![]() Before acting on the information you should consider whether it is appropriate for you, in light of your objectives, financial situation or needs. The information contained is general in nature. Registered office: Level 17, 55 Clarence Street, Sydney 2000, NSW, Australia In New Zealand, World First Pty Ltd is incorporated as an overseas ASIC Company (CN: 5837089, NZBN: 9429042041061), is a financial service provider (FSP) on the FSP Register (FSP1000732), is an AML/CTF reporting entity regulated by the Department of Internal Affairs (DIA) for remittance, and a member of Financial Services Complaints Limited membership number 8696. Australian Company Number (ACN) 132 368 971. You must notify World First of all acquirers that you intend to receive funds from prior to trading.World First Pty Limited is our Australian company and regulated by the Australian Securities and Investments Commission (ASIC), AFS Licence number 331945. You can only use this account for receipt of e-commerce sales if you are trading with users of approved marketplaces such as Amazon or Ebay. You also have the option to tell them your worst case scenario rate, and if it does look to be falling below that price, World First will book it. World First can monitor your exchange prices on your behalf, so all you need to do is tell them the rate you want, then when the market moves to that rate, they will book the price for you. Sometimes it’s hard to keep on track of the market and if prices are rising or falling. It’s advantageous to use this from of money transfer as the rate can swing in your favour, so you will see 50% of the upside. ![]() The options at World First allow you to secure a fixed rate when you have an upcoming purchase. Options are also common across IMT platforms as they give the user the ‘option’ as a 50% participating forward. As an added benefit, to help with budgeting and planning, you have the flexibility to fix rates on the day of the scheduled transfer. For example, if you operate a business that trades regularly with other companies overseas, you can setup a mandate with World First to automate the payments owed to them. World First offer an option to make frequent payments using their exchange. Be cautious, there is a slight risk that the rate can fluctuate and move against you, if this does happen, you might need to add funds to your original deposit. It’s reassuring to know exactly how much you will receive when the time comes to make your transfer. In most cases, you will need to pay a deposit for using this service, although the balance will not be due until the end of the contract. This is useful when you see a good rate in the market and want to guarantee it for a future transfer. You have the ability to lock in an exchange rate up to 24 months in advance. World First are also a very competitive IMT provider and offer a ‘best rate guarantee’ to ensure you get the cheapest rate in the market. A spot contract comes in very handy if you need to transfer a deposit in quick time. ![]() World First can offer you a rate based on the live exchange rate that day. There are multiple ways you can transfer money overseas with World First. World First is an International Money Transfer (IMT), business that provide a platform to allow people and business transfer money in a fast and secure way.
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