As your business strategies stretch beyond borders, turn to PNC.
PNC's dedicated team of senior foreign exchange consultants can help you identify exposures and determine the appropriate risk management tools to effectively hedge global risk so you can maximize the benefits of international market conditions.
At PNC, we can customize a solution based on a thorough understanding of your business and in accordance with your company's hedging policy. Our solutions can help you to manage foreign exchange risk more effectively, secure pricing and costs, and potentially increase profits and reduce expenses.
|Read more about Primary Foreign Exchange Hedging Tools - Download the Product Sheet.|
A Forward Contract is a firm obligation to buy from or sell to PNC a fixed amount of foreign currency on a specific future date at a predetermined exchange rate. The contract locks in a rate for future cash flows. Timing differences can be managed with date-window contracts and forward swaps.
|Read more about a Forward Contract - Download the Product Sheet.|
Foreign Currency Options
Foreign Currency Options are financial instruments that provide the buyer with the ability to benefit to varying degrees from favorable market moves while protecting against a "worst-case" scenario.
Standard Options Foreign Currency Calls and Puts provide the buyer the right but not the obligation to buy from or sell to PNC Bank a fixed amount of foreign currency on a specific future date at a predetermined fixed exchange rate (strike price). The contracts provide protection against adverse currency rate fluctuations while allowing for unlimited upside potential should currency rates move favorably. A one-time upfront cash payment or premium is required.
Range Forward Contract Foreign Currency Collars provide protection from adverse currency rate fluctuations while allowing for limited upside potential, at a reduced premium or at zero cost. The worst case and best case rates are known at the outset with the exact rate of exchange determined at the maturity of the contract.
Read more about Range Forward Contracts - Download the Product Sheet.
Participating Forward Contracts provide protection against adverse currency rate fluctuations while allowing you to take advantage of favorable currency movement on a portion of the total contract. The exact rate of exchange is known at the outset for a set percentage of the hedged amount, as with a forward contract, but there is unlimited upside potential on the remainder. The worst case rate is known up front but the "all-in" rate is not known until the expiration of the contract.
Read more about Participating Forward Contracts - Download the Product Sheet.
Forward Extras provides protection against adverse currency rate fluctuations while allowing you to take advantage of favorable currency movement up to a negotiated "trigger" rate. As long as spot rates never reach the "trigger" rate, you receive the full benefit of favorable exchange rate fluctuations. The installation of the "trigger" rate into the option reduces or can eliminate the premium of the option purchased. Should the spot rate touch the "trigger" rate anytime during the course of the contract the fixed exchange rate immediately reverts back to the original strike price. The exchange rate would then be locked in, like a forward contract, for the duration of the contract.
PINACLE FX Web-based Foreign Exchange
PINACLE FX allows you to initiate and pay for foreign exchange transactions via the Internet, enabling you to streamline international operations and get more control over cash flow. You can access real-time exchange rates, purchase or sell foreign currency on a spot or forward basis and initiate wires and drafts payments, all from your PC. Launch the demo and take a tour of PINACLE FX functionality.
|Read more about the PINACLE FX - Download the Product Sheet.|
Global Funds Transfer
PNC is a recognized leader in providing advanced electronic Global Funds Transfer (GFT) services. You can initiate funds movement and receive payments through the Automated Clearing House (ACH) network, Society for Worldwide Interbank Telecommunications (S.W.I.F.T.) network and FedWire. These services can be easily integrated with your existing paper-based collection and disbursement systems.
|Read more about Foreign Currency Transfers and Foreign Check Collections - Download the Product Sheet.|
Multi-currency accounts are demand deposit accounts (DDAs) that hold foreign currency instead of U.S. dollars. These accounts are an effective tool in managing incoming and outgoing foreign currency cash flows.
|Read more about Multicurrency Accounts - Download the Product Sheet.|
Foreign Exchange Netting
PINACLE® FX Netting facilitates the netting of foreign cash flows among subsidiaries and their respective corporate headquarters. This Internet service is a user-friendly application where worldwide intra-company payables are entered and netted against each other to offer maximum global cash flow efficiency.
|Read more about Foreign Exchange Netting - Download the Product Sheet.|
Foreign Currency Loans
If you have a subsidiary or acquisition in another country that is in need of financing or are looking for a potentially cheaper source of funds for your domestic operations, a foreign currency loan might be the appropriate solution. We can provide short and long term loans, in almost any freely convertible currency, with the same flexibility and competitive rates as on our domestic loans.
|Read more about Foreign Currency Loans - Download the Product Sheet.|
Contact a PNC Business Banker, or call us at 800-762-5684 between the hours of 7:00 a.m. to 10:00 p.m., ET, Monday through Friday and 8:00 a.m. to 5:00 p.m., ET, Saturday and Sunday, to discover how this service could work for your business.