Savings in the millions

Particularly in the case of larger foreign currency transactions, even small differences in pricing conditions have a major impact on costs and thus earnings. At the same time, it is almost impossible, especially for the smaller market participants, to maintain a full overview of the offers available on the market.

In response, two years ago QCAM Currency Asset Management launched FXBE/FX Best Execution, a unique currency management offering and an independent solution for transparent execution of foreign exchange transactions, in cooperation with the AAA-rated Zürcher Kantonalbank. The offering is primarily aimed at small and medium-sized pension funds, family offices and SMEs.

"Best Execution" guaranteed

With FXBE, best execution is guaranteed. "With this solution, QCAM offers clients an attractive one-stop solution - our clients have access to a number of banks as trading partners, the resulting counterparty risk is assumed by Zürcher Kantonalbank, which is the only counterparty for the client" explains Cengiz Temel, Head FX Services at QCAM, the innovative offering. "We support our clients in setting up an optimal multi-bank setup and execute their FX transactions transparently, independently and in their best interest."

For their part, with FXBE, clients are also acting in the best interests of their end customers, thereby also fulfilling their regulatory obligations and benefiting from the following advantages:

• independent and transparent execution of foreign exchange transactions
• Transaction execution via multiple banks
• Avoidance of unnecessary transaction costs - Increase in yields
• Access to the FX Prime Brokerage service with Zürcher Kantonalbank
• Simplification of processes (straight through processing) via FXBE
• As an FX Prime Brokerage customer of Zürcher Kantonalbank, there is no need for any further
• Trade lines with the commercial banks
• The counterparty risks are assumed by Zürcher Kantonalbank
• Transparent reporting

Information: www.q-cam.com