Cash & Liquidity ManagementCash ManagementAFEX and FXD Capital to offer holistic FX and cash management solution

AFEX and FXD Capital to offer holistic FX and cash management solution

Having a holistic approach helps clients make better informed decisions and ultimately manage their treasury more effectively - FXD Capital.

AFEX has announced a strategic partnership with FXD Capital, a collaboration that will enable both businesses to offer a consolidated and all-encompassing solution across FX and cash management.

AFEX is a leading global payment and FX risk management solutions provider and FXD Capital is the founder-run money broker and deposit specialist.

Businesses have amassed a record amount of cash. After a decade of ultra-low interest rates, the holistic and consolidated offering from FXD Capital and AFEX is designed to improve clients’ visibility into their cash management and FX strategies to help them make more informed decisions.

Holistic FX and cash management solution

The press release from FXD Capital on 02 September stated that in the current climate of low interest rates and economic and political uncertainty, key challenges for treasurers and finance directors are clear. It’s not just currency markets that can be volatile. Businesses need to constantly asses interest rate and counterparty risks. Independent of the banks, FXD Capital provides a proactive and impartial service, offering Term Deposits, Notice Accounts and Money Market Funds from a diverse range of banks.

Wayne Mitchell, General Manager EMEA at AFEX commented: “We are thrilled to partner with FXD Capital and to offer their cash management solution in conjunction with our FX offering. FXD Capital’s expertise and experience will help our clients boost liquidity, reduce counterparty risk and achieve better returns. These factors are important to consider, especially in today’s volatile market. As specialist firms with complementary remits, we offer clients objectivity and perspective, and seamless, proactive solutions.”

Bobby Jackson, Managing Director and Co-Founder of FXD Capital added: “We are delighted to announce our partnership with AFEX. AFEX is one of the largest global payment and FX risk management specialists and a pioneer in the industry. What we are offering is totally unique and we look forward to working closely with the team to provide clients with a comprehensive cash management solution.”

According to the findings from a Bloomberg survey last month, Corporate treasurers are exploring new foreign exchange risk mitigation strategies through cash management and are open to factors like Cash Flow at Risk (CFaR) and Earnings at Risk (EaR).

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