
Small Currency Transactions
Not all currency transactions are for such large amounts! If you need just a small amount of currency to take as spending money when you go abroad, why stand in a long queue at the airport waiting for everyone in front of you to complete their business? Why pay more commission than you need to? If you live in the UK, you can now buy the smart way and have your currency requirements delivered to your home by recorded delivery mail well before your departure date. There is no commission charged on currency and even the postage is free if you order over £300 worth!.