Once your business activities extend to countries outside the eurozone, changes are big that you have to deal with a wide range of international cash flows. You pay your creditors in euros and US dollars, for instance, while a large share of your debtors pay you in pounds sterling, resulting in temporary surpluses on your foreign currency accounts.
As a solution, ING provides it’s business relations ING Trade to manage their foreign currency flows and risks efficiently.
ING Trade is an online application that allows you to swiftly and easily place surplus liquidity in euros or other currencies on deposit, so that it yields an attractive return. After you have approved your transaction, an automatic connection with our accounting systems ensures that your foreign currency accounts are debited or credited on the agreed-upon currency date at the agreed-upon exchange rate