Corpay Offers Product for use by Global Companies Looking to Reduce FX Risk

Rhea-AI Summary

Corpay, a brand under Fleetcor (NYSE: FLT), has launched its C.A.S.E. methodology to aid clients in managing foreign exchange (FX) risk effectively. This cost-effective solution allows businesses to capture, analyze, strategize, and execute tailored FX strategies without requiring expensive technology. The process emphasizes ongoing data capture to enhance understanding of FX exposure, and it leverages historical data to optimize hedging strategies. Corpay aims to simplify the complexities of international trading for businesses, especially those new to the market.

Positive

• Launch of the C.A.S.E. methodology enhances FX risk management without costly technology.
• Four-step C.A.S.E. process provides comprehensive strategies for businesses to manage FX exposure.
• Supports businesses expanding internationally with simplified tools for risk mitigation.

Negative

• None.

C.A.S.E solution can help clients capture and quantify data in their process to mitigate foreign exchange risk

TORONTO--(BUSINESS WIRE)-- Corpay, a FLEETCOR (NYSE: FLT) brand that provides integrated cross-border payments and currency risk management solutions, is pleased to market our C.A.S.E. methodology, a way for clients to quantify and capture data that can be used by clients to analyze and mitigate currency exposures without the need for costly technology systems and additional resources.

The C.A.S.E. process is divided into 4 distinct and repeatable steps:

• Capture: FX exposure data on an ongoing basis, increasing awareness and understanding of FX risk.
• Analyze: An analysis of potential FX exposures and risks is presented and reviewed.
• Strategize: Our modelling tool leverages historical data, costs, and cross-currency correlation to help clients to optimize their hedge ratios, trading patterns and instruments.
• Execute: The Corpay team works with businesses to help those businesses to take all this information and implement their flexible, adaptable hedging strategy.

“We’re incredibly excited to provide our clients with a cost-effective tool to help them tailored their FX strategy that will help allow clients to capture, quantify and mitigate FX risk without the need for expensive technology,” said Jim Kessler, Vice President of Currency Risk Analytics at Corpay Cross-Border. “Providing our clients with access to decades’ worth of FX experience and data, along with adaptable technology, can help clients as they seek to protect themselves from potential currency market risks, and can also help them to hone an effective strategy that evolves with their needs.”

“For business that are just starting to trade internationally or expanding to new markets, managing exposure and mitigating risk can be a very cumbersome and involved process,” said Mark Frey, President, Corpay’s Cross-Border Solutions. "We are incredibly proud that we are able to provide businesses with the capabilities and simplified tools to help them as they navigate market complexities, and we look forward to helping more businesses execute strategies tailored to their goals”.

For information about the C.A.S.E. solution and the benefits it can provide, please visit https://payments.corpay.com/cross-border/currency-risk-management/case.

About Corpay

Corpay is a global leader in business payments, helping companies of all sizes better track, manage and pay their expenses. Corpay provides customers with a comprehensive suite of online payment solutions including Bill Payment, AP Automation, Cross-Border Payments, Currency Risk Management, and Commercial Card Programs. As the largest commercial issuer of Mastercard in North America, Corpay handles over a billion transactions each year. Corpay is part of the FLEETCOR (NYSE: FLT) portfolio of brands. To learn more visit www.corpay.com.

“Cambridge Global Payments” and “AFEX” are trading names that may be used for the international payment solutions and risk management solutions provided by certain affiliated entities using the brand-name “Corpay”. International payment solutions are provided in Australia through Cambridge Mercantile (Australia) Pty. Ltd.; in Canada through Cambridge Mercantile Corp.; in Switzerland through Associated Foreign Exchange (Schweiz) AG; in the United Kingdom through Cambridge Mercantile Corp. (UK) Ltd.; in Ireland and the European Economic Area on a cross-border basis through Associated Foreign Exchange Ireland Ltd.; in Jersey and the Channel Islands through AFEX Offshore Limited; in Singapore through Associated Foreign Exchange (Singapore) Pte. Ltd. and in the United States through Cambridge Mercantile Corp. (U.S.A.). Risk management solutions are provided in in Australia through Cambridge Mercantile (Australia) Pty. Ltd.; in Canada through Cambridge Mercantile Corp.; in the United Kingdom through Cambridge Mercantile Risk Management (UK) Ltd.; in Ireland and the European Economic Area on a cross-border basis through AFEX Markets Europe Limited; in Jersey and the Channel Islands through AFEX Offshore Limited; in Singapore through Associated Foreign Exchange (Singapore) Pte. Ltd. and in the United States through Cambridge Mercantile Corp. (U.S.A.).

View source version on businesswire.com: https://www.businesswire.com/news/home/20220301005851/en/

Media Contact:

Keera Hart

Senior Account Manager

(905) 580-1257

Keera.Hart@kaiserpartners.com



Corpay Contact:

Brad Loder

VP, Cross-Border Marketing

(647) 627-6635

bloder@cambridgefx.com

Source: Corpay

FAQ

What is the C.A.S.E. solution by Corpay?

The C.A.S.E. solution is a methodology for managing foreign exchange risk that includes capturing, analyzing, strategizing, and executing tailored FX strategies.

How does the C.A.S.E. methodology benefit businesses?

It allows businesses to quantify and manage FX risk effectively without the need for expensive technology or extensive resources.

What company is behind the C.A.S.E. solution?

The C.A.S.E. solution is offered by Corpay, a brand under Fleetcor (NYSE: FLT).

When was the C.A.S.E. methodology announced?

The C.A.S.E. methodology was announced through a press release dated March 1, 2023.

What are the steps in the C.A.S.E. methodology?

The steps are Capture, Analyze, Strategize, and Execute.