Foreign Exchange
PNC offers a full range of FX services
Foreign Currency Loan Structures
Leverage an Additional Source of Funding
Foreign Exchange
Reference Materials
Foreign Currency Financing Product Sheet
Foreign Currency Loan Structures
When managing your global business, you may need to obtain financing for acquisitions, capital investment or working capital that is denominated in a currency other than U.S. dollars. A foreign currency loan provides a natural hedge on foreign assets and reduces cross-border funding transactions.
PNC can provide U.S. dollar-functional companies and their foreign subsidiaries with short- and long-term foreign currency loans. These loans are made in freely convertible currencies with the same flexibility as a domestic loan, using a competitive foreign currency base rate.
Foreign Currency Loans
- Provide a natural hedge to your company’s foreign assets by creating a matched liability against a foreign asset.
- Allow for a single source of funding, eliminating the need for multiple credit lines with foreign-based banks.
- Offer loan rates that are either fixed or floating to match your desired capital structure.
- Integrate with interest rate caps, collars or swaps to more effectively manage interest rate risk and currency fluctuations.
Alternatives to Foreign Exchange Loans
Foreign exchange swap — Allows you to fund an inter-company loan on a hedged basis using a spot and forward contract.
Cross-currency swap — Allows you to fund a loan in one currency and pay principal and interest in another currency, while still protecting you from currency and interest rate fluctuations.
Contact Us
PNC's Foreign Exchange Sales and Trading Desks
Atlanta: 1-855-852-4700
Boston:1-888-627-8703
Charlotte: 1-855-543-4026
Chicago: 1-866-245-4696
Cleveland: 1-800-622-7400
Denver: 1-844-763-0006
Detroit: 1-800-362-1066
Indianapolis: 1-800-622-7410
Milwaukee: 1-844-290-1442
Philadelphia: 1-888-627-8703
Pittsburgh: 1-800-723-9106
Washington, D.C.: 1-877-856-6957
Important Legal Disclosures and Information
Allocation of Callable Securities Your account may contain “callable” securities, which allow the issuer to repurchase or redeem the securities by a specified date. In the event of a partial redemption or call of securities by the issuer, PNC Capital Markets LLC will allocate among its customers, the securities being selected as called, on a fair and impartial basis through a randomized lottery system. If your account contains callable securities subject to a partial redemption or call, the probability of your securities being selected as called is proportional to the holdings of all customers of such securities held in bulk by PNC Capital Markets LLC. Notwithstanding the foregoing statements, PNC Capital Markets LLC will further ensure equitable allocation of the callable securities by excluding itself as well as its interested persons from the lottery system when the redemption is made on terms that are favorable to PNC Capital Markets LLC; and including itself as well as its interested persons in the lottery system when the redemption is made on terms that are unfavorable to PNC Capital Markets LLC.
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 Information is for general information purposes only and is not intended as legal, tax, accounting, or financial advice, or recommendations to sell currencies or securities or to engage in any specific transactions and does not purport to be comprehensive. Under no circumstances should any Information be used or considered as an offer or solicitation of an offer to participate in any particular transaction or strategy. 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.
Read a summary of privacy rights for California residents which outlines the types of information we collect, and how and why we use that information.
