Expanding your business abroad takes both strategic perspective and tactical support. At PNC, we can help you work through challenges. Seize opportunities. Open up new markets. And mitigate market and currency risk. From simply initiating and paying for foreign exchange transactions via the Internet to obtaining foreign currency loans, transferring funds globally and hedging foreign exchange risk, PNC offers the tools and the experience to help you achieve your goals.
Transacting in local currencies can help make your business more competitive and reduce international sourcing costs. PNC’s foreign exchange specialists can help you manage international cash flows and exchange rate risks.
Importers are frequently invoiced in foreign currency and need the ability to pay foreign vendors in local currency. Exporters can gain a competitive advantage by billing in local currency.
PNC’s team of senior consultants can help you determine the most efficient method for managing your international payments and receipts including:
PNC's Multicurrency accounts are deposit accounts that let you hold foreign currencies, instead of U.S. dollars, so it is easier for you to make and receive payments in international currencies. These accounts are held by PNC Bank, National Association, and are FDIC insured, up to current FDIC insurance limits.
The right currency strategy can help you be more competitive. PNC’s multicurrency accounts make it easier for you to make and receive payments in 30 major and most emerging market currencies, including offshore Chinese Renminbi (CNH).You can initiate transactions from your accounts and review reporting through PINACLE. You'll have only one statement and one banking relationship to manage.
Global business transactions often require you to make and receive payments in non-U.S. currencies. PNC’s online global payment services can help you to improve cash flow between your international receivables and payables accounts.
PINACLE® allows you to access real-time exchange rates, purchase or sell foreign currency on a spot or forward basis and initiate wires and drafts payments, all from your computer.
PINACLE FX Netting facilitates the netting of foreign cash flows among subsidiaries and their respective corporate headquarters.
PNC can provide U.S. dollar functional companies and their foreign subsidiaries with short-and long-term foreign currency loans. PNC’s foreign currency loan structures are made in freely convertible currencies with the same flexibility as a domestic loan, using a foreign currency interest rate. PNC’s foreign currency loan structures provide several key benefits:
Foreign exchange hedging tools can help you to manage foreign exchange risk more effectively, secure pricing and costs, and potentially increase profits and reduce expenses.
PNC's dedicated team of senior foreign exchange consultants can help you identify exposures and determine the appropriate risk management tools to effectively hedge global risk, enabling you to benefit from favorable market conditions.
Customized solutions include:
PNC's Foreign Exchange Sales and Trading group offers a consultative approach to currency risk management, starting with a comprehensive review of all international exposures. Contact us at the office nearest you.
The information contained herein (“Information”) was produced by an employee of PNC Bank, National Association’s (“PNC Bank”) foreign exchange and derivative products group. Such Information is not a “research report” nor is it intended to constitute a “research report” (as defined by applicable regulations). The Information is of general market, economic, and political conditions or statistical summaries of financial data and is not an analysis of the price or market for any product or transaction.
This document and the Information it contains is intended for informational purposes only, and should not be construed as legal, accounting, tax, trading or other professional advice. You should consult with your own independent advisors before taking any action based on the Information. Under no circumstances should the Information be considered trading advice or a recommendation or solicitation to buy or sell any products or services or a commitment to enter into any transaction. The Information is gathered from sources PNC Bank believes to be reliable and accurate at the time of publication and are subject to change without notice. PNC Bank makes no representations or warranties regarding the Information’s accuracy, timeliness, or completeness. All performance, returns, prices or rates are for illustrative purposes only. Markets do and will change. Actual results will vary, and may be adversely affected by exchange rates, interest rates, or other factors.
PNC is a registered service mark of The PNC Financial Services Group, Inc. (“PNC”). Foreign exchange and derivative products are obligations of PNC Bank, Member FDIC and a wholly owned subsidiary of PNC. Foreign exchange and derivative products are not bank deposits and are not FDIC insured, nor are they insured or guaranteed by PNC Bank or any of its subsidiaries or affiliates.