The ForeX application covers over-the-counter foreign exchange deals.
Note: Currency Futures and Options are handled in their respective applications.
The deals can be used:
■ to hedge physical and even futures transactions that are not in the main or functional currency,
■ to take position in a foreign currency, in anticipation or speculation.
CMStrade FX is a complete application, both in terms of transactions and operations, and in providing a variety of positions and revaluation reports (analysed by individual currency or currency pair).
FX is integrated with the other CMStrade applications that are relevant:
● for accounting’s off-balance sheet, to mirror the risk;
● for hedging, and revaluating the hedged transaction using the deal rate;
● for cash management, which incorporates all (cash)flows due to FX into the cash projections.
A full-featured application integrated in the software, FX provides a formal reliable functionality (e.g., no direct input of deal rate in hedged transactions).
For information on Operations, Output
and Transactions, please see Data.
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