April 30 2010 – £30.1m was sent to
A new service launched at the end of last year by Moneycorp shows that
Moneycorp fixes the Brazilian real rate of exchange so buyers and investors know exactly how many reals will be delivered into their bank account – and when. The service reduces the time between transfer and receipt of funds and guarantees that each transaction will be registered with the Central Bank to facilitate the future repatriation of funds.
Sending money to
Moneycorp’s partnership with Banco Rendimento makes it easy for British buyers and investors to open a local ‘non-resident’ Brazilian bank account from the
Vasilios Dimarakis, Head of Overseas Operations for Moneycorp, says, “The Brazilian Real Service is helping our clients get the best deal possible when looking to invest in
Dimarakis continues, “We are keen to work with agents and developers with an interest in
Moneycorp partners receive referral fees for every transaction that their clients make through Moneycorp. They receive automated notification of clients’ transfers so they know when clients have purchased currency. They are also assigned a dedicated Account Manager to help in dealing with clients’ requests. Moneycorp also organise various networking events throughout the year for their partners.
Paul Clarke, Managing Director of Invest In Brazil and partner of the Tambaba Country Club Resort in
Vasilios Dimarakis will be chairing a panel entitled ‘Practical aspects of transferring financial resources to
For further information please contact:
Kerry Nicholas, Tideway Communications:
kerry[at]tidewaycommunications[dot]com , +44 20 8878 0787
Moneycorp is a trading name of TTT Moneycorp Limited, which has been dealing in foreign exchange since 1979 and last year traded over £11 billion in currencies. The company has maintained ISO 9000 Quality Assurance certification since 1996 – a unique achievement in the foreign exchange industry.
Moneycorp is the
Clients benefit from a personal Account Manager, who they can contact directly and who will provide regular updates on exchange rate movements. They also benefit from extended office hours six days a week and 24-hour exchange rate monitoring. A range of services is available, including spot and forward contracts.
The Royal Bank of Scotland (RBS) Special Opportunities Fund is a significant shareholder in the Group.
About Banco Rendimento
Banco Rendimento is one of the fastest growing banks in
1. Commercial borrowing and lending for mid sized institutions
2. Foreign Exchange products, it is one of the largest suppliers of cash into the market, importing and exporting a wide variety of currencies, such as pounds, dollars and euros amongst others
3. Debit Cards as Visa Travel Money.
It was elected by Conjuntura Econômica (FGV) magazine as the Best Financial Group in the Brazilian middle market segment, based on its 2006 results.
Distributed on behalf of Tideway Communications Ltd by NeonDrum (http://www.neondrum.com)
Tel: +44 7747 017654