More major corporates than ever are participating in CF’s regular surveys with over 250 responding to CF’s 2004 FX survey.
As well as asking corporates to rank banks, CF has also asked for commentary on bank services, how banks can improve and where they can go wrong. One corporate says: ?Banks should be more risk adverse in recommending products, especially involving derivatives products and pro-active in advising the timing to hedge such risks.?
Citibank has regularly featured as CF’s top bank for FX services: will it yet again take the FX plaudits for 2004? Which banks are offering consistent performance across the euro, dollar or yen currencies? Who is strong on options? Which banks really care about relationship management with corporate clients? Find out in September’s copy of Corporate Finance magazine.
CF’s corporate readers have highlighted three areas of concern: e-commerce, derivatives and banking relationships. Are they your major FX concerns?
According to another respondent, ?banks should be more proactive with their clients. But, FX is only one of a number of services offered by banks and it is the overall approach and lending appetite amongst other factors that will influence decision making.?
For those interested in the full corporate commentary please visit CF’s website. As the following quote suggests, not all our respondents are happy people: ?Nag, nag, nag. Each bank expects to get all my business. Or they call my boss or my treasurer and complain that I am not giving them enough business.?
To catch up with the full survey results take a look at the September copy of CF, and for those of you interested in the corporate commentary, please access the magazine website for a full breakdown upon its publication.
