Currency & Foreign Exchange (FX)
Recent Activity
Wolfgang Koester (CEO, FiREapps)
The financial climate in Greece has not been pretty for some time, and the recent elections have seemed to just increase the ugliness. Here’s how I see Greece’s four alternatives to handle this mess: 1. Exit from the Euro Since the recent election, this has been...
Wolfgang Koester (CEO, FiREapps)
The political and financial climate in Europe is quite tumultuous right now, and days of security and ease do not appear to be on the horizon any time soon. There are some big questions that loom on the horizon for Europe, one of largest being: “What is the real...
Philippe Gelis (CEO, Kantox)
In the UK, SMEs in industries as varied as law firms to electrical appliances stores feel increasingly aggrieved at what is beginning to look like a predatory practice perpetrated by some of the mainstream commercial banks. What these firms all have in common is a...
Neil Brown (CFO & CIO, KatalystFP)
We are looking to expand to the EU (Primarily Ireland right now) and our collection process is reliant on ACH and Depositor trust accounts. We need our clients to be able to change their DDA on electronic payments to these trust accounts and us to be able to ach back to the...
Ken Stumder (Assistant Controller, Stylesight)
Some of our Brazilian customers/suppliers indicate it is especially difficult or prohibitive to send and receive money from abroad. I'd like to facilitate the process of receiving customer remittances and paying our vendors without formally setting up shop there. Does...
Philippe Gelis (CEO, Kantox)
FX risk is considered the 3rd most important risk by corporate treasurers. Corporates’ perception of risk has shifted from 2010 to 2011. In 2010, 30% of corporates chose operational risk as their most pressing threat, while just 27% named FX risks as their most...
Betty Click (Asst Controller, Ward Corp)
Anonymous
This webinar presentation is courtesy of renowned global currency market expert Karl Schamotta, Western Union Business Solutions who offers an assessment of current and emerging global currency markets, what is driving the volatility in key markets, and focus on the...
Anonymous
I would like to share the results of the polling questions from our webinar, "Best Practices for Managing Currency Risk: Managing the Euro Storm and Beyond". The webinar was attended by senior corporate financial professionals from over 400 multinational...
Ken Stumder (Assistant Controller, Stylesight)
I'm looking for some very simple guidance on how to properly record Fx from month to month. (Yes, I've read FAS52.) Scenarios (in all instances the reporting currency is USD at the consolidated level): USD Entity, with GBP and EUR bank accounts....
