A foreign exchange line of credit is a type of loan extended by a bank to an individual or a business in order to cover foreign exchange obligations. A business often takes out a line of credit with their bank in order to complete payments to foreign suppliers, for example.

Forex: We get credit facility from outside investors – IPMAN

The line of credit is often necessary because a business may place an order with a foreign supplier but the business may not have the funds necessary to make the payment by the due date. Perhaps the business is dependent on future revenues — profits made from the current supplies order, for instance.

For this reason, the business takes out a line of credit to ease its liquidity needs. Businesses making international transactions often open a line of credit with their bank and also conduct the foreign exchange step with the same bank. However, it is very possible and economically beneficial to separate both steps.

Businesses can save significantly on their foreign exchange costs by benchmarking their bank against the live mid-market rate and considering alternative foreign exchange avenues other than merely staying with their line of credit provider. How Will EMIR Impact Foreign Exchange. Fill out the below form to create your account and access the Kantox platform in demo mode.

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Credit Facility

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