Broad financial regulatory reforms and new legislation may fundamentally change how foreign exchange is handled from an operational perspective. While existing FX tools worked well during the market crisis, expanded usage of payment-vs.-payment settlement services, such as CLS is anticipated. Continued efforts to standardize documentation and improve operational efficiency, such as expanding the use of electronic confirmation solutions, will be required. Let FXall help prepare you and your business for new FX risk management and hedge accounting rules that could change treatment of over-the-counter derivatives. FXall’s Settlement Center solution supports CLS and fully automates trading across all stages of the deal life-cycle to help your organization comply with the new market requirements.  

Benefits:

• Eliminates foreign exchange settlement risk
• Improves liquidity management
• Minimizes interest charges and compensation claims
• Settles both legs of an FX transaction simultaneously
  • Irrevocably on a payment versus payment basis
  • Irrespective of geographies or time zones
• Reduces credit facilities required to support FX
• Improves reconciliation speed
• Settles 17 major currencies with 50 reference currencies for non-deliverable forwards and options