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Services Offered By Global Intermediate Traders
A forward exchange contract commonly known as an FEC or forward cover is a contract between a bank and its customer whereby a rate of exchange is fixed immediately for the buying and selling of one currency, for another, for delivery at an agreed future date.
A 10% deposit is required.
Foreign Exchange Contracts
A foreign exchange contract is an agreement under which a business agrees to buy a certain amount of foreign currency on a specific future date. The purchase is made at a predetermined exchange rate.
Offshore Investments
Offshore investment allows you to invest in offshore assets (also known as global assets) without the money physically leaving South Africa. No tax clearance is needed and the investment performance and value is reported in rand value. These investments are simple to understand for investors
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Spot Payment
In finance, a spot contract, spot transaction, or simply spot, is a contract of buying or selling a commodity, security or currency for immediate settlement (payment and delivery) on the spot date, which is normally two business days after the trade date.
CFC Accounts
A customer foreign currency (CFC) account is a transactional account denominated in a foreign currency, ie any currency other than rand. It is available in all major currencies and is a useful mechanism for managing foreign currency receipts and payments.
Historic Market Rates
Download and Complete Forms Below
Send Completed Forms to info@globaltraders.co.za
Client Investment Mandate Intermediary Disclosure Individual Requirements CCM individual tax form Record of intermediary services Mandate Offshore SDA
CMM Entity Annexure Co Habitant Form GIT Requirements CCM Entity tax Form
0% Com. A flat fee of R391.30 at Competitive Market Rates Global Intermediate Traders subscribes to the current prevailing market rates of the day
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