Navigate the unique dynamics facing your industry with custom solutions that help you stay competitive, reduce risk, increase efficiency and boost your bottom line.
As a regulated Financial Entity, we are committed to the safety and security of our clients, our business and our staff. Matters of security and compliance are prioritized and treated with the utmost caution.
As a provincially regulated trust corporation governed by the Loan and Trust Corporations Act, Olympia offers our partners a security advantage by providing the comfort of knowing your funds are 100% secure throughout the entire transaction.
Our knowledgeable compliance team and our Foreign Currency Analysts conduct extensive due diligence to minimize potential risk associated with sending and receiving foreign currencies.
OTC is a registered non-deposit taking trust corporation regulated by the Alberta Superintendent of Financial Institutions, an agency of the Alberta Ministry of Treasury Board and Finance that reports to the Alberta Minister of Finance.
Our rigorous compliance requirements protect your business from fraud. Our compliance team carefully reviews each transaction to detect inconsistencies alerting you of possible threats.
Canadian companies that deal with international manufacturers, suppliers or even overseas employees are exposed to currency exchange risk. Many companies do nothing to manage the risk and simply make mandatory payments through their bank. Olympia allows Canadian businesses to mitigate the impact of currency exchange risk on international payments.
In fact, a recent Bank of Canada publication found that publicly listed non-financial firms that use derivatives are typically more profitable and have lower volatility of earnings than those that do not use derivatives. (Bank of Canada - The Use of Financial Derivatives by Canadian Firms)
Leverage foreign currency exchange tools to address to your specific business needs. Make your foreign currency exchange program work harder for you through automation of your transactions and flexible execution options.
Make a quick transaction
Make an immediate transaction at current market rates. This eliminates risk from volatile market swings. Same-day settlement is available on most major currency pairs.
Execute order immediately
Buy or sell currency immediately at the current market price. As long as there is liquidity, market orders are almost always filled.
Lock in your rate
Buy or sell currency at the current forward rate for settlement at a specified future delivery date. Protect profit margins by securing a favorable rate today – all without tying up working capital.
Lock in your rate & have access to funds
Leverage all the benefits of a FX Outright Forward with the added flexibility to access funds at any point in the last 90 calendar days prior to contract expiry.
Target the rate you want
Buy or sell currency at a specific rate that is better than the current market rate. Limit orders are not guaranteed to execute if the rate does not reach the specified target rate before the expiry date.
Manage your downside risk
Buy or sell currency once the price of that currency reaches a specified level called the stop price. Stop orders are not guaranteed to execute if triggered, especially in illiquid and/or exotic currencies.
Protect your profits
A Call Option gives the right to buy currency at the strike price within a specific time period by paying a premium.
Protect your profits
A Put Option gives the right to sell currency at the strike price within a specific time period by paying a premium.
With so many options and solutions to choose from, allow one of our experts to assess your current plan and give you a custom fit solution that will boost efficiency, your bottom line and create opportunities for new revenue potential in global markets.