AutoFX is a rule-based solution that automates your FX handling.
By putting it into autopilot mode, AutoFX will free you from manually monitoring your currency account balances and FX transactions.
AutoFX comes equipped with features to help FX handling and account balance monitoring, including following:
AutoFX automates the transfer of currency balances and the related FX conversions. Sweeping empties positive foreign currency account balances to your home currency and Topping tops negative foreign currency account balances for you.
AutoFX allows you to define variables such as the minimum balances on these accounts and the time intervals for account emptying.
If you have flows in multiple currencies, Liquidity Management automates the execution of overnight FX swaps. This effectively eliminates negative balances in foreign currency accounts, while minimising interest payments caused by overdrafts.
Activating AutoFX is easy. All you need to do is contact us, set the rules according to your FX policy and we will activate the service for you.
Please note that AutoFX is not suitable for customers who wish to hedge against the unfavorable changes in the FX rates.
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