- Access to extensive financial markets expertise: Our team has specialists in consultancy around foreign exchange, interest rates, debt and asset management.
- Access to Industry Insights: We directly oversee clients across a broad range of industries, including; textiles, agriculture, pharmaceuticals, chemicals, mining etc. and provide industry insights from banking and regulatory perspective.
- Access to our exclusive research: To empower you to make informed, accurate, effective and timely decisions, CR Forex facilitates its view with strong backing and logical reasoning through our well defined Research reports.
- Immediate Cost Savings:Our services can assist you in reducing costs in systems, compliance, personnel to free up capital for investments while still managing financial market risks effectively.
- Validation of FX Advisory Aid: A customized MIS sheet would be maintained wherein the conversion details of every FX transaction would be preserved for your validation.
- Business Structure/ Cycle
- Bank Dealings and Interbank rates
- Financial Exposure Management
- Foreign Exchange Cost
- Risk Management
- Treasury Team
- Treasury Technology
- Gap analysis compared to industry best practices
- To identify cost saving opportunities across banking and treasury
- To minimize market risks including FX, interest rate, funding and liquidity that drive sustainable profitability
- To assess corporate level risk appetite and its alignment across treasury
- To streamline treasury processes and build operational efficiencies
- To optimize the working capital cycle
- To ensure compliance with the regulations
- Implement best treasury practices
“Where the business world is ever changing and expanding, where the margins are wafer thin and every new day imposes new challenges, here is an additional avenue for you to reduce the funding cost.”
CR Forex provides end to end solutions to exporters and importers in financing by mitigating risk in international trade products, techniques and options for funding. The objective to introduce a trade finance facility by third-party to transactions is to resolve short-term cash flow challenges by ensuring compliance with local regulations.
Export Finance:
Factoring: Factoring is a form of pre-shipment financial arrangement between the factoring agency/bank (third party) and the exporter. Here the exporter sells his export receivables to the factoring agency in order to avail advances up to 90% of the receivable from the funding agency which is completely unsecured and non-recourse finance.
CR Forex bridges the gap between the client and the third party to offer the client attractive terms of services from various funding agencies. It helps to get the best products, provide better efficiency in terms of pricing, service time, operational workload, etc. which in turn helps company gain competitive edge.
Import Finance:
Supplier’s credit: Suppliers credit is a type of a trade credit financing that the importer’s in India avail on the basis of Letter Of Credit (LC). Under the LC method of payment, the overseas suppliers or financial institutions finances the importers on the rates linked to Libor rates against usance bills. This solves the purpose of suppliers who would ask for sight payment whereas importer who need credit on the transaction giving importer the benefit to negotiate and get better rate with supplier.
CR Forex negotiates and helps get competitive and lowest supplier’s credit quotes from various banks to finance your import payments. This gives an importer a leeway to choose finances from various bankers based on their cost bearing appetite and comfort.
CR Forex treasury risk management policy is designed to provide reliable, timely, and current information. As a result risk-handling activities can be planned as needed to mitigate any adverse impact on company’s financials. Through our policy framework, we create a barrier between the adverse market situation and the impact it can have on your business; by delivering customized policy framework best suitable to your business. Steps that are involved for risk management process are:
- Risk Identification
- Risk Evaluation
- Risk Reporting
- Risk Solutions
- Defining and communicating Treasury’s risk appetite.
- Integrating risk management into strategic planning and decision making.
- Understanding business risks and opportunities and guiding team to manage them.
- Get systems of risk reporting in place to monitor critical risk.
“Your convenience is our efficiency and we ensure the same through our user friendly tech solutions to facilitate you even when you are bustling.”CR Forex offers real-time quotes on mobile and desktop coupled with other bundled solutions which helps firm to better negotiate with the banks and increase FX gains significantly. CR forex desktop & mobile FX rate screen facilitates easy access to live interbank forex rates for 55+ currencies and provides access to real-time price quotes in forwards as well.
Some of our offering includes:
- Access to spot rates of currencies 55+ such as USD/INR, EUR/USD, EUR/INR, GBP/USD, GBP/INR, JPY/USD, JPY/INR etc.
- Access to annualized, monthly and broken date forward premiums for currencies.
- Access to cash rate and tom rate.
- Access to rate alert via SMS to give timely update on your desired levels.
Apart from Desktop ticker, the application is also available for iPhone and Android users.
- Providing real time access to hedging positions of imports and exports and outstanding open exposures.
- Calculating Mark to Market on the hedged FX exposures from various aspects like client, bank, currency etc.
- Has in built calculator for computing option premium and broken dates for forward premiums for major currency pairs.
- On time alert on trigger of any target and stop loss held on your open and hedged exposure respectively.
- Provides scenario analysis of currency movements that will help in understanding the risk and opportunity.
- Tap a button to get updated MIS having entire details about your Forex and Treasury.
- One stop standard platform across all layers in the organization from bottom to top level.
- With the user friendly and effortless integration with ERP, it makes the treasury workflow seamless.
- Advising in relation to transactions involving Foreign Exchange, current and capital account.
- Consulting with respect to interpretation of FEMA Rules, Regulations, Master Circulars and other allied acts.
- Consultation on various schemes and eligibility that include subventions, incentives and drawbacks.
- Advising clients on regulatory aspects with respect to booking and cancellation of contracts within permissible instruments and accounting compliance.
- Consultation on compliance related to overseas fundraising through various routes.