NAMM Offers Foreign Currency and International Payment Programs to Its Domestic and International Members

CARLSBAD, Calif., July 27, 2010— NAMM, the 109-year-old trade association of the international music products industry, today announced a new benefit for its Members that will help them more efficiently and cost effectively manage their foreign currency purchases and international payments.

NAMM Members in the United States will receive services and benefits from Tempus, which include:

• Foreign currency and international payment services for corporate Members of NAMM
• Monthly currency outlook reports in euro, British pounds and Japanese yen delivered via e-mail or available at www.tempusconsulting.com
• Standard Electronic Funds Transfer (EFT) fee of $20 is discounted to just $10 for NAMM Members
• NAMM Members are not locked into a set contract for any period of time with Tempus
  

International NAMM Members will receive services and benefits from SGM-FX, which include:

• Very low or no transfer fees, fast transfers, proactive account manager to alert Members of positive movements in the market, FX risk management services
• Savings on currency purchase due to highly competitive foreign exchange rates and services, no matter how much or how often Members trade
• A personal NAMM account manager with music industry knowledge who will provide a proactive personal service that guides Members through the purchase process enhancing their saving possibilities
• No commission
• The ability to access the 24-hour FX market with various tools that will help Members take advantage of any sudden movements in the market, no matter what time of the day or night
• Online trading platform that eliminates the issues of working in different time zones 

“In this era of competitive business practices, NAMM continues to explore programs and services to help Members lower their overhead,” said Melanie Ripley, associate director of membership at NAMM. "And since foreign exchange rates are in constant flux, we did a lot of research and chose to negotiate group discount programs with both SGM-FX and Tempus. SGM-FX is dominant in the international marketplace and has an established relationship together with the Music Industry Association – U.K. (MIA), and Tempus is a domestic company that will continually monitor the market for the best rates on behalf of our U.S.-Member companies that participate in the endorsed program. Both SGM-FX and Tempus will assist you seamlessly to integrate a foreign exchange product and best mange your risks so that your company profits aren’t eroded by fluctuations in exchange.”

Members are encouraged to review rates and information at www.namm.org/membership/member-services.

About Tempus
Tempus is focused on providing corporate clients with the best foreign exchange and international payment solutions in the industry. Over the past decade Tempus has guided clients from a broad spectrum of industry sectors through the intricacies of the currency markets. Our unique market insight is widely recognized in main-line business media such as The Wall Street Journal, Financial Times, Reuters, Bloomberg, International Herald Tribune, BBC News and CNBC to name just a few. In fact, Tempus is quoted more often than all other international payment companies combined.

About SGM-FX
As a specialist foreign exchange provider, SGM-FX prides itself on providing individual pro-active service, first-class pricing and best practice timely execution and settlement with no commissions or hidden charges.

About NAMM
NAMM is the not-for-profit association that unifies, leads and strengthens the $17 billion international musical instruments and products industry. NAMM’s activities and programs are designed to promote music making to people of all ages. NAMM is comprised of approximately 9,000 Member companies. For more information about NAMM or the proven benefits of making music, interested parties can visit www.namm.org or call 800-767-NAMM (6266).

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