Our Business Global Account (CFC account) is specifically designed for South African businesses which handle import and export transactions or are service providers receiving or making regular foreign currency payments. This account also offers hedging capabilities, which can help businesses manage currency risk.
Our Business Global Accounts are elected currency denominated accounts which can be used to mitigate exchange rate risk. It is used by exporters and importers to hold foreign currency for payment of goods or receipt of funds for products supplied or services rendered.
Get the best out of our Business Global Account by managing your foreign currency flows.
This account suits businesses involved in import and export transactions, such as ships agents, freight forwarders, marine insurance, stockbrokers and other similar businesses.
We offer you 40 different currencies to choose from.
Export proceeds can be retained in the account and used to settle import commitments.
Assists in hedging against exchange rate fluctuations. Exporters can also eliminate exchange risk.
Can be used for bridging finance provided it is settled by means of export proceeds.
You can earn interest in the denominated currency.
South African based businesses
Standard FICA documentation will be required to open this account. Once we have received and validated your documentation, you will be able to active your new account by making a transfer.
Not a South African based business?
We have a Non-resident Business Global Account for you! Simply email us on firstname.lastname@example.org or ask to your Business Banker for more information.
We offer 40 currencies, of which, 9 can be opened online. To open our other currency accounts, fill in the "call me back" form. Alternately, contact your Business Banker.