Treasury FX: taking e-service provision to the next level

With Ashley Daffin, head of FX e-Commerce at HSBC, Martijn Sorber, Head of Corporate Risk & Treasury Advisory, Benelux at Rabobank International, Martin Spurr, Head of Electronic Markets and Prime Solutions at The Royal Bank of Scotland (RBS) Global Banking & Markets and Susan Quartarolo, Senior Director, Treasury Planning at Sony Global Treasury Services.

First Published: e-Forex Magazine 30 / e-Forex Roundtable / January, 2008

Why is the corporate treasury environment becoming such a competitive space in terms of e-service provision? Daffin: Electronic trading platforms bring many advantages to the corporate treasury environment from tightening controls to increasing efficiencies throughout the treasury network. For example with HSBC’s tools, corporates can improve their internal flows by linking subsidiary systems and requirements into a central treasury network for onward execution including replicating authorisation processes, all of this in a fully audited environment. Whilst corporate treasuries all ultimately conduct similar business, their procedures and processes are often unique. Therefore e-services have to have the tools to replicate this, be flexible whilst enhancing the corporate treasury workflow. Sorber: Historically FX trading was carried out by corporates with their main relationship banks, pricing was less transparent and market liquidity was significantly less that that available today. With the...continued

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