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WALL STREET EXCHANGE CENTRE

Premier exchange company

THE Wall StreetExchange CentreL.L.C. is one of thelargest exchangecompanies in theD.A.E. operating

since 1982. Headquartered inthe commercial heartland atNaif Road, Deira - Dubai, thepath of progress of this com-pany has been phenomenalwith a total of seven branchesopened in U.A.E. and yet oth-ers being planned around theworld.

Wall Street Exchange Centeris considered as the marketleaders in money changing andbank note activities ever sinceits inception in 1982. Whatmerits even greater attention isthat it is involved in the buyingand selling of over a hundredtypes of currencies offering thefinest exchange rates. Cur-rently the Wall StreetExchange counters in Dubaiand Sharjah are carrying out

Asghar PatelChairman, Patel Group

over 100,000 money transfersevery montb.

"We are in the process ofexpanding our branch networkwithin the UAE and will beopening another three outletsat shopping malls and businesscentres in Sharjah, Al Ain andFujairah within a year,"Mohammad Ashraf, SeniorVice president of the com any

A canopy provided by Wall Street Exchange Centreadds colour to Dubai's Abra water taxi

Wall Street Exchange Centre alsodeals with Currency imports andexports from various countrieswithin the Middle East, Europe,

Asia and Africa. The surpluscurrencies after sorting and

counting are then re-exported tovarious countries like the UK,

Switzerland, Hong Kong, SaudiArabia, Bahrain, Kuwait, Qatar etc.

said.There are also plans for

expanding services abroad withbranches in Iraq, Yemen, Jor-dan, Holland, Belgium andSpain. "Ultimately we will behaving a branch of Wall StreetExchange in every country ofthe world from Wellington inNew Zealand to New York in

USA," Ashraf stated.Innovative services meeting

critical customer needs has beenat the basis of the Wall Streetnetwork founded by Asgar Patelof the House of Pate Is, India'sgiant road transportation and air .freight company that holds 80per cent market share of the cou-rier business. With Asgar Patelat its helm, the company for-tunes have sky rocketed. It nowemploys more than 400 peopleand state of the art technology.

Bringing innovation in moneytransfers to work for the custom-ers is the basis for the rapidlyrising numbers of satisfied cli-

ents. Instant Cash is the elec-tronic money transfer facilitythat Wall Street offers in 20countries.

Payments made at any of thecompany's branches are elec-tronically transferred to the part-ner location acro s the globewhere the payment is made incash. The transfer is effected in

precisely three minutes. Thetotally legal transaction has amaximum cap of USD7500. Thesender is given a code numberwhich when presented at theother end along with the per-sonal identity of the recipienttranslates into instant cash.

A variation of this scheme i'instant draft' that is printed outand mailed to either the recipientor hi bank account by the WallStreet offices in the country ofthe recipient. The scheme cutsout the delays in mailing to thermrumurn.

Wall Street Exchange Centre• SEE NEXT PAGE

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Wall Street Exchange Centre - Naif branch

Premier exchange company• FROM PREVIOUS PAGEhas a huge presence in the for-eign currency wholesale marketand is considered as theExchange Company for otherexchange companies and finan-cial institutions like banks andbusiness houses within the UAE.The Company also boasts of aseparate Wholesale Bank oteDepartment working almostaround the clock, manned byexperienced cashiers.

In additions, Wall StreetExchange Center also deals withCurrency imports and exportsfrom various countries within

ew York, Bank of Baroda,Bank of Alexandria, HousingBank for Trade & Finance andBanque Commercia Ie deMorocco.

Asian Sub Continent and FarEast has a wider coverage withbanking arrangements withICICI Bank, Union Bank of

India, Federal Bank, CatholicSyrian Bank, Vijaya Bank, Bankof Punjab and Central Bank ofIndia in India, Sonali Bank,Rupali Bank, Pubali Bank andUttara Bank in Bangladesh,Bank of Ceylon, Hatton

ational Bank, Peoples Bank,Seylan Bank, Sampath Bank and

Commercial Bank of Ceylon inSri Lanka, Muslim CommercialBank, Union Bank Limited, andAllied Bank in Pakistan,Philippine National Bank,Equitable PCl Bank, AsiaUnited Bank, RCBC, Bank ofPhilippine Island and I Remit inPhilippines.

the Middle East, Europe, Asiaand Africa. The surplus curren-cies after sorting and countingare then re-exported to variouscountries like the UK, Switzer-land, Hong Kong, Saudi Arabia,Bahrain, Kuwait, Qatar etc.

com lernent its Bank ote

To complement its Bank NoteDepartment, the Company has afull-fledged Dealing Departmentlinked on-line to major primebanks globally via Reuters Deal-ing Systems. This ensures thatnot a single price fluctuation ismissed in a vibrant and competi-tive market place.

Wall Street Exchange Centreis the numero uno in the Travel-ers Cheques product category. Intbe UAE, Wall Street ExchangeCentre buys and sells TCs in awide spectrum of currencies atthe best possible rates whichmakes it highly popular with thetourists and local traders.

With correspondent bankingrelationship with the best banksin all major countries, WallStreet Exchange Centre is in theprime position to remit in allmajor currencies. Correspondentbanks include Deutsche Bank,Harris Trust & Savings bank,Bank of Montreai, Common-wealth Bank of Australia, UBL