Security of client funds

Making sure your funds are safe

When you choose a company to make your foreign exchange transactions, it’s vital that you ensure your funds are safe. There are several ways you can do this.

A company’s website is usually a good source of information, so it’s always worth checking this for key facts and figures. You may also want to review a company’s public accounts and look into their credit rating.

Checking the following points will help you identify whether a company is reputable:

• Is the company authorised by the FSA?
  TTT Moneycorp Limited is authorised by the Financial Services Authority (FSA) for the provision of payment services. Companies who are registered by the FSA, but not authorised, are not obliged to segregate
  client funds.
  
• How long has the company been in operation?
  Moneycorp has been dealing in foreign exchange since 1979.
  
• Are the company’s systems and processes inspected by an independent auditor, such as ISO?
  Moneycorp has maintained ISO 9000 Quality Assurance certification since 1996.
  
• What is the net worth of the company?
  As at 31 August 2009, the net assets of TTT Moneycorp Ltd was £18.9m.
  
• What is the company’s Dun & Bradstreet Rating?
  Moneycorp has a Dun & Bradstreet rating of 4A1*.
  
• What is the company’s Dun & Bradstreet Maximum Credit?
  The Dun & Bradstreet Maximum Credit Rating for Moneycorp is £23,333,500*.

These are factors which you should take into account when looking to make any foreign exchange transaction – no matter how big, or how small.

For more information on how to protect your funds, or if you have any other enquiries, please email us at enquiries@moneycorp.com, or phone +44 (0)20 7589 3000.

* As at 8 October 2010. Rating may change over time.