Wholesale customers are served through its proprietary FX software applications delivered on its web-based interface, (“CXIFX”), its related APIs with core banking platforms, and through personal relationship managers. Primary products and services include the exchange of foreign currencies, wire transfer payments, Global EFTs, and foreign cheque clearing. For more information about EBC’s access to the FBICS program, please see the FRBNY’s website.Ībout Currency Exchange International, Corp.Ĭurrency Exchange International provides comprehensive foreign exchange technology and processing services for banks, credit unions, businesses, and consumers in the United States and select clients globally. EBC having an account on the books of the Federal Reserve Bank of New York for the US dollar program will assist banks and central banks across the globe with end-to-end logistics from EBC, a bank specializing in wholesale banknote exchange,” said Randolph Pinna, Chief Executive Officer of EBC.Įntities approved for participation in the FBICS program receive access to the Federal Reserve’s ICS program, including the ability to place orders for USD banknotes from the FRBNY on a same-day basis, to have USD currency orders fulfilled solely with new USD banknotes (as opposed to previously circulated banknotes), and to receive expedited processing of large-denomination USD banknotes deposited with the FRBNY. As part of meeting the program’s eligibility requirements, EBC proved its substantial commitment to the wholesale banknote business and our future involvement in the global wholesale banknote market. “We are proud to be a part of the Federal Reserve FBICS program. The FBICS program is designed to permit certain foreign banks that do not have a presence in the United States to open limited-purpose master accounts on the books of the Federal Reserve Bank of New York (FRBNY), and to use those accounts to access Federal Reserve Bank currency services in connection with their international banknote operations. Through the FBICS program, EBC will receive access to the Federal Reserve’s International Cash Services (ICS) program.
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(TSX:CXI) (OTCBB:CURN), a full service foreign exchange technology and services provider, is pleased to announce its wholly-owned subsidiary Exchange Bank of Canada (EBC) has been approved to participate in the Federal Reserve’s Foreign Bank International Cash Services (FBICS) program. 16, 2021 (GLOBE NEWSWIRE) - Currency Exchange International, Corp. I wish them every success in their new roles.TORONTO, Aug.
Mr Lau expresses confidence in the above new appointments, “With their extensive experience, I am sure they can further contribute to the development of the above regions. In his new capacity, Mr Kumar leads the newly created South Asia and Middle East region, which includes India and GCC countries, as well as other future strategic markets. Prior to this appointment, Mr Kumar was Director, Market Development (India) for the HKTB. Mr Puneet Kumar has been appointed Director, South Asia & Middle East. Mr Raymond Chan (Regional Director, Southeast Asia) has expanded his role to cover the whole Southeast Asian region, including the current 5 core markets (Indonesia, Malaysia, the Philippines, Singapore and Thailand), as well as Vietnam and other future strategic markets in the region. Ms Anette Wendel-Menke (Director, Central Europe), Ms Dawn Page (Director, UK and Northern Europe) and Ms Solange Johnston (Director, France & French Speaking Europe) report to Mr Wong. Mr Kenneth Wong has been appointed General Manager, MICE & Cruise and Regional Director, Europe. In addition to Mr Wong’s MICE and Cruise responsibilities, he spearheads the acceleration of the development of the European region, including Russia. Mr Bill Flora (Director, USA) and Mr Michael Lim (Director, Canada, Central & South Americas) report to Ms Leung. Ms Cynthia Leung has been appointed General Manager, Corporate Affairs and Regional Director, the Americas. Under her new appointment, Ms Leung directs the Americas region in addition to her Corporate Affairs responsibilities.
To further strengthen management of core and emerging markets and enhance the efforts on developing strategic markets in different regions to drive more overnight visitor arrivals to Hong Kong, Mr Anthony Lau, Executive Director of the Hong Kong Tourism Board (HKTB), is pleased to announce the following new appointments effective 1 July 2019.
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