Online Foreign Exchange through PINACLE^® FX

• Initiate, approve by potentially eliminating 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.
• Potentially 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.

• 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.

Multinational corporations face many challenges in managing growth across multiple continents, currencies and accounting systems. Treasury managers can facilitate crossborder settlements among affiliates, which can potentially increase productivity and generate cost savings with a multilateral netting solution.

PINACLE FX Netting allows you to net your worldwide intercompany payments and improve 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 can reduce transaction costs and can lower overall foreign exchange volumes. Plus, managing global activity centrally provides greater visibility and control.

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

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.

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.