Message-ID: <4022635.1075861394436.JavaMail.evans@thyme> Date: Wed, 14 Nov 2001 17:29:56 -0800 (PST) From: anne.burch@currenex.com To: harry.arora@enron.com Subject: Currenex Newsletter Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Anne Burch X-To: Arora, Harry X-cc: X-bcc: X-Folder: \HARORA (Non-Privileged)\Arora, Harry\Deleted Items X-Origin: Arora-H X-FileName: HARORA (Non-Privileged).pst Dear Harry, Thank you for your interest in Currenex, Inc. The newsletter provides you with news, announcements and upcoming events from Currenex, the leading online multi-bank global currency exchange linking institutional buyers and sellers worldwide. Currenex continues to add several new buy-side and sell-side members. The Currenex service now boasts hundreds of active trading members around the globe who are enjoying the benefits of electronic foreign exchange trading with increased efficiencies through complete straight through processing solutions. Don't miss the November issue of The Treasurer magazine featuring an article on electronic trading platforms and new integration standards, or the recent article from Treasury and Risk Management magazine discussing Corporate E-Trading. ========================================================================= CURRENEX BOLSTERS SERVICE OFFERING WITH ENHANCED USER INTERFACE, A REAL-TIME MARKET VIEW, AND COMPLETE STP SOLUTIONS FOR ITS MEMBERS LONDON - November 12, 2001 - Currenex(tm), Inc., today announced a set of significant service enhancements including a customizable user interface designed for live executable streaming prices and orders, a real-time market view featuring live indicative interbank rates from Tullett & Tokyo Liberty, and a complete suite of straight-through-processing (STP) solutions that provide members faster, easier trade execution and complete STP. To view the release in its entirety: http://www.currenex.com/html/pr_fxintegrate.shtml ========================================================================= CURRENEX LAUNCHES FXINTERNAL TO HELP CORPORATIONS MANAGE FOREIGN EXCHANGE ACTIVITIES ACROSS SUBSIDIARIES LONDON - November 6, 2001- Currenex(tm), Inc., today introduced FXinternal, a new offering that gives global corporations powerful capabilities to manage foreign exchange transactions with their subsidiaries and affiliates. FXinternal will enable central treasury operations to leverage aggregated trades on behalf of their smaller subsidiaries through Currenex's trading service. To view the release in its entirety: http://www.currenex.com/html/pr_cit.shtml ========================================================================= TWIST PUBLISHES SECOND VERSION OF FX INTERFACE STANDARD AND ADDS REUTERS AND TAPX AS MEMBERS Second Version of Interface Incorporates Workflows for FX Trade Amendments, Cancellations, Allocations, and Rolls MADRID - September 19, 2001- TWIST, the Treasury Workstation Integration Standards Team, a group of fifteen global companies, announced today that it has published the second version of an open standard interface at www.twiststandards.org. To complete the second version, TWIST has been working in alignment with the FpML FX Products Working Group to facilitate straight through processing (STP) by effective integration of treasury systems with foreign exchange (FX) trading platforms. TWIST also announced Reuters and tapX as new members and that it is working with SWIFT to encourage harmonisation of emerging standards. To view the release in its entirety: http://www.currenex.com/html/pr_fpml.shtml To learn more about the TWIST Initiative, please visit www.twiststandards.org ========================================================================= CURRENEX PARTNERS WITH AVT TECHNOLOGIES TO STREAMLINE FX DEALING Currenex Bank Members Offered Multiple Options for Price Delivery to Clients London, October 26, 2001 - Currenex(tm), Inc. today announced that it will integrate its online foreign currency trading service with AVT's auto pricing engine, EchoFX, to provide significantly increased speed, efficiency and streamlined foreign exchange dealing to Currenex bank members. Currenex bank members can now respond to their client's price requests automatically, or personally, using the Currenex service. AVT is a leading provider of foreign exchange transaction technology and has established a blue chip client base that consists of many of the world's preeminent global banks. To view the release in its entirety: http://www.currenex.com/html/pr_partner_avt.shtml ========================================================================= The Treasurer: A Step in the Right Direction Tom Buschman of Shell discusses why electronic trading platforms and new integration standards are a step change for increased efficiency and controls in corporate treasury. To view the release in its entirety: http://www.currenex.com/html/subbed1.pdf ========================================================================= Treasury and Risk Management: The Rocky Road to