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CurrencyVue partners with AFEX in move to revolutionise payments and FX Hedging   Sydney, October 30, 2017: Currency solutions platform, CurrencyVue, has today announced the launch of its Integrated FX Risk Management Platform, transforming the way businesses manage complex payments and FX hedging contracts.   In partnership with global payments and risk management provider AFEX, the online platform allows businesses to manage international trade, global payments, and foreign exchange...

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Most technology is not new – it has simply just been wrapped up and marketed better than the business before and this is the case with ‘straight-through-processing’ or STP. STP broadly refers to the way businesses strip out manual processes or physical activities and so they can be digitally automated end-to-end. The holy grail for banks, STP is used to automate and remove manual intervention in payments,...

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A recent study conducted by The College of Business Administration analysed businesses over 7 years and found that a whopping 88% of all spreadsheets contain errors and a portion of those errors posed a financial threat to the business. But don’t take our word for it, the chaps over at JP Morgan know better than anyone.  In a well-publicised fiasco, a spreadsheet error was relied upon for their ‘Value at...

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International trade and associated services have been dominated by banks for years. Yet recent changes in this industry have made it ripe for disruptors and innovators aiming to capitalise on the inefficiencies of current systems and practices. We examined some interesting start-ups and early stage businesses innovating in this space:   1.       Fluent   Fluent have developed a cloud based network that enables real time, low cost, simple and secure...

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For most businesses that have an FX Hedging program, the two most common forms of FX risk are transaction risk and translation risk   Transaction risk will arise from a business transaction that generates a foreign exchange cash flow.  For example, an Australian business that buys inventory from a UK supplier will have an exposure to the AUD/GBP cross rate.  In this case the business will likely create...

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Businesses use hedge coverage ratios to measure the amount of hedging cover they have over time periods.  These ratios may be may be explicitly contained within a FX hedging policy or may be calculated and implemented informally. Generally speaking, businesses involved with international trade will hedge on forecasted transactions or committed transactions (invoice or purchase orders) and the longer out the forecast the less they will...

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Strategy and tactics are two distinctly separate things.  Strategy involves planning the company’s next move.  Tactics involves putting that plan in to action.  Strategy is doing the right things – tactics is doing things right. Most blog articles from large banks and FX providers mix up the two.  They describe hedging products such as forward contracts, options etc. as hedging strategies that can be used to...

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Exchange rate volatility is not a new concept to the CFO or CEO of a business involved in international trade but as more and more businesses trade across boundaries and open up new markets, its impact is gaining more and more attention. As part of the usual start of year process of budgeting CFO’s will no doubt be locking in their plans for 2016.  The reality...

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For startups and small business, it has never been easier to take online payments from your customers. Previously businesses had to set up and get approval to set up special bank accounts and merchant facilities. Now companies such as Stripe and Braintree make it really simple to create an account and with a bit of development work from your developer, you can have a payment gateway integrated in to your...

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