Company

CLIENT PROFILE

Community bank with $5 billion in assets and operations across multiple states

Capital markets desk previously managed FX hedging through spreadsheets and other manual processes

CUSTOMER STORIES

FX Platform for a Community Bank

Challenge

  • The bank needed real-time pricing and valuation tools for their FX positions, along with a full suite of monthly and ad-hoc valuation and exposure reporting.

  • The bank didn’t have a systematic way to manage and subledger nostro/vostro account transactions of the bank and its customers.

  • Needed to generate and manage confirmations, valuation statements, along with internal compliance/accounting reports: cashflow and journal entries from system of record.

Solution

  • The bank signed on to DerivativeEDGE to manage their FX program.

  • DerivativeEDGE gives the bank the ability to manage multi-currency and nostro/vostro accounts, and allows for sub-ledgering for customer accounts.

  • The bank gained access to real-time and on-going valuation tools, and automated generation of FX confirms and monthly reporting.