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Online Foreign Exchange through PINACLE® FX

Streamline Foreign Exchange Transactions and Cash Flows


Foreign Exchange

PNC offers a full range of FX services

Reference Materials

PINACLE FX Netting Product Sheet

Initiate, Decision and Pay for Foreign Exchange Transactions Online

PINACLE® FX offers you a secure, online foreign exchange payment mechanism with access to real-time rates for making spot and forward currency payments via wire or draft. You can potentially reduce the time, effort and cost of initiating and paying for foreign exchange transactions and you can transfer foreign currency to or from your multicurrency accounts held at PNC.

Online Foreign Exchange through PINACLE FX

Overview of Intercompany Netting

  • Helps to organize and streamline the settlement of intercompany payments.
  • Provides set payment and settlement schedule that is easy to follow.
  • Can potentially reduce FX transaction costs by centralizing and consolidating cross-border payments and making fewer payments.
  • Increases visibility of intercompany settlements.
  • Improves communication of business units; provides ability to discuss and resolve disputes.

PINACLE FX Netting Features

  • Flexibility to define your own cycle schedule. Frequency and duration of each netting period is completely customizable
  • Ability to run the netting program as A/P driven, A/R driven or both A/P and A/R matched.
  • Integrated discussion and dispute module with automatic email notification.
  • Final netting statements viewable online or by direct email.
  • Optional currency netting calculations: full, currency,gross and home currency.
  • Interface capabilities for import and export to ERP systems such as SAP, Oracle and PeopleSoft.
  • Role-based system access for each user with dual authorization available for approvals.
PINACLE Funds Transfer
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
Los Angeles: 1-833-540-1286
Milwaukee: 1-844-290-1442
Philadelphia: 1-888-627-8703
Pittsburgh: 1-800-723-9106
San Francisco: 1-888-891-5265
Washington, D.C
.: 1-877-856-6957

Important Legal Disclosures & Information

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.

PNC does not provide legal, tax or accounting advice unless, with respect to tax advice, PNC Bank has entered into a written tax services agreement. PNC does not provide investment advice to PNC Retirement Solutions and Vested Interest plan sponsors or participants. You should consult your own legal, tax, accounting and financial advisors.

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