Subject:
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Re: Japanese factoring services on hiatus, latest on UK
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Newsgroups:
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lugnet.market.services
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Date:
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Mon, 24 Apr 2000 04:53:08 GMT
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Viewed:
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1329 times
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In lugnet.market.services, Lindsay Frederick Braun writes:
> Larry,
>
> > Also, I still haven't worked out the best way to get a lump of cash to the • UK,
> > and am still soliciting ideas. (that don't involve me getting stuck with the
> > entire exchange rate loss). Thus the UK suspension is is still in effect.
>
> Let me know what I'd need to do--if you don't find anyone by August, I could
> theoretically serve. I'll definitely need UKP for at least a year and I'll be
> able to take or give USD. For the short term it looks like I will be in the • UK
> for a week or two during May so I will need sterling for that purpose.
>
> Unless I've totally misread your needs here and gotten it all bass-ackwards. • Do
> you need to get rid of sterling or...?
I need to turn USD into sterling as cheaply as possible to make good on
transactions that went by already so that Simon isn't stuck (nor am I) eating
exchange costs for transactions that we SHOULD have put a surcharge on to.
however in the interim, I have moved some money, a big purchase stateside
happened, and there is more pending (Rob's post, just after yours for example)
which should put Simon in the black again.
Once that happens I will impose a 6% exchange rate surcharge which the buyer
and seller will have to decide how to eat and Simon won't be getting burned any
more. nor will I. The lump of money I just moved to the UK, I am eating the
costs on. Thus wiping out whatever I've "made" on the UK the entire time, just
about. That's assuming my time is free.
Ditto for Germany, expect an exchange rate surcharge soon.
Italy is OK for now, Mario is making out on the exchange rate and his sellers
are eating whatever's left. For now. That can change, though.
>
> confusedly but hopefully helpfully,
>
> Lindsay
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