Foreign Exchange Fees

Billion Financial Advisors > Foreign Exchange Fees

Most Clients have multiple banks and may have both FX Receivables and Payables. Considering the dynamic nature of markets, it is difficult to keep a track of FX spreads being charged by banks unless there is an automated application.

Most of the clients do not have dedicated FX resources as the same resources are handling multiple responsibilities. Even if client is willing to hire dedicated FX resources, trained FX resources are difficult to hire.

Foreign Exchange Fees can be significant for companies that have several transactions annually and do not have the time to monitor each and every transaction going through their banks. While some large companies monitor large flows and the interbank rates, the smaller transactions are seldon monitored and can easily go under the radar. There is no transparency in rates that are offered by the banks and sometimes the spreads can be extraordinarily large especially when companies are not tracking every transaction.
  • Billion Financial uses live market knowledge, proven experience and best practices to help our clients navigate volatile markets across Foreign Exchange, Interest Rates and Commodities.
  • We are able to provide deep market insights that help our clients generate hard savings.
  • We combine live and historical market data with Client data using proprietary algorithms to deliver deep insights on managing Foreign Exchange and Commodities.
  • We also help our clients create the appropriate Treasury Policy based on inputs from various stakeholders. The Treasury Policy clearly defines the mechanism of implementation of Treasury Strategy.
  • We are able to provide unbiased advice on Treasury Management covering FX, Interest Rates, Commodities.
  • We offer unparalleled understanding of FX markets, Products & Regulations and can help in implementing the right Risk Management Approach for managing Cross-Border Exposure, Forex Hedging, Legal, Tax, Accounting, Compliance, Bank Negotiations, Documentation & Training.

Billion Financial has developed the ability to calculate the FX Margin charged for a client for a transaction executed (FX spot/fwd) even at a historical date and time. This allows clients to save hard dollars by clearly identifying if the Banks are charging over and above the agreed FX Spread.

We can get all of this done in 8 weeks and help our clients start generating savings in a short amount of time. Our average savings are anywhere between 3-5% of total Fx flows.

Questions we help answer

  • Am I getting the right FX Rates from banks?
  • How can I aggregate FX Exposure across different entities?
  • How do I get an audit trail of FX Activity for multiple entities across multiple currencies and years?
  • When do I convert/hedge?
  • What is the impact of Daily Currency Movement?
  • Setting Budget Rates?