Forex Limited offers a range of services designed to assist companies with managing their treasury risks. Services provided are agreed upon after an initial review has been conducted with the client to ascertain the areas in which Forex can add value. We spend a lot of time in this initial phase getting to understand the client's business from both an internal and external perspective. The various services we offer include:

Providing Forecasts on Currencies and Interest Rates

These are used by companies to assist them with managing transaction and translation exposures. The reports produced include Daily and Weekly reports which cover the interest rates, the world's major currencies, and the Kiwi dollar against the USD and the rest of the world's majors. For a number of companies we provide monthly Treasury reports which are specific to the clients exposures, hedging programs, year to date treasury performance, and a market commentary.

Managing Treasury Risks

This is where we take a more proactive approach in assisting companies to manage this part of their business. This can take on many forms, including:

Running hedging programmes

Sitting in on treasury committees as an independent external advisor

Formal meetings to formulate strategy

Undertaking transactions on behalf of clients

Treasury Policies and Creating Risk Management Framework

There has been a significant increase in directors' and shareholders' interest in managing treasury risk, which has resulted in varying requests for our services. A selection of these include:

Developing treasury policies

Conducting annual policy reviews

Reviewing banking facilities

Assistance with establishing dealing lines

Recommending financial systems

Reviewing existing internal risk management systems and internal control

Running training courses

Acting as expert witness in legal cases

Conducting checks to ensure policy compliance and the protection of shareholder wealth

Outsourced Treasury

Over recent years, there has been a strong move by companies to look at outsourcing all or part of their treasury operations. Forex is well placed to take on this function, and we currently do so for a number of our clients. Forex has the skills and expertise to act as Treasurer for companies who cannot justify the cost of one in-house. Forex also have the back office systems in place to provide the data capture, exposure and hedging reporting necessary for this function.

Transaction Service

For over 16 years, Forex has offered a transactional service to clients to enable them to hedge their imports and exports. Forex has links with major trading banks as a wholesale volume transactor in the marketplace. We are therefore able to offer competitive rates to clients, transacting foreign exchange on a spot, forward or options basis. The attractiveness of this service is the much lower collateral security requirements compared to traditional banking requirements, as well as competitive pricing.

Immediate access to competitive pricing and international TT services

Full foreign exchange transactional services including spot, forwards, and options

Payment services and transactional reporting and history available

Margin trading accounts available to approved counterparties