To reduce your risks while doing business overseas, City National offers a number of powerful international currency management tools and services.

Spot Contracts

Spot Contracts are used to send or receive foreign payments, usually for settlement in one or two business days. Foreign drafts can be used in lieu of a wire transfer if bank account arrangements are not in place.

Forward Contracts

Forward Contracts are useful for managing cash flow or exposure over time, to cover Import/Export Letters of Credit, documentary collections, and overseas sales proceeds/operating expenses. With a settlement date ranging from three days to one year, forward contracts offer the reliability of a predetermined, fixed rate of exchange.

Forward Option Contracts with "Open" or "Window" Delivery Dates

These contracts have the added advantage of a range of maturity dates, providing more flexibility in timing cash flow.

Forward Swap Contracts

Forward Swap Contracts provide use of a foreign currency without the volatility of spot rate fluctuations and are useful in stabilizing exchange rates between foreign investment and foreign financing transactions. This contract also allows the user to either accelerate or extend the maturity date for the delivery of currency.

International Payment Collection

Cross-border transaction services can ensure that your foreign payments and collections are executed correctly and on time.

Foreign Currency Service

Foreign Currency Service avoids the frustration of searching for an exchange office in a foreign country. Simply contact a City National banking office representative to arrange your order. We buy and sell banknotes from more than 70 countries.

Foreign Wire Transfers and Drafts

Foreign Wire Transfers and Drafts help handle payments and remittances when doing business without foreign bank arrangements in place.

Getting Started

Our capabilities are extensive. We invite you to put them to the test. To learn more about our International Currency Management services, submit an online message form or call (888) 488-9700.