TCX

The Currency Exchange Fund (TCX) is a specialized fund offering OTC derivatives to hedge the exchange rate and interest rate risks which affect international investors and local borrowers on emerging markets. The aim is to promote long-term financing in local currency by helping reduce market risks related to exchange rate asymmetries. TCX consequently works on currencies and maturities which generally have little coverage.

The Currency Exchange Fund (TCX) is a specialized fund offering OTC derivatives to hedge the exchange rate and interest rate risks which affect international investors and local borrowers on emerging markets. The aim is to promote long-term financing in local currency by helping reduce market risks related to exchange rate asymmetries. TCX consequently works on currencies and maturities which generally have little coverage.