Payments and foreign exchange

When trading internationally, there are steps you can take to ensure payments are made efficiently and to manage the impact of fluctuating exchange rates. This section explains more.

International payments

International payments Banks throughout Europe now all use a standard format for International Bank Account Numbers (IBANs) and Bank Identifier Codes (BICs). So, when making or receiving payments across EU borders, using IBANs and BICs makes the process quicker, safer and more efficient.

Protection against FX fluctuation

Key Summary

Businesses of all sizes are increasingly looking at new and emerging markets to support growth ambitions. But whether importing supplies or exporting goods for sale, strong management against currency fluctuation could be the key to bottom line strength.

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