Cash Management and FX Risk: Transforming Treasury Operations
This article is written by Kantox Effective cash management has evolved from a back-office function to a critical strategic imperative. But what distinguishes truly exceptional cash management in multinational enterprises, and how does it fundamentally alter foreign exchange risk dynamics? This analysis explores the strategic intersection of liquidity management and currency risk, revealing how treasury […]
The Complete Guide to EMIR: European Market Infrastructure Regulation Explained
This article is written by Kantox What is EMIR and Why Does It Matter? The European Market Infrastructure Regulation (EMIR) is a comprehensive regulatory framework enacted by the European Securities and Markets Authority (ESMA), which came into force on February 12, 2014. Its primary aim is to more tightly supervise the trading of over-the-counter (OTC) […]
How Swap Automation Reduces Risks And Costs
This article is written by Kantox FX swaps are one of the most widely used instruments in currency management. The omnipresence of swaps and forwards in fx-risk-management is best understood by glancing at recent estimates by the Bank for International Settlements: “FX swaps and forwards had reached the $130 trillion mark in late 2024. The […]
The Role of Currency Management in the Ecosystem Economy
This article is written by Kantox As financial services are more and more embedded into platforms that provide a one-stop shop experience for clients, there are still gaps where currency management can bring great value. Discover the role of currency management in the realm of fintechs and how it can shape the ecosystem economy. The […]
Balance Sheet Hedging: what many companies get wrong
This article is written by Kantox In the context of the firm’s commercial exposure, FX gains and losses reflect fluctuations in exchange rates during the time lapse between the moment an FX-denominated transaction is recognised as receivable or payable in the firm’s balance sheet, and the settlement of the corresponding transaction. To remove the impact […]
Managing the corporate FX workflow: from silos to end-to-end automation
This article is written by Kantox Understanding Traditional FX Management In most organisations, foreign exchange (FX) management has traditionally fallen under the responsibility of treasury teams. Some industries where currency exposure represents a critical business component—such as airlines purchasing fuel and aircraft in USD—may employ dedicated FX managers whose sole focus is currency management. However, […]
The 4 E’s of Micro-Hedging Programs
This article is written by Kantox This blog explains the nuts and bolts of micro-hedging programs and the benefits they provide to corporations. By using micro-hedging programs —either on a standalone basis or in combination with other programs—, finance teams are in a unique position to: So let’s dive in and explain how companies can […]
Debunking 4 Currency Management Myths: Protecting Profit Margins in 2025
This article is written by Kantox When it comes to protecting profit margins with micro-hedging programs, most textbooks on corporate finance start with a discussion about the nature of currency risk. Next, they deal with risk mitigation through exposure netting and FX derivatives. This is a world of pristine simplicity, centred on transaction risk. Quite obviously, […]
Pricing and Hedging In the Age of Donald Trump and Elon Musk
This article is written by Kantox As U.S. President Donald Trump announces a 25% tariff on most Canadian and Mexican imports and raises the charge on China to 20%, Trade War 2.0 has started in earnest. How should FX risk managers react? In this article, we’ll look at how FX pricing strategies and hedging programs […]
Why Successful Treasurers Integrate FX Risk and Cash Management
This article is written by Kantox As treasurers watch global equity, credit, and FX markets wobble on each utterance from U.S. President Donald Trump, they quietly prioritise cash and liquidity management tasks. Meanwhile, recurrent episodes of financial volatility are putting the spotlight on the multifaceted interactions between FX and capital markets. Whether FX liquidity falls […]