Chatham Financial, a global leader in debt and derivatives solutions, has unveiled a new suite of FX and International Payments (FXIP) services within its Financial Institutions practice. Designed to assist community and regional financial institutions (FIs) in assessing needs, minimizing costs, and optimizing processes, the new FXIP services are the latest offering in Chatham Financial’s toolkit of advisory and technology solutions for financial institutions.

As many community and regional financial institutions are challenged to effectively serve the FX and International Payments requirements of their borrowers, Chatham Financial has designed its FXIP solutions to help FIs determine what third party correspondents are charging, how to best negotiate the right pricing, how to determine FX penetration rates, and how to maximize revenue.

Building from the proven platform for interest rates that Chatham Financial has used to serve its clients for more than 25 years, Chatham’s FXIP practice will also leverage the firm’s extensive experience in FX and regulatory compliance into its services, which include:

   

1.

  

Diagnostic Assessment Program – A gap analysis of the bank’s current program and a roadmap of the opportunities for minimizing costs, improving productivity, and streamlining the approach for a more effective FX program

 

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FX Awareness Training – A training program designed to instruct lenders on how to offer FX hedging solutions to borrowers

 

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FX Consulting Services – A suite of consulting services tailored to help FIs determine the best approach in terms of optimizing FX processes, selecting system/technology requirements, and proposing FX programs to management or boards

 

As part of this new practice expansion, Chatham has recently hired Alan DePonceau, a veteran in the FX industry, to serve as a senior advisor. Mr. DePonceau brings nearly 35 years of experience in the FXIP market helping clients effectively manage FX risk and maximize profit. Prior to joining Chatham, Mr. DePonceau worked in a variety of roles in operations, FX sales, FX trading and FXIP product management. Most recently, he served as Founder & Principal at AMD Consulting, following roles at Susquehanna Bank, Commerce Bank, Travelex, and Citibank. Additionally, Mr. DePonceau co-founded the Regional Bank FX Forum.

“As a long-time partner to financial institutions managing interest rate risk, Chatham understands how banks operate,” said Regan Campbell, head of Chatham’s FXIP practice. “Combining Alan’s extensive experience in FXIP with our deep FX expertise and regulatory compliance infrastructure will enable us to provide timely and innovative solutions to financial institutions in managing FX risk and maximizing profit.”

About Chatham Financial

Chatham Financial is a full-service financial risk management advisory services and technology solutions firm, serving clients in the areas of interest rate, foreign currency and commodity hedging, hedge accounting, regulatory compliance, and debt and derivatives valuations. Founded in 1991, Chatham serves over 1,800 companies annually bringing expertise, services and technology solutions to our clients through a global team of debt and derivatives professionals, CPAs, analysts and technology developers. Read more at www.chathamfig.com