Lucrative Exchange

Time 2021-01-03 05:02:58

Web Name: Lucrative Exchange

WebSite: http://www.lucrative.co.za

ID:154890

Keywords:

Lucrative,Exchange,

Description:

Authorised financial services provider & treasury outsourcerto importers, exporters, South African & non-South African residents. About Lucrative Exchange Lucrative Exchange (LE) is an authorised financial services provider and treasury outsourcer to importers, exporters, South African and Non-South African residents. The LE client, qualifies for personalised customer service, which includes a foreign exchange portfolio of products ranging from reserve bank applications, spot and forward cover, property & performance guarantees, advanced payment guarantees, letters of credit, foreign bills for collection, foreign currency account (CFC) and personal foreign currency account (FCA). The most sought after is our basket of treasury saving products incorporating, overnight call deposits, long term deposits and variable notice deposits. Exchange" is our business so let us make it "Lucrative" for yours.Mission StatementTo be a resourceful financial services provider and treasury outsourcer, by fostering lasting relationships, with the aim To enthuse, To elucidate, To bourgeon.The banking sector has been liberalised due to the lack of service and high banking fees on offer to businesses by their own banks. This has created opportunities for financial services providers to differentiate itself through value driven service, achieved through extended working hours to provide enhanced accessibility, versatility, efficiency and reliability to clients globally, and who have on-going or once off, large financial requirements. Lucrative Exchange is value driven resulting in forging lasting relationships with their clientele. The introduction of Twin Peaks by the Financial Services Board (FSB) and the South African Reserve Bank (SARB) have increased compliance in the financial sector scrutinising all concerned operational strategies. LE consolidates its internal operational procedures, quarterly and includes reviews of its quality customer service strategy. To exchange with us is lucrative. Miscellanies ...Interesting facts pertaining to South Africa ...ZAR depreciation in the 1980's - 220% in the 1990's - 130% in the 2000's - 22% and as of 2010 - 95%Housing price inflation over the past decade .. the 1970's - 125% ..the 1980's - 232% the 1990's - 127% the 2000 - 325% and as of 2010 - 43% Proud to offer travel related foreign exchange services with a renown Bureau de Change.Foreign Currency for TravellersSouth African residents with their travel originating and ending from South Africa, enjoy the privilege of having their foreign exchange delivered to their business premises, at a convenient date and time within business hours. Guidance regarding documentation requirement is provided with each consultation. Travel Products on offer for personal or businessForeign currency (cash) Multi-currency cash passport Swift paymentOmnibus Facility *Omnibus FacilityCompanies, who have employees traveling several times a year on behalf of their company for business purposes, are encouraged to apply for an omnibus facility. The omnibus application form and document requirement is available upon request at info@lucrative.co.za de Laroche F Lucrative Exchange Authorised financial services provider. Financial Sector Conduct Authority (FSCA) The FSCA is the market conduct regulator of financial institutions, that provide financial products and financial services, financial institutions that are licensed in terms of a financial sector law, including banks, insurers, retirement funds and administrators, and market infrastructures. www.fsca.co.za FAIS OMBUD The Fais Act makes provision for the appointment of an Ombud for financial services. The function of the Ombud for Financial Services Providers is: To resolve disputes relating to the rendering of financial services by providers where they have: Either failed to comply with the fais act or Where as a result of either wilful or negligent conduct by the provider the client has suffered or Will potentially suffer prejudice or damage.FINANCIAL INTELLIGENCE CENTRE (FIC) The Financial Intelligence Centre (FIC) is South Africa’s national centre for the gathering, analysis and dissemination of financial intelligence. The FIC was established to identify proceeds of crime, combat money laundering, and the financing of terrorism and, in so doing, has a primary role to protect the integrity of South Africa’s financial system. The Entity was established by the FIC Act 38 of 2001 and reports to the Minister of Finance and to Parliament. www.fic.gov.za SOUTH AFRICAN RESERVE BANK (SARB)The South African Reserve Bank (SARB) and the National Treasury (ministry of finance) together constitute the monetary authority in South Africa.The SARB acts as the central bank for the country and its banking institutions, is co-responsible for formulating South Africa's monetary policy, and is largely responsible for implementing this policy.http://www.resbank.co.za/pages/default.aspxANTI-MONEY LAUNDERING (AML) Money laundering, terrorist financing and other financial crimes are a concern to be raised in the daily business of a Financial Services Provider. Lucrative Exchange Pty Ltd is therefore strongly committed to curbing these illegal activities as extensively and diligently as possible. Social ResponsibilityThe Lucrative Exchange Team is committed to continued self-development through self- study and workshops to retain expertise. Our core belief being - knowledge is power. In the spirit of giving, selected non-profit organizations receive an ongoing monthly donation from Lucrative Exchange. A proud tradition we have instituted since inception. Scholars who have demonstrated commitment and dedication to performance and the arts have received annual sponsorship. Of late Lucrative has initiated an internship programme to post graduate students. Empowering them with hands on experience.Lucrative Exchange (Pty) Ltd - "LE" - has a strict policy for handling customer information.The information you provide to "LE" is confidential and