Case Studies

Windfall Films

Windfall Films is an independent production company which makes documentary films, primarily for television. The company has established an international reputation as a producer of innovative television programmes and has won many major awards for its productions, including two Emmys, a Banff ‘Rocky', Royal Television Society awards and a Glaxo award. It is one of the leading producers of science & technology programmes in the UK. It also specialises in observational, historical and social documentaries.

Task

Windfall Films sought the services of Halo Financial to better manage their currency exposure. The company was using its bank to convert its US Dollar receipts into Pounds Sterling but were not provided with competitive exchange rates nor any proactive assistance from the bank’s Dealers. Halo Financial were tasked with improving on the banks exchange rate and to assist in the timing of when the company should repatriate the company’s US Dollar receivables.

Solution

To streamline communication flows Windfall Films were immediately allocated a personal, dedicated FX Dealer to manage their account. This small measure soon enabled both parties to build a trusting relationship and enabled Halo Financial to identify the company’s objectives and offer constructive strategic recommendations.

Halo Financial were soon able to offer improved exchange rates and provided immediate financial savings by suggesting the use of Automated Currency Orders to target better exchange rates. This also enabled the company to trade currency on a 24-hour basis rather than through limited bank opening hours of 09.00-16.30. Windfall Films also benefited from real-time updates from their relationship FX Dealer as well as Halo Financials’ regular FX analysis and research documents which enabled them to keep abreast of developing market trends.

Testimonial

“The personal relationship we have with Halo Financial has significantly improved the way we conduct our currency transactions. They consistently provide very competitive exchange rates and their currency forecasts greatly assist us in deciding when we should sell our US Dollars at the best exchange rate. Halo Financial have helped us become more time and cost efficient and are a valued service provider to our business.”

Kristina Obradovic, Head of Production, Windfall Films Ltd

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