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[FXWN]

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Bank of America is a leading market maker in global foreign exchange. Our experts tailor programs to meet virtually all your foreign exchange needs, from forecasts and exposure analysis to pricing, execution and delivery. We provide insightful and timely advice and innovative currency strategies. We also offer the research and analytics you need to support your own market analysis.

A leading participant in the world’s currency markets, we deliver 24–hour trading capabilities in 130 currencies worldwide — giving you ready access to the world’s currency markets.


Who can benefit
Companies, money managers, financial institutions, hedge funds, commodity trading advisors and government entities operating in global markets require an array of foreign exchange services to effectively conduct international transactions and manage risks.

Corporate clients can use currency trading for:
Translating offshore revenues and investment income into home currency
Meeting payment obligations for foreign vendors, employees and creditors
Ensuring offshore operations are efficiently funded in local currency
Investor clients can use currency trading for:
Purchasing or selling securities
Managing the currency risk of an international fixed income or equity portfolio
Executing a currency overlay program

Capabilities
Products and services worldwide trading
Spot trading in major, minor and exotic currencies
Short and long–dated forwards on all non–exotic currencies
Non–deliverable forwards pricing in selected exotic currencies
Standard and exotic options
24–hour trading desk
Risk management advisory
Quantitative analysis of client exposure profiles, and back–testing and simulation of hedge strategies
Creation of fundamental, trend and quantitatively–based FX level and volatility forecast models
Review and recommendations for client risk management policies and procedures
Creation of correlation–optimized carry, currency–crises indicator and simulation/optimization models
Research, advisory and publication on corporate and investor risk management topics

Currency strategy
Economists located on trading floors, responsive to market developments
Global macro–economic coverage of all markets through worldwide network
Regular publication of market research and country analysis available electronically and online
Options analysis
Full range of option products including standard and exotic options and combinations
Option specialists on all sales desks to advise on hedging and trading strategies
Technical analysis
24–hour analysis of chart patterns in major currencies and cross currencies, such as EUR/JPY
Long–term directional forecasting of currencies based on sophisticated charting techniques
Policy consulting
Assistance in developing foreign exchange management programs
Collateralized foreign exchange trading
Margin trading on spot, forward and option products
Foreign exchange prime brokerage
Clearing services to institutional accounts with online reporting

Other services
Extensive series of workshops covering topics on risk management, accounting, FAS 133 and reporting guidelines, political and macro–economic developments and operational issues
Full–featured capital markets Web site with instant access to research, market commentary, risk analysis tools, portfolio and deal pricing and trading

Product strengths
Sophisticated solutions tailored to each client’s specific goals, taking into consideration complex tax, accounting and corporate policy issues
Ability to address the opportunities and risks that arise from fluctuating exchange rates
Tools to minimize risks associated with transaction, translation and economic exposures
Enhanced liquidity in global markets
Smooth, efficient execution of currency trades

*None of this is meant to do anything other than showcase how "institutional" foriegn currency trading is in the financial world today. Shouldn't you be learning more?