PINACLE® Foreign Exchange Netting

Net Intercompany Payments Worldwide

Utilize a web-based platform to effectively manage cross-border settlements amongst affiliates, increase productivity, and generate cost savings.

 

Connect with our team

A Technology-Savvy Solution for Streamlining Intercompany Payments

Transition from numerous uncoordinated bilateral payments to an organized multilateral net settlement.

Without Netting

With Netting

 

 

Gain Control of your Intercompany AP/AR Process

Explore the path toward using PNC’s comprehensive and customizable solution for managing your intercompany AP/AR.

PNC can help take your multilateral netting to the next level through:

  • Customized Calculations – Configure the system netting methodology to the settlement requirement of each subsidiary. Choose from Full Netting, Gross Netting, Currency Netting, or Hybrid settlement options.
  • Expanded Use – Enable the incorporation of additional cash flows to optimize the benefits of multi-lateral netting. Include items beyond AP/AR such as risk management hedges, royalties, foreign earnings repatriations, and intercompany loan payments. 
  • Enhanced Communication – Utilize the system's discussion and dispute module to facilitate communication amongst participants for efficient resolution of AP/AR mismatches.
  • Transaction Verification – Eliminate discrepancies by using the system's matching module to automate validation of AP/AR data files prior to settlement.
  • Data Integration – Utilize system architecture to easily upload transaction activity and to download data files for automated reconcilement and reporting.

 

Bring Efficiency and Automation to your Intercompany Settlement Process

Paso 1: Organize

Setting up entities and a netting schedule allows you to create a companywide program. This also helps when acquiring new entities.

Paso 2: Compile Data

Decentralized or centralized data entry/file uploads allow process flexibility within the corporation as well as the ability to utilize shared services groups.

Paso 3: Pagos netos

After all data is entered and reviewed, the system will efficiently net funds between entities. Each entity will pay or receive one net amount in its functional currency.

Paso 4: Reconcile

After the final netting step has been completed, upload data into your ERP system to clear account ledgers and automate reconcilement of each period.

Overall Satisfaction with PNC PINACLE FX Netting Platform

Overall Performance

96% of PINACLE FX Netting clients surveyed are satisfied with the platform.

Already have recommended it to numerous people. We really appreciate the customer service efficiency when adding participants or contacts or making changes. This is our third netting platform and it highly outperforms the other two systems we used.


Facilidad de implementación

91% of PINACLE FX Netting client surveyed find the platform easy to set up and use.

Not just the ease of the product, but also the customer service we receive from the team.


Increased Efficiency

96% of PINACLE FX Netting clients surveyed agreed that the platform increased their firm’s efficiency for processing intercompany transactions.

Efficiency gain, cost savings, PNC platform is easy to use...great product!

 

PINACLE FX Netting Capabilities

  • Enable the netting of cash flows between subsidiaries and/or parent via the platform.
  • Establish the dates and frequency of the netting schedule.
  • Run the netting program as A/P driven, A/R driven or both A/P and A/R matched.
  • Facilitate communication using dispute module and automated email notifications.
  • View all reports and statements online or via multiple file formats.
  • Configure currency netting calculations: full, currency, gross and home currency.
  • Import and export to ERP systems such as SAP, Oracle, or other providers.
  • Implement role-based system access for each user with dual approval authorization.
  • Include vendor payments with your intercompany activity.

PINACLE FX Netting Benefits

  • Reduce the number of international payments.
  • Increase cash availability through float reductions.
  • Minimize FX notional required for conversion.
  • Gain relationship pricing on all FX transactions.
  • Realize potential cost savings on international transactions.
  • Reduce time spent on internal payment process.
  • Efficiency gained though automated reconciliation.
  • Leverage netting center to reduce foreign account requirements.
  • Validate program effectiveness via system reporting.

Contactar

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

Listos para ayudar

En PNC, combinamos una amplia gama de recursos financieros con una comprensión profunda de tu empresa para ayudarte a lograr tus metas.


Learn more about PNC Foreign Exchange »

 
 

Productos y servicios asociados

PINACLE FX Trading Platform

PNC’s enhanced PINACLE FX Platform provides online access to a secure foreign exchange management system with real-time exchange rates for spot payments and forward hedges.

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FX Risk Management

Doing business internationally often utilizes products such as FX swaps, forwards, and options to manage currency rate risk

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PNC Total FX

One Platform to manage the currency exposure life cycle. 

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Divulgaciones legales importantes e Información

Asignación de títulos rescatables Es posible que tu cuenta contenga títulos “rescatables”, los cuales permiten al emisor volver a comprar o canjear los títulos en una fecha específica. En el caso de un canje o de una demanda de títulos por parte del emisor, PNC Capital Markets LLC asignará los títulos que sean seleccionados para compra entre sus clientes de manera justa e imparcial a través de un sistema de lotería aleatoria. Si tu cuenta contiene títulos rescatables que estén sujetos a un canje o compra parcial, la probabilidad de que tus títulos sean seleccionados para compra es proporcional a los valores en cartera de todos los clientes de dichos títulos que PNC Capital Markets LLC mantiene al por mayor. Sin perjuicio de las declaraciones anteriores, PNC Capital Markets LLC además garantizará la asignación equitativa de los títulos rescatables al excluirse a sí misma al igual que a sus personas interesadas del sistema de lotería cuando se realice el canje conforme a términos que resulten favorables para PNC Capital Markets LLC, y se incluirá a sí misma al igual que a sus personas interesadas en el sistema de lotería cuando el canje se realice conforme a términos que no resulten favorables para PNC Capital Markets LLC.

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