Foreign Exchange Risk Management

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