Introduction to AFEX for

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The purpose of this proposal is to introduce our overseas payment and risk management solutions to your business. Our main objective is to identify areas where we can add value to your business, becoming your trusted business partner.

Introduction

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Headquartered in California, AFEX is a trusted global payment and risk management solutions specialist with a heritage that

dates back to 1979.

We are seamlessly operating 24 hours a day, 7 days a

week, in over 200 countries, trading more than $15bn in foreign exchange each year

for our 24,000 clients.

We can handle every aspect of a client’s foreign payment needs, from risk consultation

to transaction execution.

About us

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Our footprint is truly global with offices throughout Asia Pacific, EMEA and the Americas; we’re able to operate across all time zones ensuring the needs of our clients are met.

About us

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Your success is our success.

We view all of our clients as partners.

Our foreign exchange experts will create a detailed profile of your

company’s foreign exchange exposure and produce a fully

customised solution exactly suited to your unique needs.

Tailored approach

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Whether you want to reduce costs, manage risk or seize opportunities in currency markets, our range of customised solutions can help you achieve your goals.

Unique solutionsjust for you

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Risk Management Approach

Identify & Evaluate

RiskObjective

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Budget &Costing Rates

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Risk Profile

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Formulate & Execute Hedging Strategy

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Execute Results &

Adjust

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Forward Contracts allow you to lock in exchange rates for up to 12

months in the future without having to use all of your cash flow to purchase the currency upfront.

Forward Contracts provide your business with certainty amongst the volatile realms

of the foreign currency markets and can be tailored

to your requirements throughout the 12 month

period.

An initial deposit may be required depending on many

factors surrounding the risk of your commercial requirement.

Forward Contracts

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Currency Options Like Forward Contracts, Options allow you to protect your bottom line against fluctuations in the currency market but with Options there’s also potential for you to take advantage if the currency pair moves in your favour.

Pay a premium upfront and you can fix an exchange rate for a point in the future where you can benefit up to 100% if the rates move in your favour. The higher the premium, the more flexibility and freedom you have.

If paying a premium does not suit your business model, the cost can be built into your exchange rate, this would lower the rate of exchange but you will still be able to benefit 100% if the rate moves into your favour.

There are two basickind of Options:

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Risk Management Case Study• Proaqua bought $580k USD at 0.8060 on Dec 14 using a Participating Forward • Instead of delivering this at market rate of 0.7766, they used protection• This resulted in savings of over $27,000

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“We have been using AFEX for the last 18 months to hedge our exposures to foreign currencies. During this time we have used a number of different strategies (spot, forward and options) to minimise our risk and protect our bottom line, with our dedicated Account Executive offering their time and effort to ensure prompt settlement of trades and cost, creating effective strategies to maximise our bottom line and minimise our time spent worrying about currency.” Matthew Curtis, CFO at Bundaberg Brewed Drinks (www.bundaberg.com )

“Using AFEX to convert our foreign exchange at Caterham F1 has been a fantastic business decision for us. The strategic work on ensuring the conversions are done at the right time and via appropriate product has significantly improved our bottom, counterparty for any business or institution.”

Ruban Ghandinesen, Group CFO at Caterham Formula One (www.caterhamf1.com)

“I’ve used AFEX for over 3 years now and have found great value in doing so. The relationship you develop with your Account Executive is vital in ensuring you trade at the correct time and via the correct products. I am honest when I say, our bank doesn’t help us make strategic decisions and in doing so, AFEX have added thousands of pounds per annum to our bottom line. I strongly recommend AFEX to any business looking to improve their FX process and importantly, save money”.

Drummond Harkin, Head of Treasury at Volkerfitzpatrick Ltd (www.volkerfitzpatrick.co.uk)

Testimonials

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Pick up the phone:Speak to Kim/AlastairSpeak to James/Tom

You’re ready to manage your currency

risk!

Next Steps

Organise an account:Can be set up within 24

hoursNo cost, obligation or

charge

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Questions