VBCE offers a cost-effective way to settle foreign currency denominated invoices. Whether a client needs a monthly run of USD cheques payable to various suppliers, or a lump sum purchase to increase the balance of a USD operating account, a better rate can't be found anywhere else. VBCE provides a wire payment service where clients also receive free wire confirmations by email or fax. Business clients can also hedge their future USD payables with open-dated or fix-dated forward contracts. VBCE offers a free same-day delivery service for most corporate requests which may be placed any time between 7:30 am and 5:00 pm Monday to Friday. Clients can also send couriers or visit our branch in person. Our main office is located at 800 West Pender, and is open between 9:00 am and 5:00 pm, Monday to Friday.
A recent trend is the importation of used automobiles from the United States and Japan. This trend is largely due to two factors: A strong Canadian dollar, which has gained both against the American dollar and the Japanese yen over the past three years. Secondly, falling asset prices from the fall-out of the sub-prime mortgage crisis in the United States. VBCE assists both individuals and dealerships with USD and JPY wire payments to their suppliers.