Multicurrency PlatformMulticurrency Platform
About the Platform
International business has grown constantly since the end of the World War II. The significant acceleration of the globalization process happened after the end of the Cold War, which improved significantly the “trade environment”.
Some countries, such as Brazil, Russia, India, China (the BRIC), during the last 15 years, have fueled the trade activity in the world.
During the last few decades many trade areas arose. The most important of them is the European Union (EU), which created a common trade and economic environment for Europe. As this trade area developed, a currency for some countries of the area was created—the Euro. Some of these countries, such as Germany and France, had very strong national currencies but the many benefits of using a common currency was enough for them to give up their own. As a result of this process the Euro became a very strong currency and a competitor to the American dollar as a trade currency.
The summation of all the facts above explains the rise in the investments in currencies other than the US dollar. Despite this stronger demand, the majority of the American and Latin American banks do not offer a multicurrency platform; the ones that do, however, usually do not have an efficient method to interface the different systems and to consolidate clients’ information. In contrast, FBP allows its clients to benefit from an effective multicurrency environment.
FPB gives its clients a fast and flexible service, using a variety of instruments to access the markets.
We offer an efficient custody platform with all the client custody account information available online.
