Concorde Securities Ltd. allows individual (so called ‘market rate’) conversions, where the value date is the third banking day following the transaction. Treasury will buy or sell the amount that the client wants to convert in the interbank market without delay, and will quote a price for the client accordingly. The minimum amount for individual conversions is EUR 20,000, or an equivalent amount in another currency.
It is also possible to place an order. By giving a firm order, clients can instruct Concorde Securities to perform the conversion at an exchange rate that is better than the current market rate if the exchange rate reaches that specified level before the order expires. Firm orders remain valid until a given date and time, or until revocation.
By giving a call order, clients can instruct Concorde Securities Plc. to notify them when the exchange rate they have set is reached.