FX4CashTM leverages Deutsche Bank's expertise as a leading cash management provider with its renowned capabilities as a truly global FX trading powerhouse to offer a broad range of solutions for cross border payments targeted to Financial Institutions, Non-bank and Corporate Clients.

The FX4Cash product suite is built upon a flexible, stable and resilient platform to meet the unique needs of our diverse clients.
FX4Cash strongly integrates with Deutsche Bank's existing client access channels, extensive reach to global payment and clearing systems, as well as leading FX trading infrastructure to provide you with a one stop solution for your cross-border currency payments worldwide.

  • Supporting multiple currencies, payment options, access channels, FX trades, rates and value dates.
  • Latest technology and systems applications ensure operational excellence and quality customer service.
  • Full suite of solutions to support your payables, receivables and passive cross-border flows.

FX4Cash Payments

Payments in more than 120 currencies with no need for currency accounts FX4Cash offers you can be configured to match your current work flows.

  • Access: FX4Cash can be accessed via Deutsche Bank's leading client access channels db-direct internet or, SWIFT, Host-to-Host and Eurogiro.
  • Rates: real time or fixed rates or daily rates valid for 24 hours
  • Payment Options: Payments can be made via high value payments, wires or drafts.

The FX4Cash work flow can be customized to suit your internal needs.

FX4Cash Receivables

Manage and control your incoming foreign currency receipts

FX4Cash is not just for you outbound cross-currency payments - FX4Cash is perfect for your incoming foreign currency payments too   There is no need to hold currency accounts, and you don't even need to bank with Deutsche Bank.   Here's how it works;

  • You define the incoming currencies to be converted into a specified  currency and paid to one of your bank accounts
  • FX4Cash will issue you with a special IBAN, for your inbound foreign currency payments
  • The FX4Cash engine will automatically indentify the inbound flow and execute the conversion using live market  rates and credit the relevant account with the converted funds
  • You will have a daily report listing all incoming items that day.



 

Currency Alert
New Purpose of Payment/Documentation Requirements
Apr 3, 2012 - 

Please provide Purpose of Payment for the following currencies:

IDR- Indonesdian Rupiah: (Please consult the currency guide for complete list).  KRW- South Korean Won (For amounts over USD 20,000 equivalent, documentation is  also required by the remitter based on the purpose stated in details as well as the beneficiaries telephone number).  MYR- Malaysian Ringgit: (Please consult the currency guide details for formatting requirements). NPR- Nepalese Rupee: Purpose of payment must be provided.

 


KES - Kenyan Schilling
Feb 24, 2012 - 

Please note that MT202's are not supported in this currency.  Movement of KES between two off-shore banks is not permitted.  Customer's can not be a financial institution.(Nov 10th,2011)KES - Kenyan Schilling is now available again.  It had been temporarily unavailable since Oct 25,2011 due to a change in FX controls.


IBAN requirements for:
Dec 23, 2011 - 

  • AED - United Arab Emirates by November 19,2011 (three month grace period will be granted ending Feburary 17,2012).

  • BHD - Bahraini Dinars by January 31, 2012

  • TRY - Turkish Lira by January 1,2012 (Requirements Postponed to 2013 as of Dec 23,2011)


Minimum Threshold for the Following Currencies:
Oct 21, 2011 - 
  • HKD- Hong Kong Dollar  of HKD 150.00 per payment.
  • IDR - Indonesian Rupiah  of IDR 200,000 per payment.
  • UGX - Ugandan Schilling of UGX 50,000 per payment.

Payments to ISK, MKD and VEF are temporarily suspended.

Payments to ARS maybe available over USD50,000 threshold


Alert archive


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Last Update: 7/14/2011
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