FX Foreign Exchange Personalized Service 100% Security Great Rates
About Olympia Established in 1996, Olympia Trust Company (Olympia) is a non-deposit taking trust company formed under the Loan and Trust Company Act, with two primary operating divisions, Foreign Exchange & Prepaid Services and Self Directed Registered Plans. With offices across Canada, Olympia provides industry leading, value adding services to our clients. Our Self Directed Registered Plans Division provides its more than 80,000 clients with flexibility and control over their investments while enjoying the tax-deferred benefits of a registered plan. Olympia is ranked amongst Canada s Top Small & Medium Employers as well as Alberta s Top 65 Employers. Providing a positive work environment for our more than 200 employees, allows Olympia staff to live by our motto With Us It s Personal, and provide our clients with exceptional service. Our parent company Olympia Financial Group is a publically traded company on the Toronto Stock Exchange under the symbol (OLY). About FX Olympia offers the best alternative for foreign exchange. As a dedicated foreign exchange provider, Olympia is committed to providing best in class customer service that is timely and direct to your needs. The size and structure of Olympia allows us to obtain inter-bank exchange rates; these rates are passed on to our clients, providing our clients with access to the best rates available. Last but not least, Olympia offers what no other dedicated foreign exchange provider can; 100% Security. Utilizing segregated trust accounts, we provide our clients with 100% security throughout the entire transaction process.
FX Foreign Exchange Personalized Service Your Time is Valuable. The currency markets are volatile and complex; allow Olympia to be your in-house foreign exchange expert. When you choose Olympia, it is like adding a currency expert to your team, we work with you to understand your foreign exchange needs and provide you with the best products and services tailored to meet your needs. Saving on foreign exchange isn t just about getting the best rate; volatility in the foreign exchange market can cost or save you thousands. Having a partner like Olympia watch the markets for you, will make a huge difference to your bottom line, while allowing you to spend your valuable time focusing on your core business. Great Rates 100% Security With Olympia your funds are protected 100%. When you book a foreign exchange transaction with Olympia, your funds are places in a segregated trust account throughout the entire transaction. Once we have delivered your funds to your payee(s), we complete the transaction. Don t sacrifice security for a good rate. Get the best of both worlds and allow Olympia to put your mind at ease with 100% security on your currency exchange. Olympia handles more than $2 Billion annually in foreign exchange transactions. This volume allows us to take advantage of rates reserved only for large financial institutions. Olympia foreign exchange also shares our operating overhead with other Olympia divisions, allowing us to operate with far tighter margins than our competitors, and pass rates not typically seen in the FX market to our clients.
FX Foreign Exchange Market Orders Do you have flexibility in your payments and cash flow and are looking to use that flexibility as an advantage? Olympia s sophisticated trading platform allows our clients to enter market orders at a set exchange rate. Our system monitors the currency market and if the market reaches your desired rate your order is filled, and we will contact you to complete the transaction. Market orders can lower your costs and improve your bottom line by allowing you more control over when the transaction takes place and at what rate. Turn your flexibility into an advantage. Spot Transactions A Spot transaction is one that takes place at current market pricing. Most customers utilize Spot transactions for some or all of their foreign currency exchange transaction. Olympia Trust Company operates on a sophisticated trading platform that provides up to the second updates on the foreign currency exchange market. Contact one of our Foreign Currency Exchange Specialists on one of our trade floors and they will provide you with the live market rate. If you want to proceed with the funds purchase, we will purchase the funds for you, receive your payment and direct your funds anywhere you want them to go. Have an immediate need to pay a supplier in Europe or around the globe? No problem, call one of our Foreign Exchange Specialists and we will get you started. Products & Services
Forward Contracts Forward contracts enable you to reduce your exposure to volatile currency market fluctuations. A forward contract allows you to take advantage of current market prices, without having to pay all the funds up front. With contracts available up to 12 months and open periods of 90 days, Olympia will work with you to determine the best strategy for your needs. Forward Contract rates are determined by the current spot rate, the length of the contract and the interest rate between the two countries (currencies). Sales margins can be extremely tight, and taking risk with currency exchange can have a significant negative impact on your bottom line, especially over a period of several months. Using forward contracts allows you to mitigae any future foreign exchange risk or to lock in profit margins today. Closed Forward Contracts A closed forward contract is set for a fixed future date. If you know the exact future date you will require the foreign currency, a closed forward contract allows you to take advantage of today s market pricing. A forward contract locks in your currency price so you don t have to worry about currency fluctuations affecting your future transaction. Once your payment date arises we will contact you to complete the transaction. Open Forward Contracts An open forward contract provides you with some flexibility with respect to completing the foreign exchange transaction. With open periods from 30-90 days, an open forward contract allows you to close out the contract within the defined open period. If you do not know the exact date for your future currency transaction, but want to take advantage of current pricing, an open forward contract provides you with flexibility and peace of mind.
Foreign Currencies Olympia handles nearly 130 foreign currencies, allowing us to provide you with global currency service. Our sophisticated banking systems allow us to process payments worldwide, often quicker than other financial institutions. To access our list of available currencies visit our webpage at http://fx.olympiatrust. com/currency-exchange/ Security & Compliance Olympia Trust fully complies with the policies and procedures of the agencies governing against money laundering and terrost financing in the countries we do business in. All information on the new customer form is essential in the process of compliance with the following agencies. Canada United States United Kingdom Financial Transactions and Reports Analysis Centre of Canada www.fintrac.gc.ca Financial Transactions and Reports Analysis Centre of Canada www.fintrac.gc.ca Financial Transactions and Reports Analysis Centre of Canada www.fintrac.gc.ca Our Commitment to Service Simple Account Set up Same Day delivery and bank transfers at no charge Advanced Market Orders Global Wire Transfers and secure drafts Short and Long Term forward contracts
FAQ How does Olympia Trust save me money on Foreign Exchange Transactions? Olympia specializes in foreign exchange trading in excess of $2 Billion CAD annually, this focus allows us to watch markets for our clients and pass on the best foreign exchange rates. How do I become a client of Olympia FX? Contact us today and one of our dedicated Currency Traders will be glad to walk you through our simple New Customer Form. Who uses Olympia for Foreign Exchange? With more than 8,700 clients, Olympia has clients ranging from large multi-national corporations to sole proprietors. Olympia also extends its services to individual clients looking to complete large foreign exchange transactions Is there a minimum transaction size? The minimum transaction size at Olympia Trust is $10,000 USD for corporations and $25,000 for individuals. Some other currencies may have larger transaction minimums. Our minimum transaction amounts allow us to effectively manage our overhead costs and keep passing the savings on to our valued customers. What are the fees for using Olympia FX? There are no fees for using Olympia FX, some transactions such as wires may have associated fee s but these will be clearly explained to you and will be much less than the charges from other institutions. Can Olympia Trust handle all of my foreign payables and receivables? YES! Contact us today and we will take care of the rest.
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