Forex netting

FX risks are hedged in one way or the other in many companies. In its most basic form, you hedge every single FX position. But you do not have to stop here!

A Spanish clothing retailer with worldwide fashion stores and production facilities has implemented group-wide liquidity planning and hedges FX exposures one-to-one. How can the clothing retailer evolve its FX exposure management. By reducing the number of derivative transactions and increasing transaction volumes costs are reduced.

Then, he does the same for receipts in GBP, JPN and MXN as well as for receivables in all currencies. Advanced Many-to-one Hedging Further evolving the FX risk management approach, the risk manager sums up receipts and receivables for USD, GPB, JPN and MXN and executes a single hedge for each currency. This way the number of hedges can be further reduced, leading to additional savings.

FX Exposure Netting Finally, the risk manager could apply FX exposure netting and consider cross effects. Looking at functional currency pairs, short and long exposures of its subsidiaries can be netted and hedged together, again decreasing costs. As the graphics shows, the five exposures are not hedged individually, but summed up and hedged 19,5k USD and mn MXN against EUR.

The number of external FX trades is reduced from five to two, decreasing total volume from k EUR auf 43k EUR. By multiplying this with the pips, you get the net cost reduction. If you are planning to move ahead and take three steps to evolve your FX exposure management, you have to review your treasury technology as well.

As you can imagine, hedging FX exposures at higher levels of sophistication cannot be done with spreadsheets anymore. Derivative Sales Services CLIENTS.

In , Alexander started working for ecofinance. He particularly liked that he had the opportunity to work on new international banking projects. The negotiations and client meetings were usually held in the respective countries and Alexander enjoyed travelling. After the merger of Reval and ecofinance in , Alexander was promoted to Team Lead and eventually Director, Product Management. Then in , Alexander became Vice President, Product Development EMEA. He is no longer directly involved in the actual product conception, instead he oversees the Product Development team in Graz.

On the day to day, Alexander values teamwork, but also stresses the importance of individual responsibilities and contributions because he believes that success comes from the combination of all three. As a manager, Alexander places importance on creating a work environment that promotes inventive and fresh ideas. He develops personal relationships with all of his reports to encourage their confidence.

Reynaldo Implementation Consulting Manager, Professional Services Vancouver BC, Canada. At Thomson Reuters, Reynaldo worked with Reval on a shared client. Now, he manages a team of seven.

First, Rey believes that impeccable customer service skills are crucial. Currently, Rey is working on 10 projects. He said the dynamics of the Professional Services team has changed over the past year. Aayushi Manager, Software Engineering Gurgaon, India. She returned to the India office and became a Team Lead. What began as a small team with 2 direct reports rapidly grew into a person team.

In , Aayushi was promoted to Manager, Software Engineering. As a manager, Aayushi said her philosophy is simple- she treats her team as equals. She gives them freedom and avoids micromanaging. Personally, Aayushi is a self-described workaholic. This site uses cookies to improve your experience. By continuing browsing you agree with our use of cookies. Reval works as one global team. At Reval, we respect, trust and support each other. Reval encourages diverse thinking. Our experts are known for looking at problems in new ways and for doing things beyond traditional ways.

Their creative ideas enable Reval to establish and maintain its position as leader in innovation. Reval is committed to high quality.

Foreign exchange netting - Kantox

Paying attention to detail, we build and deliver solutions that exceed internal and external expectations. This way, our global team is able to create and extend customer loyalty. Reval employees have a can-do attitude. They see new opportunities and readily take action, even on the toughest challenges. With their positive spirit, they push themselves to help clients, partners and co-workers achieve outstanding results.

Rodger Weismann has been a leader in the software and services industries for the past forty years serving in a variety of financial and operational leadership roles. Prior to Phase Forward, Weismann was CFO for four northern California-based software companies including Inxight Software, a private text search engine company, Kabira Technologies a private communications software company, NONSTOP Solutions, a private inventory management software company and Forte Software, a public application development tools company, where he led the IPO in Weismann began his career with Peat, Marwick, Mitchell now KPMG in both audit and consulting groups and was licensed as a CPA in Massachusetts.

Weismann is a graduate of Cornell University, where he earned a BS in Economics and Amos Tuck School of Business Administration at Dartmouth College, where he earned a MBA, with a concentration in Management Controls.

Brad Waugh was the President and Chief Executive Officer of Tunstall Americas, a world leading provider of telehealthcare solutions. Prior to that he was President and Chief Executive Officer of NaviNet, a leader in unified patient information management UPIM.

