Answer: A service to evaluate and maintain Markups for your Foreign Exchange transactions with your Bank. The service arranges for optimal or appropriate FX pricing, which is regularly monitored and checked. Accordingly, Foreign Exchange Rate Integrity® assures you get fair pricing.

Answer: From Bloomberg, Reuters, or other systems Blades International can determine precisely—down to the minute—what the Interbank market has been on a historical trade. Most Middle-Market or smaller clients do not typically know their FX Markup. We are able to take your latest 3, 6, or 12 months of FX rate history and determine how much your bank has marked up your FX prices.

The rate is either set by a Foreign Exchange Trader when you call on the phone, or, if you use a bank online system, a formula to arrange a Markup based on various factors. The factors determining your FX rate include (1) the amount of the FX purchase, (2) your bank relationship, (3) how much volume you typically do, and (4) the specific currency, and other market factors. With our understanding of banking and how banks set FX markups for good clients Blades International can help you get what will be a Good markup for you and a Fair Markup for the bank.

Answer: You can learn the facts of the Markups and help your Manager learn how much the bank earns on your FX. It is good to know your costs and what your bank earns. This information can help your business save money in the long-run.

The FXRI Service is meant to ensure you are receiving fair markups, which will save your business money. Blades International has saved as much as 85% for some clients. Those banks gave great service and execution and then charged full Retail FX Markups. The service can also be a part of a “process improvement” plan to help companies become more efficient and save money.

Additionally, knowing how much your bank makes on FX transactions will help negotiations going forward. The more a client knows about how banks make money the better off in negotiating.

As banking services transition into the digital realm, it is important for companies to get in the habit of knowing their bank’s rates. We believe more FX trades will be electronic and fewer will be with traders in the future--this makes it even more important to know you’re Markups.

Answer: Blades International is using Big Data as we have experience, knowledge and the financial tools to pin down the exact cost of your Foreign Exchange Rate Integrity® and thus the Markups. With computer technology we can more readily understand what your Markup costs have been and monitor them going forward.

Answer: Blades International typically charges a fee to be mandated for review of the past year's activity. Then over the next year Blades International earns a percentage of the Proved Savings based on the trades that are monitored for Foreign Exchange Rate Integrity® on a monthly or quarterly basis. At the end of the first year period we can establish a modest maintenance agreement or the Client can ask us to periodically check the rates. This service is known as Foreign Exchange Rate Integrity® Auditing. Alternatively, a client can go forward with what we have arranged and taught them without any further cost. Accordingly, the client can have a Payback on the Fees they pay of about 4 months. In turn, they get the Savings for years continuously.

Blades International estimates a client will typically earn back, by FX Savings, what was initially paid upfront within weeks. Within about four months the client will have Saved enough to cover all the expenses incurred for a year and the Savings should continue perpetually.