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Many companies struggle to identify their foreign exchange risk. Do you have these concerns?
Integrates data from multiple sources such as Enterprise Resource Planning (ERP) systems, Treasury Management Systems (TMS) and spreadsheets via a file upload process in order to consolidate FX exposures across regions, increase visibility, and enhance reporting.
Consolidates foreign exchange exposures to provide a global view of currency risks. This enables you to view both forecasted and balance sheet exposures by currency, by date, or by type at either an entity or enterprise level.
Provides a central repository for recording your FX hedging policy and a means for tracking all of your hedges. This enables the comparison to the underlying FX exposure for identification of gaps and provides the calculations necessary to resolve any discrepancies.
Enables the review of all system generated FX transactions in editable queues that facilitate discussion, decision making, and pre-trade adjustment. Once finalized, transactions are submitted for automated straight through processing onto currency trading platforms for deal execution.
Delivers user-approved transactions to currency trading platforms via an automated interface, eliminating manual entry and input errors. FX trades are user-executed and records will be automatically returned for future exposure management calculations, derivative accounting, and financial reporting.
Prepares debit and credit journal entries to assist your derivative accounting process. Facilitates pre-trade designation and post-trade assignment of transactions to hedging strategies. Performs automated hedge effectiveness calculations to assist you in your compliance with ASC 815 / IFRS 9.
Provides detailed reporting on all stages of the exposure lifecycle. This enables performance evaluation of the hedging program against your pre-defined policy objectives, budget rates, and other benchmarks to assist in your future refinement of the hedging program.
Facilitates the transition to the next FX risk management cycle by delivering user notifications to begin a new iteration. Automatically incorporates the relevant exposures and hedges from the previous cycle for use in the new cycle.
The system functions as several distinct modules which can be used independently or in conjunction with each other; this permits the client to select only the modules that are relevant.
The system’s SaaS delivery model is subscription based and centrally hosted. As such, it does not require extensive IT resources or hardware saving time and money during implementation.
The system utilizes internet access to enable global users to input data locally while providing management a consolidated view of the entire hedging program.
The system provides a high degree of customization through the use of configuration settings that enable it to be tailored to the needs of each client.
The system is accessed through single sign on to PINACLE®, PNC’s top-rated corporate online portal and leverages the extensive cyber-security program to protect client data.
To learn more about Total FX, please complete the form below and an FX Specialist will contact you.
PNC provides an update on current conditions including the global economic environment, potential risks and an overview of current FX market forecasts.
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PNC provides an update on current conditions impacting the global economic environment, foreign currency markets and cross-border payments.
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The Tax Cuts and Jobs Act incentivizes U.S. corporates to repatriate foreign earnings. Is your company ready?
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PNC does not provide accounting advice and you should consult your own advisors with respect to any accounting matter.
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 document and the Information it contains is intended for informational purposes only, and should not be construed as legal, accounting, tax, trading or other professional advice. You should consult with your own independent advisors before taking any action based on the Information. Under no circumstances should the Information be considered trading advice or a recommendation or solicitation to buy or sell any products or services or a commitment to enter into any transaction. The Information is gathered from sources PNC Bank believes to be reliable and accurate at the time of publication and are subject to change without notice. PNC Bank makes no representations or warranties regarding the Information’s accuracy, timeliness, or completeness. All performance, returns, prices or rates are for illustrative purposes only. Markets do and will change. Actual results will vary, and may be adversely affected by exchange rates, interest rates, commodity prices or other factors.
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.
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