Posted on Jul 22, 2021

Cross-border splits among members are trending up with 14 new deals reported last month. For exchange exposure and risk is common when sending and receiving split-agency payments.

Members are required to pay brokerage in US dollars and to pay their partner in the partner’s local currency. NPAworldwide has partnered with Cambridge Global Payments, a leading global payments provider to help our members facilitate split agency payments. Their currency coverage spans 145+ currencies to over 200 countries. Cambridge can also help our members receive payments in 30+ currencies without having to open local bank accounts in foreign markets. If you’re expecting payments from the UK for instance, Cambridge can receive Great British Pounds (GBP) on your behalf and covert to US dollars for you at a preferential rate thereby improving relationships with other member firms located outside the United States.

For more information, please contact Cheryl Girling at cgirling@cambridgefx.com.