PNC offers a full range of FX services
PINACLE® FX offers you a secure, online foreign exchange payment mechanism with access to real-time rates for making spot and forward currency payments via wire or draft. You can reduce the time, effort and cost of initiating and paying for foreign exchange transactions and you can transfer foreign currency to or from your multicurrency accounts held at PNC.
Multinational corporations face many challenges in managing growth across multiple continents, currencies and accounting systems. Treasury managers can facilitate crossborder settlements among affiliates, increase productivity and generate cost savings with a multilateral netting solution.
PINACLE FX Netting allows you to net your worldwide intercompany payments and optimize the overall efficiency of your global cash flow. The service currently supports 50 currencies. Each participating entity will make or receive a single payment once per netting cycle in their local currency. This reduces transaction costs and minimizes overall foreign exchange volumes. Plus, managing global activity centrally provides greater visibility and control.
You need a safe and efficient method for initiating funds transfers for same-day settlement and timely delivery of transaction-related information so you can meet important payment commitments. The PINACLE Funds Transfer module offers your authorized users a quick and reliable method for moving funds that need to settle the same day.
PINACLE’s Funds Transfer module provides secure access to your accounts so you can easily transfer funds for same-day settlement. You can also administer security privileges for your authorized users to reflect your company’s risk management protocols
Control and customize access to funds transfer initiation
Leverage easy-to-use wire transfer templates
These reports provide access to transaction activity generated within the Funds Transfer module. Reports are formatted to provide detail and summary information. Additional reports include:
Easy, online administration of repetitive templates
Universal online access
Washington, D.C.: 1-877-856-6957
Allocation of Callable Securities Your account may contain “callable” securities, which allow the issuer to repurchase or redeem the securities by a specified date. In the event of a partial redemption or call of securities by the issuer, PNC Capital Markets LLC will allocate among its customers, the securities being selected as called, on a fair and impartial basis through a randomized lottery system. If your account contains callable securities subject to a partial redemption or call, the probability of your securities being selected as called is proportional to the holdings of all customers of such securities held in bulk by PNC Capital Markets LLC. Notwithstanding the foregoing statements, PNC Capital Markets LLC will further ensure equitable allocation of the callable securities by excluding itself as well as its interested persons from the lottery system when the redemption is made on terms that are favorable to PNC Capital Markets LLC; and including itself as well as its interested persons in the lottery system when the redemption is made on terms that are unfavorable to PNC Capital Markets LLC.
Foreign exchange and derivative products are obligations of PNC Bank, Member FDIC and a wholly owned subsidiary of PNC. Foreign exchange and derivative products are not bank deposits and are not FDIC insured, nor are they insured or guaranteed by PNC Bank or any of its subsidiaries or affiliates.
Bank deposit, treasury management and lending products and services are provided by PNC Bank, Member FDIC.
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