RBS enhances RBS FiX
The Royal Bank of Scotland has announced an enhancement to its RBS FiX FX benchmarking product.
The Royal Bank of Scotland has announced an enhancement to its RBS FiX FX benchmarking product. The updated product provides global treasurers with the ability to create direct intra-company funds transfer between subsidiaries in conjunction with their FX dealing, so providing cost efficiency and minimising infrastructure costs.<br><br>Entering fund transfer orders between entities, combined with coordinating FX FiX orders, gives a distinctive perspective of the total amounts transferred, without the need to use different systems to accumulate all the information needed. FiX provides a unique set of spot and forward fixing rates, drawn from independent sources, enriched and validated using complex methodologies like VWAP, produced at set times of the day on a global basis. The rates are produced by RBS product partner EBS, whilst Deloitte & Touche audit the product to SAS70 standards.