Managed-Currency Facilities
In the current uncertain climate clients are looking for increasingly more sophisticated ways to make their money work for them. The volatility in the stock markets and slower growth rates in the property sector, the traditional investment markets are not as attractive as they once were.
We at Enness like to be at the forefront of the industry when it comes to new products and services, and given that asset management is more difficult to predict and potentially low yielding, we have looked for other ways to put our clients in a stronger financial position. As sure as assets can be managed for gains, debt can be similarly managed, with the aim of reducing the amount owed over time.
The FX market is the most liquid of all the markets that are traded globally with somewhere in the region of US$ 3.2 trillion traded daily*. For those that trade this means that there are countless daily opportunities to move between currencies and take advantage of the price movements in order to make gains, that are applied to your capital to have the effect of reducing your overall debt level.
Enness has teamed up with 3D Currency Management as well as host of Private Banks, who are offering exclusive rates for the facility, to enable our clients to take advantage of potential debt reduction. Funds can be secured for as low as 2% over the base rate for a 5 year term and then the facility is managed by 3D who offer a real-time FX trading capability that enables clients to benefit instantly from moves in currencies while reducing potential risks from a drop in the value of Sterling**.
With our Currency Managers aiming for modest, and yet very achievable and realistic, returns of 5% per year (a 1m debt would see a gross reduction of 50k per annum), many of our clients have already reaped the benefit. In addition as it is a debt reduction the money can be applied to the debt or draw as a tax free income, making it very appealing to those with higher incomes looking to minimise their tax bills.
Loans start at £250k and are only recommended for people comfortable with the risks and able to afford any increased mortgage payments, management fees also apply to the management of the facility. For more details and to see whether this product suits your risk appetite please contact us.
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Risk Warnings - Please Read
*2007 figure from the Bank of International Settlements
** Entering into the 3DCM managed multicurrency mortgage programme could result in your Capital Debt increasing by as much as the Stop Loss Amount which you have selected.
Foreign exchange movements can be sudden and substantial and you must be able to tolerate an increase in your Capital Debt to the level of your Stop Loss Amount.
Effectively denominating a debt in foreign currencies by entering into Effective Debt Redenominations may not be suitable for everyone. If you have any doubts as to your suitability for this product or understanding of the risks involved, you should consult a financial adviser.
Past performance is not a reliable indicator of future results.
All figures are shown gross, exclusive of 3DCM fees.
If you decide to leave the 3DCM programme, all outstanding Effective Debt Redenominations entered into will be terminated. This may result in a permanent increase in your Capital Debt which is not fully compensated for by any other benefits derived during the course of 3D's discretionary currency debt management services. In this event, you may become liable for UK interest rates on a larger amount of sterling Capital Debt than the initial Loan.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Due to the fact that there may well be monthly fluctuations the 3DCM programme should always be undertaken on a longer term basis, typically minimum terms of between 3 and 5 years.
In the current uncertain climate clients are looking for increasingly more sophisticated ways to make their money work for them. The volatility in the stock markets and slower growth rates in the property sector, the traditional investment markets are not as attractive as they once were.
We at Enness like to be at the forefront of the industry when it comes to new products and services, and given that asset management is more difficult to predict and potentially low yielding, we have looked for other ways to put our clients in a stronger financial position. As sure as assets can be managed for gains, debt can be similarly managed, with the aim of reducing the amount owed over time.
The FX market is the most liquid of all the markets that are traded globally with somewhere in the region of US$ 3.2 trillion traded daily*. For those that trade this means that there are countless daily opportunities to move between currencies and take advantage of the price movements in order to make gains, that are applied to your capital to have the effect of reducing your overall debt level.
Enness has teamed up with 3D Currency Management as well as host of Private Banks, who are offering exclusive rates for the facility, to enable our clients to take advantage of potential debt reduction. Funds can be secured for as low as 2% over the base rate for a 5 year term and then the facility is managed by 3D who offer a real-time FX trading capability that enables clients to benefit instantly from moves in currencies while reducing potential risks from a drop in the value of Sterling**.
With our Currency Managers aiming for modest, and yet very achievable and realistic, returns of 5% per year (a 1m debt would see a gross reduction of 50k per annum), many of our clients have already reaped the benefit. In addition as it is a debt reduction the money can be applied to the debt or draw as a tax free income, making it very appealing to those with higher incomes looking to minimise their tax bills.
Loans start at £250k and are only recommended for people comfortable with the risks and able to afford any increased mortgage payments, management fees also apply to the management of the facility. For more details and to see whether this product suits your risk appetite please contact us.
____________________________________________________________________________
Risk Warnings - Please Read
*2007 figure from the Bank of International Settlements
** Entering into the 3DCM managed multicurrency mortgage programme could result in your Capital Debt increasing by as much as the Stop Loss Amount which you have selected.
Foreign exchange movements can be sudden and substantial and you must be able to tolerate an increase in your Capital Debt to the level of your Stop Loss Amount.
Effectively denominating a debt in foreign currencies by entering into Effective Debt Redenominations may not be suitable for everyone. If you have any doubts as to your suitability for this product or understanding of the risks involved, you should consult a financial adviser.
Past performance is not a reliable indicator of future results.
All figures are shown gross, exclusive of 3DCM fees.
If you decide to leave the 3DCM programme, all outstanding Effective Debt Redenominations entered into will be terminated. This may result in a permanent increase in your Capital Debt which is not fully compensated for by any other benefits derived during the course of 3D's discretionary currency debt management services. In this event, you may become liable for UK interest rates on a larger amount of sterling Capital Debt than the initial Loan.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Due to the fact that there may well be monthly fluctuations the 3DCM programme should always be undertaken on a longer term basis, typically minimum terms of between 3 and 5 years.