By: Andries du Toit, Managing Director of Peregrine Treasury Solutions
In a move to align its name more closely with its activities, Peregrine FX has become Peregrine Treasury Solutions. “The business has evolved from one which focuses on forex trading and solutions to a holistic treasury offering and we feel that the name needs to reflect this,” explains Andries du Toit, Managing Director of Peregrine Treasury Solutions.
Peregrine Treasury Solutions is also delighted to announce that is has acquired the total shareholding in dynamic treasury outsource company, IMPEX Treasury Solutions. This adds significant treasury management capabilities to the company’s existing forex offering to create a complete treasury spectrum on offer.
“Over and above the human capital benefit of this transaction, the outcome has translated into a more comprehensive treasury service offering in the corporate and institutional space,” adds Du Toit. In addition, the move has expanded the business’s footprint, which now boasts three offices countrywide.
IMPEX was established in 2004 and has since grown into a reputable foreign exchange risk management company. Its core business is providing importers, exporters, fund managers and private individuals with advice and solutions to minimise Treasury risk.
Enhanced capabilities and competitive exchange rates
Peregrine Treasury Solutions’ enhanced capabilities are important for businesses and other players operating in today’s uncertain global environment. The company is able to identify, advise on and mitigate risks associated with dealing in financial markets. For entities requiring forex, Peregrine Treasury Solutions is able to achieve extremely competitive exchange rate prices from financial institutions through the use of collective client portfolios, first-hand knowledge of the market and continuous intra-day market analysis. In addition, the full foreign exchange rate transaction from instruction to settlements, compliance to reporting is taken care of seamlessly.
Revolutionary approach and use of technology means better risk management and decision making
Peregrine Treasury Solutions’ approach is revolutionary in the treasury environment. It provides clients with a real-time consolidated view of their financial positions and financial markets in order to manage business risk with accurate forecasting and better decision-making. Online real-time mark-to-market of all financial instruments across multiple currencies and suppliers, coupled with dynamic hedging strategies is critical to the Peregrine Treasury Solutions solution.
A complete audit trail is provided via the automation and capturing of all treasury transactions. This generates IFRS-compliant reports for each transaction, thereby eliminating double capturing, as well as providing a record of every transaction and the complete history of every change effected on the transaction. Both fraud and data manipulation can thus be reduced.
“The Peregrine Treasury Solutions’ treasury management solution is a single interface which acts as a bridge to multiple banks and jurisdictions while adhering to global financial messaging standards,” says Du Toit. “Individuals, corporates and institutions will all be able to benefit from the enhanced offering from Peregrine Treasury Solutions. We are able to develop client-specific solutions, no matter their size or requirements.”