Foreign Exchange Risk Management

Mitigate the impact of exchange rate volatility on your company’s performance.

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Mitigate impact of volatility

As your company grows and expands internationally, changes in foreign exchange rates will impact your cash flow and financial results. Citizens Foreign Exchange Desk can help you mitigate the impact of exchange rate volatility on your company's performance.

Services

Citizens Foreign Exchange (FX) Specialists can help you mitigate FX risk for normal business transactions and more complex situations such as international mergers and acquisitions, overseas expansions, and capital restructuring of foreign subsidiaries. Citizens offers:

  • Best Practice Methodologies of exposure identification, valuation, and risk assessment
  • Suite of FX products: forwards (deliverable and non-deliverable), options, and cross-currency swaps evaluated for each specific currency situation
  • Periodic updates on economic and exchange rate developments
  • Foreign Currency Accounts (FCAs) to facilitate cash management
  • Access to CBForex®, our secure online real-time FX hedge and transaction execution and reporting platform

Citizens Foreign Currency Accounts make it easier to accept and pay in foreign currencies.

FCAs enable you to:

  • Consolidate and manage foreign currency receivables and payables more efficiently
  • Deposit foreign checks without immediate conversion to U.S. dollars
  • Using Citizens' online platform CBForex® you can:
  • View balances and activities for all currency accounts
  • Initiate foreign currency wires from the account

CBForex®, Citizens' online FX platform, allows you to initiate and manage your outgoing foreign currency transactions and FX hedges.

The benefits of CBForex® for your company are:

  • The ability to execute hedges and foreign currency wires securely and seamlessly
  • Rate verification before execution
  • Payment Templates for repetitive transfers
  • Robust reporting system for confirmation of wires and trade reconciliation
  • Flexible administrative and security settings for the different roles of your financial team
  • Access to your Foreign Currency Account at Citizens to check balances, incoming wires and execute outgoing wires
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Get the latest market commentary

Stay informed of FX market data and trends with Citizens Daily FiX.
Explore Citizens Daily FiX

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© Citizens Financial Group, Inc. All rights reserved. Citizens is a brand name of Citizens Bank, N.A. Member FDIC

“Citizens” is the marketing name for the business of Citizens Financial Group, Inc. (“CFG”) and its subsidiaries. “Citizens Capital Markets & Advisory” is the marketing name for the investment banking, research, sales, and trading activities of our institutional broker-dealer, Citizens JMP Securities, LLC (“CJMPS”), Member FINRA and SIPC (See FINRA BrokerCheck and SIPC.org). Securities products and services are offered to institutional clients through CJMPS. (CJMPS disclosures and CJMP Form CRS). Banking products and services are offered through Citizens Bank, N.A., Member FDIC. Citizens Valuation Services is a business division of Willamette Management Associates, Inc. (a wholly owned subsidiary of CFG).

Securities and investment products are subject to risk, including principal amount invested and are: NOT FDIC INSURED · NOT BANK GUARANTEED · MAY LOSE VALUE

 

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