Foreign Exchange: New Accounts Workflow Template

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Overview: Foreign Exchange: New Accounts Workflow Template

This workflow template illustrates the assessment and setup of institutional foreign exchange accounts. Purchase and download this template in PDF and Visio (VSD) formats. You can customize it to fit your own organization, or simply use it to better understand the Foreign Exchange: New Accounts process.

Download a Free Sample of this Workflow Template


Process Details and FAQ: Foreign Exchange: New Accounts

What is included in the Foreign Exchange: New Accounts process?

The Foreign Exchange: New Accounts process involves the assessment and setup of institutional foreign exchange accounts. This process includes confirmation that customer meets the requirements necessary to open an account, risk assessment and financial compliance completion, opportunity identification, information review, foreign exchange trade form completion and review (ensure that all agreements and documentation is signed by the customer), account setup and finalization. Before notifying the customer that the account has been set up, it is best to perform a secondary check of the account information.


Which KPIs, or metrics, are typically used to measure this process?

The following metrics may be used to measure the Foreign Exchange: New Accounts process:


  • 1.Foreign Exchange (FX) Accounts Managed per FX Employee
  • 2.Percentage of New Client Accounts Not-In-Good-Order (NIGO): FX Trading
  • 3.Unit Cost: FX Trade Processing (Back Office)

Which employees and/or departments are involved in this process?

The following parties are typically involved in the Foreign Exchange: New Accounts process:


  • Business Banker
  • Customer
  • Product Manager
  • Trade Support Analyst

What is the purpose of these workflow templates?

Broken business processes pervade companies, large and small. Manual workarounds, downtime, errors and other waste is thought of as "the cost of doing business." Use our workflow templates as a starting point to document your own processes. Customize them to fit your business and add "call outs" for improvement opportunities.


How are these workflow templates created?

These workflow templates are the product of over 20 years of hands-on management consulting experience, as well as research performed by the OpsDog team. All of our workflows are mapped using the BPMN 2.0 specification.


How do I download a workflow template?

Simply click the "add to cart" button and follow the process to purchase and download this workflow template. You can use any major credit card, or a PayPal account, to pay. After you have completed the purchase, you will receive a link to immediately download the workflow template in PDF and Visio (VSD) formats. If you aren't a registered OpsDog user yet, create a free account! New users get $20 off of their first purchase.


Questions?Call: 844-650-2888Email: info@opsdog.com
  • Workflow Template

    $15

    Foreign Exchange: New Accounts

    - Instantly download files
    - Includes PDF and VSD file formats
    - Customize the Visio version
    - Mapped in BPMN 2.0 format

    Questions?

    Call: 844-650-2888

    Email: info@opsdog.com

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