Waugh has over 25 years of experience in building and leading entrepreneurial ventures. Before NaviNet, he was the U. Prior to Wincor-Nixdorf, in Waugh successfully sold his first company, C. In , Waugh founded Watch Hill Partners, Inc. Watch Hill Partners was sold to MasterCard International in May , as part of a new consulting unit, MasterCard Advisors and the Customer Experience Group. Waugh was awarded the Technology Award for Entrepreneurship from the Entrepreneurship Forum of New England.

Prior to joining CCA in , Mr. Rana was a Managing Director of Old Lane, where he led negotiated investments in financial services businesses. Rana joined Old Lane from Lazard Alternative Investments, where he was a Managing Director of the firm and a Principal of Lazard Technology Partners. Rana was responsible for equity and debt investments in financial- and related business, as well as information services investments.

Rana started at Lazard in , initially in its financial institutions investment banking group and,from on, he worked at Lazard Alternative Investments. Prior to Lazard, Mr. Rana was a member of A.

What is Netting? definition and meaning

Rana received a BA from Columbia University. Justin Perreault is a General Partner of Commonwealth Capital Ventures. Perreault has more than 15 years of venture capital and operating experience in information technology industries. He has particular interest in and experience with enterprise application, infrastructure software, and Software-as-a-Service SaaS business models. Prior to joining Commonwealth, Perreault was COO and later CEO of Object Design, a publicly held software company.

There he was part of the senior team that helped to grow the company to become the leader in its market segment and take the company public on NASDAQ. Perreault received a Bachelor of Science in mechanical engineering from Rensselaer Polytechnic Institute, summa cum laude, and a Masters of Business Administration from the Harvard Business School where he was a Baker Scholar.

Kohlhagen has been involved in the derivatives markets for over 30 years as an academic, a practitioner, and a Board member.

He is well known in the markets as the co-creator of the widely used Garman Kohlhagen pricing model, the formula for estimating the value of a European call option on foreign exchange.

At Bankers Trust, he was founder of the Market Transaction Group Derivatives Options Products and Managing Director, Money Market Sales and Trading, Origination and Distribution.

His career at First Union began as co-founder of all derivative products business and later Managing Director for the Fixed Income Division. Kohlhagen sits on the Board of Directors of Ametek, Inc. Feigelson is Senior Vice President, General Counsel and Head of Corporate Governance of TIAA-CREF, a national financial services group of companies and the leading provider of retirement saving products and services in the academic, medical, cultural and research fields.

Feigelson received his J. Feigelson also sits on the Board of the Foreign Policy Association. Cohen is a financial risk management veteran and hedging specialist with a career spanning over 30 years as a Principal in two of the Big 4 firms and as a Vice President for major financial institutions.

Building on his financial and enterprise risk management career, his current efforts as Managing Director at Perception Advisors are focused on assisting corporations to increase revenue and reduce costs and risks in response to climate change and other sustainability challenges.

In his capacity as PricewaterhouseCoopers Global and US Advisory Leader for the Energy, Utility and Mining industry sectors, he advised US utilities on business strategy, financial and enterprise risk management and financial and management reporting. He also worked as a Vice President at Chemical Bank and at First Pennsylvania Bank. Cohen is a frequent speaker and writer on issues important in his areas of expertise.

He holds a BA in Political Science from Rutgers College, an MBA in Finance and Accounting from Drexel University and participated in the Executive Education, International Program at Wharton School. From until starting North Bridge, Mr. Prior to he worked as a consultant at Bain and Company and as a certified public accountant with Arthur Young and Company. His investments have been split between early-stage projects and special situations. All have been active projects, including structuring initial transactions and assuming board seats.

Willibald Rieder studied Technical Mathematics at the Technical Vienna University of Technology and then worked as a software developer. From to he was Managing Director of Polydata GmbH in Munich. In Willibald established ecosoft in Vienna. In addition to his responsibilities as Managing Director, Mr.

Peter Haberler brings over two decades of entrepreneurial expertise to his role at Reval, where he helps banks deepen their relationships with corporate treasury clients by using innovative treasury services technology. Haberler co-founded ZoSo GmbH, where he also served as CEO. There, his visionary technology product won him recognition as an early pioneer of software development for mobile handheld devices. Kirsten Behncke Colyer is Executive Vice President, Chief Human Resources Officer at Reval, where she oversees and guides Human Resources and Administration globally.

Reval is the fourth financial technology company at which Ms. Behncke Colyer has successfully applied her leadership. With over 20 years of establishing and reshaping global HR departments, Ms. Behncke Colyer brings a strong track record of aligning business practices with corporate goals, strategies, and values. Prior to Reval, she built a leading-edge, global HR function for Lab49, a capital markets IT consulting company, where she focused on employee performance, retention and HR infrastructure.

