A leading independent distributor of branded IT hardware products that buy IT equipment mainly from across Europe.
Foreign exchange requirement: Up to £15,000,000 - USD & EUR buyers
A leading independent distributor of branded IT Hardware products that buy IT equipment mainly from across Europe. Intec Microsystems Ltd use Global Reach Partners to help with budgeting and forecasting to meet their currency needs and to make sure they have an approach in place to protect themselves against the risk of currency fluctuations.
Intec Microsystems Ltd needed protection against GBP weakness, to ensure that the business remains competitive, both domestically and internationally.
Global Reach Partners recommended Market Orders to achieve flexible forwards to protect the business’s budgeted levels.
Savings and benefits
Intec Microsystems Ltd have been protected against GBP weakness throughout 2016. They have been able to take advantage of short term spikes in EUR & USD which has saved them money overall.