CLOVER FOREX SOLUTION (CFS)
Managing currency risk is one of the primary objectives and is normally addressed by having an appropriate risk management policy. Among other things, such policy would normally specify stop-loss and take-profit levels on various exposures. Moreover, a corporate would also have pre-decided entry & exit levels for its exposures. The treasury department at a Corporate is normally responsible for complying with the policy directions. Besides, a corporate treasurer would always like to be aware & promptly informed about price changes in forex markets.
CFS aims to provide an efficient link in the above set-up. CFS has a bi-modular system comprising Customer Module on one hand and Dealer Module on the other, with the Internet providing the connectivity. Customers can log-on to the bank's site using the access protocol, which ensures that only authorized persons are using the link.
The site would provide three things -
- Forex market information would be available.
- Market orders as well as take-profit / stop-loss orders which can be directly entered into the system.
- User may use the chatting facility to talk to the bank traders.
The in-puts from / to this site would be monitored by the bank's corporate treasury - information on market would be given by the treasury, ensuring prompt & efficient execution of customer orders. This would be very easy since CFS would provide complete information on pending orders without any effort on the part of the bank's corporate treasury. In Addition to this, an online communication channel is also available for interacting with customers.
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