PINACLE® Foreign Exchange Netting

Net Intercompany Payments Worldwide

Utilize a web-based platform to effectively manage cross-border settlements amongst affiliates, increase productivity, and generate cost savings.

 

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A Technology-Savvy Solution for Streamlining Intercompany Payments

Transition from numerous uncoordinated bilateral payments to an organized multilateral net settlement.

Without Netting

With Netting

 

 

Gain Control of your Intercompany AP/AR Process

Explore the path toward using PNC’s comprehensive and customizable solution for managing your intercompany AP/AR.

PNC can help take your multilateral netting to the next level through:

  • Customized Calculations – Configure the system netting methodology to the settlement requirement of each subsidiary. Choose from Full Netting, Gross Netting, Currency Netting, or Hybrid settlement options.
  • Expanded Use – Enable the incorporation of additional cash flows to optimize the benefits of multi-lateral netting. Include items beyond AP/AR such as risk management hedges, royalties, foreign earnings repatriations, and intercompany loan payments. 
  • Enhanced Communication – Utilize the system's discussion and dispute module to facilitate communication amongst participants for efficient resolution of AP/AR mismatches.
  • Transaction Verification – Eliminate discrepancies by using the system's matching module to automate validation of AP/AR data files prior to settlement.
  • Data Integration – Utilize system architecture to easily upload transaction activity and to download data files for automated reconcilement and reporting.

 

Bring Efficiency and Automation to your Intercompany Settlement Process

Step 1: Organize

Setting up entities and a netting schedule allows you to create a companywide program. This also helps when acquiring new entities.

Step 2: Compile Data

Decentralized or centralized data entry/file uploads allow process flexibility within the corporation as well as the ability to utilize shared services groups.

Step 3: Net Payments

After all data is entered and reviewed, the system will efficiently net funds between entities. Each entity will pay or receive one net amount in its functional currency.

Step 4: Reconcile

After the final netting step has been completed, upload data into your ERP system to clear account ledgers and automate reconcilement of each period.

Overall Satisfaction with PNC PINACLE FX Netting Platform

Overall Performance

96% of PINACLE FX Netting clients surveyed are satisfied with the platform.

Already have recommended it to numerous people. We really appreciate the customer service efficiency when adding participants or contacts or making changes. This is our third netting platform and it highly outperforms the other two systems we used.


Ease of Implementation

91% of PINACLE FX Netting client surveyed find the platform easy to set up and use.

Not just the ease of the product, but also the customer service we receive from the team.


Increased Efficiency

96% of PINACLE FX Netting clients surveyed agreed that the platform increased their firm’s efficiency for processing intercompany transactions.

Efficiency gain, cost savings, PNC platform is easy to use...great product!

 

PINACLE FX Netting Capabilities

  • Enable the netting of cash flows between subsidiaries and/or parent via the platform.
  • Establish the dates and frequency of the netting schedule.
  • Run the netting program as A/P driven, A/R driven or both A/P and A/R matched.
  • Facilitate communication using dispute module and automated email notifications.
  • View all reports and statements online or via multiple file formats.
  • Configure currency netting calculations: full, currency, gross and home currency.
  • Import and export to ERP systems such as SAP, Oracle, or other providers.
  • Implement role-based system access for each user with dual approval authorization.
  • Include vendor payments with your intercompany activity.

PINACLE FX Netting Benefits

  • Reduce the number of international payments.
  • Increase cash availability through float reductions.
  • Minimize FX notional required for conversion.
  • Gain relationship pricing on all FX transactions.
  • Realize potential cost savings on international transactions.
  • Reduce time spent on internal payment process.
  • Efficiency gained though automated reconciliation.
  • Leverage netting center to reduce foreign account requirements.
  • Validate program effectiveness via system reporting.

Contact Us

To learn more about PINACLE FX Netting, please complete the form below and an FX Specialist will contact you.

Ready to Help

At PNC, we combine a wide range of financial resources with a deep understanding of your business to help you achieve your goals.


Learn more about PNC Foreign Exchange »

 
 

Associated Products & Services

PINACLE FX Trading Platform

PNC’s enhanced PINACLE FX Platform provides online access to a secure foreign exchange management system with real-time exchange rates for spot payments and forward hedges.

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FX Risk Management

Doing business internationally often utilizes products such as FX swaps, forwards, and options to manage currency rate risk

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PINACLE Total FX

One Platform to manage the currency exposure life cycle. 

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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.

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.