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Vivre La France

Case Study:
Vivre La France
When pitted against a retail banking institution the leverage we can exert on our market-makers all but guarantees a saving for our client, but, not every clients banks with a retail financial institution. This means that we are not always challenged to undercut a less than competitive retail margin.

A number of our clients engage us, or are introduced to us, because we can be precise to the minute with the releasing of money to our client's nominated beneficiary. This is particularly useful when dealing with the the more rigid property buying processes of countries like France because French notaires can be sticklers for diligence, allowing sufficient time and preparation on the part of the purchaser.

Our client sought to use us for the transmission of euros to the notaire charged with dealing with their purchase on the Côte d'Azur. We were engaged after the initial 10% deposit had been sent.

Such is the flexibility with which can operate, our client was prepared to leave his exchange until the day before his completion was scheduled, because he was confident we could have the notaire's account credited in time for his, the client's, in person arrival at the contract signing.

This matter relied less on the saving we could afford the client, although a £26,000 hair-cut was welcome, and more on the additional time our clearing processes gave the client. He wanted to see what would happen with the rate of exchange and our involvement in the purchase meant he could.
Transaction Amount:
€4,000,000
Transaction Type:
Property Purchase
Currency Destination:
France
Prime Cap Saving:
£26,000
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Solutions, both timely and complete.

Offering private and corporate clients access to terms, rates of exchange and tools specific to their transactions. 

Prime Cap Payments Limited (T/A Prime Cap | Prime Cap Payments | Prime Cap Global Payments) is registered in England and Wales No: 10755730. Registered address: 27 Old Gloucester Street, London, WC1N 3AX. For clients based in the United Kingdom and rest of the world, Payment and e-money services are provided by The Currency Cloud Limited - The Currency Cloud Terms & Conditions. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorized by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199)  For clients based in the European Economic Area, the issuance of e-money and the provision of related payment services for PRIME CAP PAYMENTS LIMITED are provided by CurrencyCloud B.V. CurrencyCoud B.V. is registered with the Dutch Chamber of Commerce in the Netherlands under number 72186178. Registered office Mr. Treublaan 7, 1097 DP, Amsterdam, Netherlands. CurrencyCloud B.V. is licensed and regulated by De Nederlandsche Bank as an Electronic Money Institution (Relation Number: R142701). For clients based in the United States, Payment services in the United States are provided by Visa Global Services Inc. (VGSI), a licensed money transmitter (NMLS ID 181032) in the states listed here. VGSI is licensed as a money transmitter by the New York Department of Financial Services. Mailing address: 900 Metro Center Blvd, Mailstop 1Z, Foster City, CA 94404. VGSI is also a registered Money Services Business (“MSB”) with FinCEN and a registered Foreign MSB with FINTRAC. For live customer support contact VGSI at (888) 733-0041.

All testimonials, reviews, opinions or case studies presented on our website may not be indicative of all customers. Results may vary and customers agree to proceed at their own risk.

 

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