PNC offers a full range of FX services
Global business transactions often require you to make and receive payments in currency other than U.S. dollars. Importers are frequently invoiced in foreign currency and need the ability to pay foreign vendors in local currency, and exporters can gain a competitive advantage by billing in local currency. PNC’s dedicated team of senior foreign exchange consultants can help you determine the most efficient method for managing your international payments and receipts.
PINACLE® FX offers a secure, online foreign exchange management tool with access to real-time rates for making spot payments and forward hedges. It can reduce the time, effort and cost of initiating and paying for foreign exchange transactions. The system also allows for transferring foreign currency to or from multicurrency accounts held at PNC.
PINACLE’s Funds Transfer module allows you to initiate both domestic and international wire transfers — in U.S. dollars and foreign currency.
Washington, D.C.: 1-877-856-6957
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.
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.
Bank deposit, treasury management and lending products and services are provided by PNC Bank, Member FDIC.
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