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Forex Dividend and Commission Scheme Launch
Emerging Opportunities within the Financial Markets
London 21MAR08 - CCS Prepay will be launching four
significant forex dividend and commission payout schemes within
the next sixty days to accommodate the international payout
requirements of organizations that payout to their members by
wire transfer. The Foreign Exchange
market, also referred to as the "Forex" market, is the most
traded financial market in the world, with a daily average
turnover of approximately US$3.2 trillion. Foreign Exchange is
the simultaneous buying of one currency and selling of another.
The world's currencies are on a floating exchange rate and are
always traded in pairs, for example Euro/Dollar or Dollar/Yen.
The Forex market is called an 'Interbank' market due to the fact
that historically it has been dominated by banks, including
central banks, commercial banks, and investment banks. However,
the percentage of other market participants is rapidly growing,
and now includes large multinational corporations, global money
managers, registered dealers, international money brokers,
futures and options traders, and individual investors. Today,
over 85% of all daily transactions involve trading of the major
currencies, which include the US Dollar (USD) , Japanese Yen (JPY)
, Euro (EUR) , British Pound (GBP), Swiss Franc (CHF) , Canadian
Dollar (CAD) and the Australian Dollar (AUD).
"We
have long recognized the tremendous opportunities within both
the forex markets and proprietary trading platforms where
members returns and traders commissions need more cost efficient
methods for disbursement of funds"
says Mark McDonald, Director CCS. "With each of the initial
four projects making an average of 2000 - 4000 unique payouts
per month by wire transfer and cheque, our client organizations
operating in these sectors have quickly recognized the use of
prepaid debit card products as a way of saving significant
monthly costs associated with wire transfer fees. Additionally,
the increasing of compliance in these markets as well as greater
understanding with local regulatory authorities has made a
contribution to our willingness to aggressively pursue
opportunities in this sector. "
About Credit Card
Solutions UK Ltd
CCS UK Ltd
(www.ccsprepay.com)
is a consultancy firm which since early 2005 has been consulting in the
area of prepaid debit implementation strategies specifically across the
Europe, Middle East and African (EMEA) region, expanding into Asia
Pacific and Latin America during 2006. By developing relationships with
issuing banks and transaction processors CCS guides its corporate
clientele to the most appropriate product offering based on a detailed
requirements assessment process and guidance by an internal financial
advisory counsel.
Contacts:
CCS Operations
Sharon Hay
admin@ccsprepay.com
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SOHO SQUARE
