Resource Venture Companies
With B.C.'s recent economic boom, the junior mining industry in the province is thriving, and these companies typically must convert venture capital denominated in USD into CAD. These companies also often require payments in USD, EUR, AUD, ZAR, and MXN to be wired to their operations around the globe. VBCE is able to remit funds daily, and offers competitive flat wire fees. Other financial institutions often charge a fixed and variable portion on wire fees, which can be quite expensive.
If a company processes multiple wire transfers on a regular basis, VBCE can assist the accounts payable department by maintaining a portfolio of wire payment instructions for the various vendors that require foreign currency payments.