May 23, 2005

Foreign Currency Transactions

Dear Sirs,

Foreign Payments specialise in all aspects of foreign exchange, in particular with Overseas Home Sales companies and their clients.

Because we deal direct with the client there is no administration on your part. Foreign Payments pay a rebate commission to all companies/agents who refer their clients to us. This means that all transactions will generate a payment for your business. This rebate is paid monthly in arrears and can be paid in the currency of your choice. For property companies dealing with a large client base, this can add up to thousands of pounds per year, with no additional work.


Our transfer service allows your clients to send bank to bank transfers directly to your account. Transfers take 2 working days to credit. We charge just ?10 per transfer below ?10k. Transfers above this amount are sent completely free of charge. Foreign Payments will even send a faxed or e-mailed confirmation to you, giving you details of the transaction.


There are many advantages to recommending our services:

Advantages to the client: Top rates, no fees and daily updates on rates and market news (this is sent via e-mail). We also offer a dedicated adviser for each client, meaning they do not need to deal with numerous people at their bank. We also offer a full back office service meaning we can deal immediately and efficiently with any problems that may arise.


Advantages to your company: Administration becomes easier due to the fact that most payments will be sent direct from one source (Foreign Payments) as opposed to numerous different banks. Confirmations are sent to you once we remit the clients payment. You can therefore know exactly how much you are expecting and when it is due to arrive. Most importantly you receive a rebate commission on all referred business. This is currently ?1.00 per ?1,000 remitted. A transfer of ?150,000 would mean a rebate commission of ?150. You will be aware that banks offer no such rebates. This commission is paid monthly in arrears and can be paid in the currency of your choice, by telegraphic transfer or foreign draft.

If you would like to make your clients aware of our services we will be happy to provide flyers/leaflets for any mailshots you may be sending. We can also send an e-mail link that can be sent to your client base or included on your website.

Foreign Payments believe that everyone benefits from this system. We gain additional business, your clients gain a personal, professional foreign exchange service (and save time and money) and your company gains an additional income stream, requiring no work on your part.

We will be happy to send this direct to those clients you think might benefit from our services.

In the meantime, if you require any further information, please do not hesitate to contact me immediately.