Corporate E-Trading Treasurers will drag their feet until straight-through processing arrives At the beginning of the year, corporate treasury departments were assured that electronic trading was the promised land. Corporates were going to capture big savings as banks and other sell-side institutions were forced, by the simultaneous multiple quotes that e-trading makes possible, to offer increasingly competitive pricing. Web sites offering corporates e-trading in everything from foreign exchange to leasing began to spring up. To view the release in its entirety: http://www.currenex.com/html/news_stp.shtml ======================================================================== Corporate Finance: FX Platforms Give Internal Control Online FX platforms are moving to the next level with internal dealing applications. Denise Bedell speaks to corporates looking at the new systems and to the companies developing them to see how web-based trading applications can increase control and auditing of the entire process of FX risk management. To view the release in its entirety: http://www.currenex.com/html/news_cit.shtml ======================================================================= Members: Currenex has more than 40 major corporations and fund management firms including Autodesk, Compaq, Ericsson, Home Depot, Intel Corporation, MasterCard International, Sara Lee Corporation and the Royal Dutch Shell Group as well as 45 global, market-making banks including: ABN Amro, Barclays Capital, Merrill Lynch and Standard Chartered. We are also proud to announce that National City and Wachovia/First Union have recently joined the FXtrades services as bank members. To view a more detailed list: http://www.currenex.com/html/members.shtml ======================================================================== Events: Many exciting eFX events have occurred over the past two months. To highlight a few: In September, Currenex participated at the International Cash & Treasury Management Conference in Madrid. At the conference, Currenex's VP and EMEA Managing Director, Roddy Boulton, discussed foreign exchange trading along with a case study from Bert Kors, FX Manager, Sara Lee / DE n.v. Currenex also partnered with Trema to showcase straight-through-processing using an interface developed jointly by Currenex and Trema. This interface allows users of Finance Kit to automatically receive trade details from Currenex's FXtrades multi-bank currency exchange via the Trema Transaction HUB Service. This interface is based upon the TWIST standard, which both Trema and Currenex have helped develop. For more information, please go to: http://www.currenex.com/html/pr_showcase.shtml or visit www.twiststandards.org Also in September, Currenex participated at the Treasury Management Association of New York's Cash Exchange. Currenex and Travelex discussed the evolution of eFX. Check out the media alert at http://www.currenex.com/html/pr_travelex.shtml. At the Eurofinance Pan European conference in Atlanta, GA., Currenex and Home Depot participated in a case study covering eFX and the benefits to using Currenex's service. In October, Currenex participated at the Association for Financial Professionals Conference in Chicago where we held two sessions and also exhibited. The opening remarks were from Madeline Albright who was dynamite, and though she was busy, she did make the rounds and stopped by the Currenex booth. At the conference, Currenex partnered with Trema, FXpress, Integrity, Simcorp and Wall Street Systems to demonstrate straight-through-processing that is currently being delivered to several Currenex members. Ted Sanborn, VP Product Management of Currenex, held an online foreign exchange trading workshop where participants learned about how to get started in eFX. And Jim Kleckner, EVP and CTO of Currenex, conducted a session on Securities and Controls for Financial Transactions on the Internet. To view the AFP presentations, please visit the Currenex and AFP partner page at http://www.currenex.com/afp.html We all expected that the Eurofinance Madrid and AFP conferences would be somewhat dampened by the Sept 11th attacks; however, Currenex and its partners, found the events to be extremely worthwhile, as both an exhibitor and conference participant. Special congratulations to Rebecca Flick, Director of Treasury, The Home Depot on her promotion to AFP board Chair, and Currenex looks forward to seeing all of you there next year in The Big Easy..... To view more information about STP and Currenex partners, please go to: http://www.currenex.com/html/partners.shtml ================================================================== For more information about Currenex, please visit our website at www.currenex.com ------------------------------------------------------------------ If you do not want to receive this update in the future, you can unsubscribe by sending an e-mail to news.unsub@currenex.com Please be sure to include "UNSUBSCRIBE" in your subject field.