A recently published report highlights the importance of quantifying currency exposure and minimising foreign exchange (FX) risk for corporate treasurers.
The more complicated functions within risk management - namely hedging FX - have traditionally required deep relationships with bankers. But this is no longer the case, says one fintech bringing hedging to SMEs.
While recent downward pressure on the Hong Kong currency might show the increasing influence of China, the Hong Kong dollar peg is simply too useful to change.
Standard Chartered and the International Finance Corporation (IFC) have traded the first offshore USD/CNH cross currency basis swap (CCS) referencing Loan Prime Rate (LPR) and LIBOR.
Currency management automation software firm Kantox has collaborated with 360T, Deutsche Börse Group’s FX unit, to provide straight-through-processing integration for Kantox’s corporate clients.
With a new digital banking tool aimed squarely at the region’s SMEs, he spoke to CT about trends in transaction banking, small businesses and what the future holds for corporate treasurers.