FXpress enhances offerings with FIRSTâ„¢ Allocate

First Published: e-Forex Magazine 23 / News / April, 2006

FXpress Treasury Solutions has recently released FIRST™ Allocate, an automated hedge request and trade allocation tool. This advanced Web-based technology has created a workflow where remote subsidiaries can request hedges from a centralized trading center. Those requests are consolidated and hedged with a single derivative and the system automatically creates all of the inter-company transactions and properly accounts for each legal entity involved.“Prior to FIRST™ Allocate, corporate treasurers had to either book a series of derivative transactions, or create complicated spreadsheets to effectively track P&L and accounting results of consolidated foreign currency forecasts,” said James Gilbert, FXpress Corporation’s Director of Business Development....continued

Exclusive Content

The full article is only available to current subscribers. Click here to sign in or subscribe by clicking here