protected to the fullest extent possible and will not intentionally disclose or distribute customer information to third parties without prior written / verbal consent of the client.For additional "Terms And Conditions" please review the following policies:Terms of UseWelcome to the "LE" website (the "Site") established / hosted on behalf of itself, subsidiaries and affiliates. By accessing this Site, you agree to be bound by the terms and conditions below (the "Conditions"). If you do not agree to all of the Conditions, please do not make use of this Site. "LE" may from time to time modify or revise the Conditions by updating this site page. Your use of our Site, following any such change constitutes your agreement to follow and be bound by the Conditions as changed. If any change is unacceptable to you, your only recourse is to terminate your use of the Site.Copyright Notices Copyright contained in the site, including but not limited to all software, design, text and images, are owned, or licensed, except as otherwise expressly stated, by "LE". You may access the Site for your own use of the facilities offered. You may not otherwise copy, transmit, display, perform, distribute (for compensation or otherwise), licence, alter, store or otherwise use the site or any of its components. Linking (whether to the home-page or otherwise and including framing) is permitted only with the prior written consent of Lucrative Exchange (Pty) Ltd.Trademark Notices Other featured words or symbols, used to identify the source of goods and services, are the trademarks of their respective owners. Web Content and Materials The information, materials and services contained in the Site are subject to change from time to time without notice. Not all products and services are available in all geographic areas. Your eligibility for particular products and services is subject to final "LE" determination and acceptance. "LE" may discontinue or make changes in the information, products or services described herein at any time. Any dated information is published as of its date only, and "LE" does not undertake any obligation or responsibility to update or amend any such information. Furthermore, by offering information, products or services via the Site, no solicitation is made by "LE" to any person to use such information, products or services in jurisdictions where the provision of such information, products or services is prohibited by law. Links to Other Sites Links to third party websites are provided solely as pointers to information on topics or services that may be useful to users of "LE" Site. "LE" has no control over the content on such other websites. Links to other sites do not imply any responsibility for the opinions, ideas, products, information or services offered at such sites, or any representation regarding the content at such sites. These links are provided to you as a convenience only. You are responsible for complying with the terms of use of those sites. "LE" makes no warranties, either express or implied, concerning the content of such sites. Exclusion of Liability All content and services on or available through this Site are provided on an "as is" basis and "LE" does not make any representation or give any warranty in respect of the Site or its content. In particular, "LE" does not give any warranty as to the accuracy, suitability, reliability, completeness, performance, fitness, freedom from viruses or timeliness of the content or services contained on this Site. Moreover, but without limiting the exclusion, the information services on the Site are intended for use by individuals or companies seeking to make payments abroad in foreign currencies, and should not be used for speculation. Except in relation to any agreement entered into between you and "LE" relating to services or goods offered through the Site (which will be governed by the terms for those services or goods), "LE" will not be liable for any damages (including without limitation loss of profit or loss of use) arising out of your use or delay or inability to use the Site, its content or any link to another website, or otherwise arising out of the Site arising in contract (including negligence) or otherwise.Changes to the Conditions These Conditions are subject to change from time to time. Changes will be posted on this Site and use following any such posting will be deemed to be acceptance of them. Termination "LE" reserves the right to cease operating the Site at any time without notice.Governing Law The user's access to "LE'" Site in terms of the disclaimer is governed by the laws of the Republic of South Africa. Any dispute, which cannot be resolved between us, shall be resolved in the South African courts. It is our policy to strive to respect the privacy of Individuals / Companies who visit the Site or provide comments to us. Our privacy policy is incorporated herein for reference. No liability attaches to "LE" or its representatives / associates for any failure to adhere to this policy. By accepting these Conditions, you expressly agree to the use of this Site. The purpose of the ("the Act") is to combat money laundering activities by, amongst other things, establishing a Financial Intelligence Centre ("FIC") and imposing certain duties on institutions and other persons who might be used for money laundering purposes. Money laundering is an activity that has the effect of concealing the nature, source, location, disposition or movement of the proceeds of unlawful activities or any interest that anyone has in such proceeds.Lucrative Exchange (Pty) Ltd and its employees are considered to be an institution or persons that can be used for money-laundering purposes and therefore the Act provided for certain duties to be executed by Lucrative Exchange (Pty) Ltd and employees when dealing with clients and transactions.This document deals with the specific duties of all permanent and temporary personnel employed that relate to potential or actual unusual and suspicious transactions involving Lucrative Exchange (Pty) Ltd, as well as the penalties for not executing these duties.

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