RVB will undertake an audit of clients' foreign exchange transaction costs and exposure, identifying specific points where improvements can be made in terms of pricing, procedure and management of currency risk.
The client receives a report showing the findings, clarifying the existing pricing. RVB can then discuss with the client the best way to proceed and assist them to implement the suggested improvements.
The global foreign exchange market while large is often opaque when it comes to pricing on spot and forward execution. It is not uncommon for clients to be completely unaware of the spread being charged by the bank for execution and it is often bundled with other products and service offerings, such as custody.
Our experience has shown that although on occasion pricing may be quite proper and reasonable, it is completely negated if there are no measures in place to protect against currency market movement.