Cash & Currency Services

NET Local Setlement

Inefficient currency transfer and large bid/ask spreads serve as two of the greatest challenges facing investors across the emerging and frontier markets

As a result, the industry has been in dire need of a comprehensive solution that can effect net-local settlement on a wholesale basis, provide surety of timely settlement and therefore reduce risk, minimize transactional costs and fee drag, outsource the time and expenses of middle-office operations, and improve the efficiencies. The ACS wholesale foreign exchange desk has resolved all of these issues and in so doing has also improved accessibility to many peripheral markets which in prior cases were too frustrating for a manager to be active in.

At present, ACS is the world's only independent provider of NET Local settlement; and in so doing has achieved a significant competitive advantage in the market, which has historically been dominated by banks.

For more information on our foreign exchange capabilities, please contact us.