Cross-Border Currency Exchange

G10 liquidity and hedging for global treasuries

Competitive spot execution, forward contracts and structured hedging programmes that protect margins from currency volatility — with every exposure measured and settled against the US dollar.

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G10 Spot Liquidity

Deep, multi-bank liquidity

Our desk aggregates streaming prices from tier-one liquidity providers across all G10 currencies, executing at competitive spreads with transparent post-trade reporting.

24/5 coverageGeneva desk with Asia and New York handover.

40+ currenciesG10 plus major emerging-market pairs.

Algorithmic executionTWAP/VWAP for large tickets to reduce impact.

Segregated settlementClient funds held in segregated accounts.

Live Reference Rates

ECB reference · — · refreshes every 60s

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Indicative reference rates only — not dealable quotes. Executable pricing is provided by our trading desk.

Forwards & Hedging

Hedging strategies that fit the cash-flow profile

Outright & Window Forwards

Lock in an exchange rate for a known future date — or a window of dates — to hedge highly probable receivables and payables.

Layered Hedge Programmes

Rolling hedges with declining hedge ratios over 12–18 months smooth the achieved rate and remove single-date execution risk.

Options & Collars

Vanilla options, zero-cost collars and participating forwards protect the downside while preserving upside participation.

Currency Hedging Calculator

Illustrative forward hedge scenario analysis

Foreign-currency exposureExposure currencyFunctional currencyTenorHedge ratio: 75%Stress scenario — spot move: -5%

Spot EUR/USD

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Indicative 6M forward

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Unhedged value (USD)

Hedged programme value (USD)

Forward points approximated from indicative interest-rate differentials. For illustration only; not an offer to transact.

Service Schedule

FX services at a glance

Service	Description	Tenor	Minimum Ticket	Settlement
Spot FX	Immediate exchange at prevailing market rate	T+0 to T+2	USD 100,000	CLS / SWIFT
Forwards	Fixed rate for future delivery; window forwards available	Up to 24 months	USD 250,000	Physical or NDF
Options	Vanilla, collars and participating structures	1 week – 18 months	USD 500,000	Premium T+2
Multi-currency Accounts	Segregated accounts in 12 currencies with SWIFT/SEPA/SIC connectivity	Ongoing	—	Same-day

Engage First Horizon

Protect your margins from currency risk

Request a complimentary exposure review from our FX structuring team.

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