Benefits of a Corporate Trading Account
By completing a corporate trading account application, you'll have an assigned account manager. An approved credit report also enables companies to issue cheques, saving them the trouble of obtaining a bank draft. Account managers can be reached at the trading desk by calling 604-685-1008, as well as by email. Account managers also act as traders, and can provide spot and forward rate quotes, discuss foreign exchange solutions and monitor the markets. Clients can leave daytime and overnight orders with their account manager, and will be notified once their order has been filled.
But the main advantage of obtaining a corporate account manager/trader is that they are familiar with your needs, are accustomed to your buying and selling cycles, and can inform you when rates are favourable, as well as verify your orders and trading instructions. Bank tellers aren't always knowledgeable about exchange rates and wire transfers, and can quote incorrect exchange rates. Our expertise is focused solely on how we can bring favorable rates to our customers.
To apply for a VBCE Corporate Trading Account, simply download our VBCE Application Form and return the completed form by fax (604-685-7923) or email traders@vbce.ca.