Foreign Exchange
PNC offers a full range of FX services
Online Foreign Exchange through PINACLE® FX
Streamline Foreign Exchange Transactions and Cash Flows
Foreign Exchange
Reference Materials
PINACLE FX Netting Product Sheet
Efficiently Initiate, Approve 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 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
Streamline Foreign Exchange Transactions and Cash Flows
- Initiate, approve and fund foreign exchange transactions easily online.
- Choose your preferred method of settlement, including your PNC demand deposit account, ACH or Fed wire.
- Control access to your information by assigning rights and scope of activity privileges to your authorized users.
- Save time and reduce errors by eliminating manual entry of payments by leveraging PNC’s file upload capability. A customized file upload also allows for straight-through processing to PNC’s back-end system.
PINACLE® FX Features
- Access live exchange rates for competitive pricing.
- Buy and sell foreign currency on a cash, spot or forward basis.
- Create and edit payment templates.
- Transfer foreign currency to or from multicurrency accounts held at PNC.
- Easily view trade-specific details, and choose to print from 14 different report formats.
- Issue and print drafts at your location.
- Customize and export your reports.
PINACLE FX Netting
Reduce Currency Exposure and Efficiently Manage Global Cash Flows
Multinational corporations face many challenges in managing growth across multiple continents, currencies and accounting systems. Treasury managers can facilitate crossborder settlements among affiliates, increase productivity and generate cost savings with a multilateral netting solution.
PINACLE FX Netting allows you to net your worldwide intercompany payments and optimize the overall efficiency of your global cash flow. The service currently supports 50 currencies. Each participating entity will make or receive a single payment once per netting cycle in their local currency. This reduces transaction costs and minimizes overall foreign exchange volumes. Plus, managing global activity centrally provides greater visibility and control.
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.
- Reduces 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
Securely Send Funds for Same Day Settlement
You need a safe and efficient method for initiating funds transfers for same-day settlement and timely delivery of transaction-related information so you can meet important payment commitments. The PINACLE Funds Transfer module offers your authorized users a quick and reliable method for moving funds that need to settle the same day.
PINACLE’s Funds Transfer module provides secure access to your accounts so you can easily transfer funds for same-day settlement. You can also administer security privileges for your authorized users to reflect your company’s risk management protocols
Time Saving Tools for Funds Transfer Activity
Control and customize access to funds transfer initiation
- Designate authorized representatives to initiate, approve, modify and delete payments online.
- Initiate domestic payments, book transfers, drawdowns in U.S. dollars and international payments in U.S. dollars and foreign currency.
- Originate payments as single or repetitive transactions, or use the payment file import functionality to import a file of payment instructions.
- Replicate online security to mirror your risk management procedures.
Leverage easy-to-use wire transfer templates
- Eliminate the guesswork involved with completing “generic” payment screens for wire transfers.
- Leverage user-friendly screens that are designed for specific wire types. They include required fields marked in red, as well as optional fields that can be used to send additional payment-related information to the beneficiary.
Funds Transfer Features
Transaction reports
These reports provide access to transaction activity generated within the Funds Transfer module. Reports are formatted to provide detail and summary information. Additional reports include:
- Customized views of activity
- Repetitive templates
- Audit reports
- Items pending approval
Payment-editing capabilities
- Allow your authorized representatives to approve, modify or delete payments prior to releasing items to PNC for further processing. Items not approved on the day the item was initiated will be held over for action the next business day.
Easy, online administration of repetitive templates
- Create and manage repetitive payment instructions for real-time setup and maintenance of frequently transferred payments — no need to exchange documentation with PNC.
Universal online access
- Use dynamic token authentication to validate payment requests so your authorized representatives can initiate payments securely online.
- Exercise your organization’s business continuity procedures should any of your PCs become inoperable or inaccessible.
- Facilitate universal accessibility even in the most challenging of circumstances.
- Access and approve funds transfers from your mobile device with the PINACLE Mobile App.
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
Dallas: 1-855-852-4700
Denver: 1-844-763-0006
Detroit: 1-800-362-1066
Houston: 1-713-345-1580
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 & 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.
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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