GOING GLOBAL
GOING GLOBAL DELIVERING CHAMBERCUSTOMS
The Chamber’s INTERNATIONAL TRADE TEAM can help you navigate your way through all of the regulatory procedures and documents that you’ll need for successful international trading
Milton Keynes Chamber has been appointed an official delivery agent for ChamberCustoms, which delivers a customs declaration service for UK importers and exporters of all sizes, in every region of the United Kingdom. An assurance-led customs brokerage service that will deliver a future proof and HMRC- compliant service. With the United Kingdom having agreed to
adopt the Union Customs Code (UCC), and HMRC set to deliver a new customs declaration service which will implement the rules of the UCC, digitised trade is a key requirement. This pilot is a demonstration of the UK’s ability to lead technology for international trade. Separates the function of ‘moving freight’ and ‘customs declaration’ to single areas of expertise
• We will offer traders efficiency, peace of mind and a trusted partner when trading goods across borders
• Transition to CDS will mean better service by those embracing core principles of good practice dictated by Union Customs Code • Badges at all significant UK ports
• Provide GDM automatically (Goods Departure Message - DIT S8) as official proof of export to remove VAT liability
• Nationally recognized brand • All staff possess accredited recognition of training in customs brokerage
• ChamberCustoms is CDS ready platform, enabling exporters and importers to be prepared
CHAMBER FOREIGN EXCHANGE
For companies trading internationally, fluctuating exchange rates can be difficult to manage and hard to budget for. Market volatility may erode or even eliminate
profits, and in a time of tighter margins and increasing raw material costs it is ever more important to protect yourself from exchange rate risk and make savings wherever possible. Your business can take some
proactive steps towards managing foreign exchange risk:
3. Ensure you are getting the best rates You want to be certain you are accessing the best rates and avoid any hidden payment charges along the way. Chamber Foreign Exchange leverage off the £22bn they trade annually to secure some of the most competitive rates in the market.
‘MARKET
1. Plan for risk Planning is the first step to managing your FX risk, and agreeing on a budgeted exchange rate for the year will guide your transactions. An FX specialist can help to define this rate, enabling you to protect yourself from any potential adverse fluctuations.
VOLATILITY MAY ERODE OR EVEN ELIMINATE PROFITS’
5. Take information from the most reliable sources All Chamber Foreign Exchange Dealers are Members of the Society of Technical Analysts qualified. As experienced market traders they will use their expertise to ensure your company receives the best information on the markets.
4. Fix the exchange rate
With your policy in place it is time to review the FX tools that you can use to manage your
2. Access your payments on the go You need to ensure you can react quickly to changes in the markets. Your free-to-access Chamber Foreign Exchange account will allow you to trade online in multiple currencies 24 hours a day, as well as provide access to your personal dealer.
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exposure. Spot contracts, Forward contracts and market orders can work individually or together to form a tailored foreign exchange strategy. Based on your budgeted rate, requirements and timing, your FX dealer will work with you to form a strategy to best suit your business needs.
Visit:
www.moneycorp.com/chamberfx
The experienced International Trade team at Milton Keynes Chamber understands that navigating trade documentation can be complicated. Please contact the team with any queries regarding trading internationally, or to find out more about customs declarations services, email: chambercustoms@northants-
chamber.co.uk
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