Diamond North Credit Union is launching a Foreign Exchange (FX) service to our members through Concentra Financial. This premium online foreign exchange trading platform is a user-friendly, convenient system available 24 hours per day, over 5 days a week and from any location. The markets close at 5 pm EST and do not reopen until Sunday, so no bookings can be done while the markets are closed.

Benefits

Diamond North Credit Union Foreign Exchange Services is a value-added service to members, which offers:

• Built for high volume trading (ideal for members conducting large transactions)
• Spot, Forward, Swap and Order transactions available
• USD/CAD currency trading available
• Trade anytime the foreign exchange markets are open 24 hours a day, 5.5 days a week

Features

• Live rate quotes
• Competitive pricing
• Access to the trading platform 24 hours per day – 5.5 days a week
• Available from any computer with an internet connection.
• Same day settlement (provided that the transaction is booked during CU hours otherwise, the transaction will settle the next business day – i.e the funds transfer is not automatic – someone at CU will need to actually book the associated entries)
• Forward contracts up to one year in length
• 30 day early settlement window on forward contracts
• Toll-free telephone support

Frequently Asked Questions

For a detailed questions and answers, please click here for more information.