China commodity exchange (chcex) helps corporate clients simplify and trim costs from cross currency trading
1. China Commodity Exchange (CHCEX)
Helps Corporate Clients Simplify and Trim
Costs from Cross-Currency Trading
Expanded Foreign Exchange Capability Enables Businesses to trade in 16 Currencies
from a Single Account.
Beijing, March 19, 2016 /PressReleaseCircle/-- CHCEX has expanded and improved
its foreign exchange solutions by introducing new enhancements that help corporate
clients cut costs and simplify the way cross-currency Automated Clearing House (ACH)
trading is made.
CHCEX’s market-leading solution is ideal for businesses with large volumes of non-
urgent ACH trading that want to eliminate the administrative and financial complexity of
managing and reconciling multiple foreign transactions. For example, one CHCEX client
is using the capability to make its trades from one central account, even though its
partners are dispersed globally. As a result, the client was able to close numerous in-
country bank accounts and cut costs associated with multiple wire fees and managing and
reconciling these accounts.
“CHCEX continues to invest in its foreign exchange services to help clients cut trading
costs while improving operational efficiencyon a global scale," said Ruan Wei Xinxin,
Head of Business Development. "By expanding our cross-border ACH capabilities,
CHCEX’s clients now have more currency and low value trading options. Clients also
benefit from lower transaction, foreign exchange and reconciliationcosts associated with
using a single account rather than maintaining multiple local accounts globally."
CHCEX offers a full suite of foreign exchange solutions to meet clients' cross-border
trading needs. CHCEX has the solutions companies need to efficiently process
international trading operations.
CHCEX’s Foreign Exchange Solutions offer:
- A full suite of innovative solutions, from simple to complex
- Competitive FX rates
- Execution in more than 100 currencies
- Convenient and flexible local currency accounts
2. - Access to experts that can help assess client's overall foreign exchange risk exposure,
and design appropriate hedging structures
About China Commodity Exchange (CHCEX)
China Commodity Exchange’s (CHCEX.org) diverse markets span futures and options
on interest rates, commodities, indexes and FX, as well as equities and equity options.
These markets are relied upon by international market participants, along with our post-
trade infrastructure. We are uniquely positioned to provide end-to-end risk management
solutions to our customers around the world. CHCEX is a strategic initiative with a
mandate to enhance commodity trade flows by providing the appropriate physical,
market, financial infrastructure and services required. The Management team of CHCEX
comprises senior personnel from the commodities, securities and financial services
industries.
Contact:
Poon Xiaomeng
China Commodity Exchange (CHCEX)
Fortune Financial Center,
7 E 3rd Ring Rd Middle, Chaoyang,
Beijing, China
media@chcex.org
http://www.chcex.org