TurnPointFX is a leading provider of foreign exchange services and international payments. With TurnPointFX, you can easily:
Create and execute Spot Transactions and Forward Contracts online or over the phone.
Pay beneficiaries by Wire Transfer or Bank Draft.
Choose from several different settlement methods including wire transfers, BACS, SEPA, foreign drafts, and direct debit.
Manage future cash flows with bulk FX purchase and our payment scheduler.
Full adherence to international banking and compliance requirements.
Comprehensive transaction reports for efficient reconciliation.
Process multiple payments in just a few simple steps.
Upload and manage beneficiary templates for repetitive payments.
Connect to our platform via your ERP system.
Currency Risk Management
Our experienced risk management team will work in partnership with your company to create comprehensive risk mitigation strategies. TurnPointFX offers a full range of risk hedging services including:
Free risk management consultation - Creating custom strategies is at the core of good quality risk management. We provide a free risk management consultation to develop the most optimal strategy for your business.
Through this consultation we will:
Develop an understanding of your business;
Gauge your company’s attitude toward risk;
Identify areas where your company is open to risk exposure, and;
Develop a mutual and aligned set of goals and metrics.
Through this process, we will develop a risk management strategy that mitigates your risk and exposure, protects your balance sheet, and identifies opportunities to enhance your financial position.
Our risk management services include:
Balance Sheet Hedging
Cash Flow Hedging
Net Investment Strategy
Currency Options and Option Strategies
Repatriation of Funds
Receive foreign currency payments from abroad.
Providing the ability to deposit and hold multiple currencies. Interest bearing where applicable.
Multinational Mergers & Acquisitions
Managing the FX risk associated with pending future mergers or acquisitions.
International Treasury Management
Review treasury practices
Analyze payment processes
Identify working capital efficiencies
Optimize interest rate yields
Gain visibility into cash position on a global basis.
In-depth review of fees and yields
Benchmarking against peer group
RFP (request for proposal) development and evaluation
Assessment of your bank’s financial strength
Review of your bank’s product infrastructure