RBS enhances RBS FiX
The Royal Bank of Scotland has announced an enhancement to its RBS FiX FX benchmarking product.
First Published by e-Forex News: July, 2004
The Royal Bank of Scotland has announced an enhancement to its RBS FiX FX benchmarking product. The updated product provides global treasurers with the ability to create direct intra-company funds transfer between subsidiaries in conjunction with their FX dealing, so providing cost efficiency and minimising infrastructure costs.<br><br>Entering fund transfer orders between entities, combined with coordinating FX FiX orders, gives a distinctive perspective of the total amounts transferred, without the need to use different systems to accumulate all the information needed. FiX provides a unique set of spot and forward fixing rates, drawn from independent sources, enriched and validated using complex methodologies like VWAP, produced at set times of the day on a global basis. The rates are produced by RBS product partner EBS, whilst Deloitte & Touche audit the product to SAS70 standards.