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FXpress Unveils FirstF7

Treasury software provider FXpress has released First F7, its latest version of the company’s Web-based corporate treasury solution, to address the upcoming FAS 157/159 guidelines. FAS 157/159 is associated with fair value measurement and increasing automation for trade requests, back office confirmations and bank statement imports. Other enhancements to First F7 include automation features to enable users to achieve STP. FXpress unveiled a version of its First Treasury Solutions – First S7 – in July, with a string of enhancements including increased hedge accounting validation using regression analysis, the ability to consolidate cash and bank account positions, foundational cash management functionality, added flexibility when managing foreign exchange trade requests across subsidiaries and managing lines of credit.  

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