Greenback Forex Services Private Limited

Over the counter interest rates and cross currency derivatives like interest rate swaps, forward rate agreements (FRA) and currency options are some of the pre-dominant tools used by corporate to manage interest rate and currency risks. With options on currency being allowed and further liberalization of the Indian financial markets, new risk management products like currency and interest rates swaps have become corporates hedging needs.

In what is arguably in one of the most volatile markets, timeliness and relevance of information holds the key to effective decision-making. Information about the movements and trends in the forex market is all the more crucial because it has a direct impact on the bottom line of the corporate. Accurate and timely information is not only a facilitator to decision making but also goes towards ensuring that the corporate is obtaining rates in line with the market.

In what is arguably one of the most volatile markets, timeliness and relevance of information about the movements and trends in the forex markets is all the more crucial because it has a direct impact on the bottom line of the corporate. Accurate and timely information is not only a facilitator to decision making but also goes towards ensuring that the corporate is obtaining rates in line with the market. We satisfy the above need by means of our information service module. Acting as information service providers to more than 500 corporate clients across the country, we ensure that our clients remain informed about the market and the changes taking place therein. Information is delivered through a variety of communication media like e - mail, fax and SMS. Reports are sent on a daily basis with a weekly and monthly round up. The reports encompass all possible information about the forex market and the money market. Apart from data on inter-bank rates and premiums, the reports would also provide data on various money market and forex benchmarks, indicative quotes for derivatives including fundamental and technical commentaries.

With liberalization of exchange controls in India and simplification of procedures by RBI through a plethora of circulars and notifications, various activities involving foreign exchange inflows and outflows can be now freely effected. Corporate are required to keep themselves updated with such developments. We meet this corporate need by informing corporate about the latest amendments with interpretation of the same and most importantly how the corporate is affected by such changes. Also, we help corporate in obtaining specific RBI approvals by understanding the facts of the case and presenting it in an appropriate manner. All in all, our efforts are directed to the sole purpose that corporate understand the policies affecting them; comply with all the regulatory requirements, while taking advantage of any flexibilities offered by law.