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PNC Total FX

Enhance Your Foreign Exchange Risk Management Process

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Leverage a web-based platform to manage the entire FX hedging lifecycle from exposure identification to post-trade reporting and everything in between.   

Many companies struggle to identify their foreign exchange risk. Do you have these concerns?

  • Lack of comprehensive visibility into your global activities
  • FX hedging program is a time and resource burden
  • Multiple systems and spreadsheets provide a fragmented view of FX risks  
  • Accurately forecasting FX exposures is difficult
  • Consolidating trade reporting from multiple counterparties is cumbersome
  • Available systems do not readily identify trends and anomalies
  • Risk management and accounting processes are manual or inefficient

   

Video: PNC Total FX
Audio Description

What Total FX Delivers

Manage the lifecycle of foreign exchange risk through a single, central application.
 



Collect Data

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.

Aggregate Exposures

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.

Comply with Hedge Policies

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.

Set Up Trades

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.

Facilitate Trade 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.

Calculate Effectiveness
& Streamline Accounting

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[1].

Produce Comprehensive Reports

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. 

Automate Transitions

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.

 

How Total FX Delivers

Modular

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. 

Cloud-based

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.

Web-based

The system utilizes internet access to enable global users to input data locally while providing management a consolidated view of the entire hedging program.

Flexible

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. 

Secure

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.

 

Contact Us

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

Ideas & Insights

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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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Important Legal Disclosures and 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.

Swap Dealer Disclosure

PNC General Disclosure

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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