Exchange Insurance is a type of insurance that covers the exchange risk, that is, the difference between the price of a currency at the time of its commercial contracting and its cost on the date of collection / payment of the export or import. It allows the elimination of exchange rate risks as uncertainty about the value of the currency disappears from the moment it is confirmed, until the moment when the collection / payment takes place.
The denomination of “exchange insurance” can be a bit confusing since it is not an insurance in the strict sense, but a term purchase and sale of foreign currency, which in our case takes place from the moment of confirming the purchase of the advertising space or either the beginning of the action until the moment in which the provider is paid after the service provided. In this way, nobody really assumes the risk.
In OTS Media we have been managing the best exchange insurance for more than 25 years so that our clients can carry out their international campaigns with total security.