Periodic review and rationalization of customer specific pricing based on actual volumes and revenue 4. Periodic renegotiation and finalization of revised pricing to counter competition offers 5. Selling Forward Cover as a hedging solution to maximise exchange income for the Bank and minimize exchange risk for the customers G. Guiding the customer on documentation requirements for various RTFX products and related transactions 2. Supporting the customer in curing of deficiencies in documents submitted, which are rejected by Operations 3.

Putting up deviation cases to designated authorities with required justification and obtaining required approvals H. To meet extant score card objectives and work as per the extant Sales processes. To ensure achievement of Cross Sell targets. To ensure momentum in business by having regular interactions with respective Branch Managers and Cluster Heads. Product Knowledge, Innovation and Providing Solutions : 1. To serve as single point of contact for all queries from directly mapped branches and their customers and assist in their satisfactory closure.

Risk Mitigation, Monitoring and Portfolio Quality : 1. Ensuring regulatory compliance of all RTFX related transactions 2. Follow up for submission of evidence of import BOE , regularization of export advances received, submission of shipping bills in respect of exports done, realization of export proceeds, submission of regulatory reportings related to FDI, ODI and ECB transactions 4.

These documents will go through a verification process and once they have been approved, the trader will be able to fund their account with the minimum required deposit, and trading can commence. Traders are, however, not encouraged in opening an account with this broker as there is vital information missing and thus the legitimacy of this broker is greatly questioned despite the fact that it is indeed regulated by a well-known regulatory entity. EDUCATION There are no educational tools or resources indicated for RTFX and it would appear that this broker does not cater for beginner traders when weighing the trading conditions available along with minimum deposits, leverage, and spreads.

Most brokers provide a section on their websites that cater for resources such as market news, blogs, live updates, strategy aids, economic calendars , and more in an effort to further assist traders in making the best trading decisions. There are no awards indicated for this broker. Judging by the available information, this broker charges exuberant fees and the trading conditions are not favourable in addition to not catering for beginner traders.

Trading and non-trading fees are substantially higher when comparing to other brokers. Ensuring that a broker is regulated is merely one factor to consider in a long list of other considerations and even though RTFX is regulated, the lack of information is concerning, and traders are not advised to open an account with this broker unless further research is done.

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