PUTTING PRINCIPLES INTO ACTION
Promoting 6 leading principles of good practice in the FX market.
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ETHICS Behave in an ethical manner to promote the fairness and integrity of the global foreign exchange (FX) Market. GOVERNANCE Have an effective governance framework to provide clear responsibility and oversight of FX Market activity. |
EXECUTION Exercise care negotiating and executing transactions to promote a robust, fair, open, liquid, and transparent FX Market. SETTLEMENT Put in place post-trade processes for predictable, smooth, and timely settlement of transactions in the FX Market. |
INFORMATION Be clear and accurate in communications to promote and support a robust, fair, open, liquid, and transparent FX Market COMPLIANCE Maintain compliance to effectively identify, manage, and report on the risks associated with engagement in the FX Market. |
FX GLOBAL CODE PHILOSOPHYThe FX Global Code explains the set of global principles of good practice in the foreign exchange (FX) market, and was introduced by the Bank for International Settlements (BIS) Markets Committee in May 2017. To date, over 1,000 market participants have signed Statements of Commitment to the FX Global Code.
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STATEMENT OF COMMITMENT
Sign the Statement of Commitment to the FX Global Code
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_____________________ (“Institution”) has reviewed the content of the FX Global Code (“Code”) and acknowledges that the Code represents a set of principles generally recognized as good practice in the wholesale foreign exchange market (“FX Market”). The Institution confirms that it acts as a Market Participant as defined by the Code, and is committed to conducting its FX Market activities (“Activities”) in a manner consistent with the principles of the Code. To this end, the Institution has taken appropriate steps, based on the size and complexity of its Activities, and the nature of its engagement in the FX Market, to align its Activities with the principles of the Code.
Institution Name: __________________________ Date: __________________________ |
MARKET PARTICIPANTSFX Initiative encourages the following subset of Market Participants to Sign the Commitment. Join the Global Index, the central location that links the various Participating Public Registers, providing a more comprehensive view of market participants' commitment to good practices. Corporate Treasury Departments Infrastructure & Technology Providers Bank & Non-Bank Liquidity Providers |
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FX Initiative is a foreign exchange (FX) continuing professional education (CPE) provider that delivers training videos, software tools, and webinar topics to finance, accounting, and treasury professionals through an independent online learning platform at FXCPE.com. FX Initiative, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Concerns regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
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