For GoldenSource, a leading independent provider of enterprise data management EDM solutions for financial services, she partnered with senior management as Head of Global Human Resources to better align the function with the business. Other leadership positions include: A native of Germany, Ms. Behncke Colyer holds a Diploma M. Mitchell brings over 25 years of global sales experience across large, public enterprises, growth companies, and nascent start-ups.

Mitchell began his career as a civil servant in the UK before spending 19 years with IBM in the UK and USA. Duygu Cibik is Executive Vice President, Chief Customer Success Officer at Reval, where she leads the Customer Success Management CSM function, helping clients achieve success using Reval. As advocate of the customer, Ms. Cibik manages the global customer success management team and the client support functions to keep clients fully engaged and continually experiencing the full value of their investments in Reval.

She brings over 15 years of leadership experience in enterprise subscription-based software and services across strategy, product and customer success roles. Her track record includes growing over million-dollar enterprise product and customer portfolios. Cibik holds an MBA from Harvard Business School and a Bachelor of Science degree in Industrial Engineering from Bogazici University, Istanbul, Turkey. Patrick Cannon is Executive Vice President, Client Services at Reval, where he oversees global professional services and client support teams.

He is responsible for providing excellence in post-sales Client Services, through the delivery of industry-leading best practices.

Patrick brings over 16 years of experience in client-facing roles, having led key project and relationship management initiatives for start-up and growth-stage companies. He began his career in the industry at FNX Solutions, an early player in the ASP space a precursor to SaaS , which offered capital markets risk management solutions to global financial institutions.

At FNX Solutions, Mr. Cannon created and led the client relationship business, managing a global team of client relationship managers, business analysts and software developers. Justin Brimfield is Chief Marketing Officer at Reval, where he focuses on corporate strategy, inclusive of buy, build or partner analysis, and strategic marketing initiatives across the global organization.

Brimfield is responsible for market research, pricing, brand management, digital marketing, advertising, public relations, and social media. Since joining Reval, he has been instrumental in helping the firm deepen its penetration in the North American corporate risk marketplace with the acquisition of FXpress and broaden its addressable market and global footprint with the acquisition of ecofinance in Brimfield brings with him a robust understanding of the power of SaaS delivery and treasury technology.

Prior to joining Reval, he was Senior Vice President at Thomson Reuters, responsible for the Corporate Treasury Services business unit. At Thomson Reuters, he was involved in the acquisition of Selkirk Technologies, a Vancouver-based provider of treasury products and services. Earlier in his career, Mr. Brimfield graduated from the University of Rochester with Bachelor of Arts degrees in Economics and Political Science.

He joined Reval after nearly a decade at EXIS Consulting, Inc.

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Dino Ewing is Chief Financial Officer at Reval with responsibility for financial, human resource, legal and administrative management. He has over 20 years of experience in financial management, operations and analysis.

Prior to joining Reval in , Mr. Ewing was Chief Financial Officer of HealthFirst, Inc. Ewing holds a Bachelor of Arts degree in Economics, magna cum laude, from Yale University and an MBA from Stanford University. Jiro Okochi is CEO of Reval, a company he co-founded in to bring an Internet technology solution to the underserved market of corporate derivative end-users. Under his leadership, Reval introduced a true Software-as-a-Service solution, which has since evolved from a best-of-breed financial risk management offering to a next generation, all-in-one SaaS for enterprise treasury and risk management.

Bringing 25 years of experience to bear on vision to transform the way companies manage treasury and risk, Mr. Okochi led Reval through two market-changing acquisitions.

His well-rounded perspective of corporate needs comes from his days serving the end-user community at major global banks, such as West LB, Deutsche Bank, DKB Financial Products now part of Mizuho , and Security Pacific Bank now part of Bank of America. Today, he continues to help companies solve complex business issues as a technology innovator and an international author and speaker.

His thought leadership extends across treasury management to derivative reform and accounting regulations under both FASB and IASB. In he testified on behalf of corporate derivative users before the U. Senate Agriculture Committee and was appointed to the Global Markets Advisory Committee of the U. Commodity Futures Trading Commission, where he represented corporate constituents for four years. Extending his advocacy beyond the corporate environment to the communities they serve, Mr. He is a graduate of the University of California at Berkeley, where he earned a Bachelor of Science in Genetics.

How can the clothing retailer evolve its FX exposure management 1. RESOURCES Blog Events Webinars Library Newsroom. Alexander Peyrer Vice President, Product Development EMEA Graz, Austria In , Alexander started working for ecofinance. Reynaldo Implementation Consulting Manager, Professional Services Vancouver BC, Canada At Thomson Reuters, Reynaldo worked with Reval on a shared client.