Charles River Investment Management System (Charles River IMS) includes comprehensive currency management and foreign exchange (FX) trading functionality, including trading FX to raise settlement cash for foreign investments, covering exposure to international markets, or managing active currency mandates.

Manage Currency Exposure
Evaluate and manage exposure using currency overlay and advanced modeling functionality with Charles River Manager.

• Evaluate currency, currency pair, currency bloc and counterpartyexposure across international portfolios
• Calculate forward unrealized gain/loss
• Apply active currency mandates or hedge ratios across one or more portfolios
• Forecast settlement day cash
• Systematically roll and consolidate maturing forwards based on preferences
• Automatically generate net FX requirements for foreign order settlement with Charles River Trader, including fully or partially hedged FX swaps.
• Generate cross-currency forward contracts or pair with the base account currency

Evaluate Risk
Charles River Compliance monitors exposure risk by currency, counterparty, or other attributes via pre-trade, post-execution, and portfolio compliance workflows. Receive alerts and review exposure via detailed reports.

Directly Connect to FX Banks
Charles River Trader provides electronic connectivity to some of the world's best FX banks1 via FIX (Financial Information eXchange).FX banks connected to Charles River are at the forefront of FX best practices in today's quickly changing regulatory environment.

• Mitigate risk
  • Maintain control over entire process
  • Conduct accurate and timelyprocessing
  • Maintain comprehensive audit trail
• Reduce errors
  • Reduce manual calculation
  • Access price consistency
• Streamline workflow
  • Reduce keystrokes
  • Provide block order details for execution
  • Configure automated order routing
  • Provide allocation details post-trade
• Increase operational efficiencies
  • Minimize transaction costs
  • Connect directly to FX banks
  • Recieve automatic order matching and confirmation
  • Leverage automated acknowledgement and settlement workflows

Easily Execute FX
Charles River Trader supports direct execution of FX orders in two simple steps. First, select one or a group of FX orders ready for execution. Second, simply drag the orders to selected FX bank on the Charles River Trader FIX Toolbar. Or, select the FX orders for execution via the FX Order Entry window.

The FX bank will provide instantaneous, automated fills directly from their FX desk or internal pricing engine.

Additionally, Charles River Trader offers an automated workflow for direct execution. Set up automatic FIX order routing to FX banks using a customizable rules engine.

Facilitate Automatic Confirmation and Settlement
Charles River Post-Trade compliments the direct execution workflow by providing post-trade allocation messages to the executing FX bank and facilitating automatic confirmation workflows.

Submit settlement details via MT304 messages from Charles River Post-Trade directly to custodian banks, and/or to the FX bank. The FX banks can provide Gross or Net Settlement, based upon the specific relationship. Gross settlement is conducted on a trade-by-trade basis via straight-through processing (STP). Net settlement can reduce risk by netting FX trades such that settlement is either paid or received per currency per value date.

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