Industry Specific Currency & Payment Solutions

Creating currency and global payment solutions with your industry and unique challenges in mind.

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Custom Solutions for Every Industry

Navigate the unique dynamics facing your industry with custom solutions that help you stay competitive, reduce risk, increase efficiency and boost your bottom line.

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FX Products
FX Products

Our Analysts can customize sophisticated FX plans, including derivatives and other hedging products, to help manage risk.

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Risk Management
Risk Management

Manage currency risk using our holistic approach and broad resources to bring certainty to your business operations and help you grow.

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Fraud Detection and Security
Fraud Detection & Security

Our compliance team carefully reviews each transaction to detect inconsistencies, allowing us to alert you of possible threats.

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Consultation with Analyst
Consultation

Define your strategic goals, identify a solution, and use a disciplined approach to make certain you achieve your business goals.

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Blockchain Payments
Blockchain Payments

Make quick, secure and efficient transfers using the latest blockchain technology.

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Global Payments
Global Payments

Create a payment strategy or contact your dedicated Analyst to make a quick global payment.

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Currency Services
Currency Services

Access over 100 currencies including a number of exotic currencies.

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Payment & Settlement Methods
Payment & Settlement

Select the most efficient method of receiving and making payments for your business.

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Security & Compliance

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.

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Security Advantage

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.

Compliance

Our knowledgeable compliance team and our Foreign Currency Analysts conduct extensive due diligence to minimize potential risk associated with sending and receiving foreign currencies.

Differentiator

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.

Fraud Detection

Our rigorous compliance requirements protect your business from fraud. Our compliance team carefully reviews each transaction to detect inconsistencies alerting you of possible threats.

Risk Management

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)

Hedging Currency Risk Strategies

Spot Transactions

Spot Transactions

Forward Contracts

Forward Contracts

Market Orders

Market Orders

Our Analysts will take a deep dive into your current strategy to ensure our efforts are as comprehensive as possible. This ensures that our solutions are realistic and formulated with your specific company objectives in mind. Contact one of our experts today for a free, no obligation consultation

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Benefits of Blockchain Technology to Transfer Funds

We are now sending blockchain payments to Europe on a daily basis and looking to expand this service into the United States in the next year.

  • It’s Fast Immediate distribution without a central certifying authority allows for transfers in minutes or hours versus days or weeks.
  • Available 24/7 Forget wire cut off times! Funds can be sent anytime during office hours.
  • Efficient Eliminating third parties or intermediaries speeds up the process, lowers costs while maintaining the necessary levels of security.
  • 100% Secure With the use of complex cryptography, the data cannot be tampered with, resulting in a secure network.
  • Lower Costs By eliminating manual processes, cost for the transaction is free.
  • Reduced Fraud Entries are time-stamped and public which increases transparency and traceability.

 

Contact us to get started with Blockchain payments

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FX Products

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.

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FX Spot Transaction

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.

Market Orders

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.

FX Outright Forward

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.

FX Time Option Forward

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.

Limit Orders

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.

Stop Orders

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.

Call Options

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.

Put Options

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.

Start Strategizing With an Expert

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.

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Protect Your Business

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Free up working capital with the FXG program

For Canadian export companies, foreign currency exposure can have significant impact on their bottom line, yet many companies do not actively manage their foreign currency risk. One of the most cited reasons for this is due to the capital required. To address this restriction and help with the cash flow of growing businesses, Olympia has partnered with Export Development Canada (EDC) to bring the Foreign Exchange Guarantee (FXG) program to our clients.

Contact us to learn more about this program