North American companies see US$21bn in FX losses in latest quarter, research finds
by Ben Poole
A Kyriba report shows FX losses cost companies more than US$44bn in 2019.
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FX Settlement
Background
A corporate FX transaction involves a bank, on behalf of their corporate client, paying for the currency it sold at an agreed rate to another bank and receiving a different currency in return for the funds being cleared and settled in the local clearings. For a corporate treasury department, carrying… Read more about FX Settlement
FX-hedge portfolio optimization using TIP
by Jack Large
TIPCO claim new levels of FX hedge efficiency whilst cutting FX dealing costs
FX API aggregators gain, while ECNs work to prove themselves
by Ben Poole
A Greenwich Associates report shows that multidealer platforms and telephone trades remain the most popular ways of executing FX trades
Kantox to provide Citi with FX payments connectivity for US corporates
by Ben Poole
Kantox will connect directly with Citi's foreign currency payments platform as part of the arrangement.
SWIFT RMB Tracker finds London’s key role in FX business
by Ben Poole
London leads the world's RMB FX business, while more banks globally are using the currency for payments.
Bank of America Merrill Lynch offers FI clients guaranteed FX rates for up to 180 Days
by Ben Poole
Banks can now offer their customers more rate certainty on cross-currency payments.
BNP Paribas announces strategic partnership with Kantox
by Ben Poole
The partnership aims to help treasurers automate and streamline FX workflows.
AFEX and FXD Capital partner to offer end-to-end FX and cash management solution
by Ben Poole
The holistic offering is designed to support corporate treasurers in a time of low interest rates and volatile markets.
J.P. Morgan bringing electronic FX trading and pricing engine to Singapore
by Ben Poole
The partnership with the country's central bank is designed to consolidate its status as a leading FX centre in Asia.
JCRA releases whitepaper on deal-contingent hedging
by Ben Poole
Paper examines how the instrument is growing in popularity for a variety of hedging activities.
Malaysia moves to liberalise FX administration policies
by Ben Poole
The policy change offers benefits for resident and non-resident treasury centres.
TraditionDATA and Numerix expand foreign exchange data coverage and analytics
by Ben Poole
The move is designed to open up coverage of global FX spot and derivatives markets.
FairFX acquires HermexFX
by Ben Poole
The Equals Group subsidiary is paying £2m for the corporate payments business.
% FX hedged no longer cuts it
by Jack Large
Bloomberg new service shows strategic approach to FX risk management required balancing currency earnings-at-risk v. cash-flow-at-risk
Kantox and Silicon Valley Bank partner on FX hedging technology to UK corporates
by Ben Poole
The micro-hedging solution is designed to automate FX risk management.
CLS launches same-day FX settlement service for banks
by Jack Large
CLSNow to deliver enhanced settlement risk mitigation to FX market participants; J.P. Morgan and Goldman Sachs first users
RMB May 2019: retained 5th position as most active by value
by Jack Large
Grew faster than other currencies; UK still heaviest user
FX market is changing as banks withdraw from ‘small deals’
by Jack Large
MoneyCorp and others are cleaning up; will banks regret this withdrawal?
Argentex find surprising fall in currency hedging at Brexit time
by Carl Jani, Group Co-CEO, Argentex
Brexit Hedging: the power of the forward contract is being missed; paralysis is the strongest form of speculation
Does the ‘money flower’ show the future of money?
by Jack Large
Central bank cryptocurrencies are definely coming, it is just a matter when, how and where, NOT IF
Kyriba purchases FIREapps to create new solution for global FX risk
by Jack Large
Currency fluctuations cost global corporations at least $39B during first half of 2018, highlighting need for single-vendor solutions
Treasurers could benefit from HSBC’s shared ledger FX system
by Bija Knowles
HSBC says its shared ledger FX settlement system could help MNCs with multiple treasury centres and cross-border supply chains
AutoFX converts payment into recipient’s currency before
by Jack Large
Bank of America Merrill Lynch enhances foreign exchange payments using data analytics to help financial institutions conduct cross-bord
New dimensions from real-time corporate treasury
by Jack Large
Deutsche Bank’s vision of “The road to real-time treasury” reveals benefits and issues for the corporate treasury department