FX risk management platform for growing businesses
Protect your margins and cash flow from currency movements as your business grows internationally, without trying to time the market. Choose a hedging strategy, set the parameters that work for your business, and Bound takes care of the execution, online, without the usual calls and emails.
what is FX risk management?
how Bound tracks and manages your FX exposure
1. Identify your exposure
Connect Xero, QuickBooks, NetSuite, Stripe, Revolut, Google Sheets or your bank feeds to give Bound an up-to-date view of your FX exposure from invoices and payments. Integrations are optional, so you can also manage your exposure without connecting your systems.
4. Amendments
If your underlying exposure changes, you can adjust dates, amounts and drawdown structures after booking. Any fee is shown before you confirm the change.
5. Reconcile automatically
If your accounting software is connected, Bound writes trade records back automatically, reducing manual work during reconciliation.
three hedging strategies, one platform
FORWARDS
Lock in an exchange rate for a future date, so you know what you’ll pay or receive in advance. Suited to businesses where exchange-rate movements can have a direct impact on margins, including importers, exporters and lenders making foreign-currency loans.
AVERAGING
Spread your hedging across a series of smaller trades over time, rather than locking in one rate all at once. Often called layering, this gives you an average exchange rate across the period. Suited to businesses that don’t need to achieve a specific rate, but want to avoid getting the timing badly wrong. It’s a good fit for teams that don’t want to watch exchange rates every day, but still want a consistent approach to managing FX.
RANGING
Set the best and worst exchange rates you’re comfortable with, rather than locking in today’s rate. Bound then keeps the rate within that range. Suited to businesses with a budget rate to protect, but that still want the opportunity to benefit if the market moves in their favour.
A Bound FX specialist can help identify which strategy suits your exposure, or you can set the parameters yourself and run it without speaking to anyone.
connects to the accounting software your team already uses
Bound connects to Xero, QuickBooks, NetSuite, Stripe, Revolut, Google Sheets, and bank feeds. Exposure from invoices and purchase orders is identified automatically. Trade records write back to Xero automatically where the integration is active.
Integration is optional: the platform works self-serve without any connected source.
pricing shown on screen before you confirm
Bound charges a spread on FX transactions. No setup fees, no monthly subscription, no per-seat licences. The cost is shown on screen before every trade and amendment is confirmed.
Businesses can hedge without a margin deposit, so they don’t have to tie up working capital, in exchange for a higher spread than the 5% margin deposit option.
The margin deposit option is not available to retail clients. Amendment fees are 0.05% for a date change and 0.05% for an amount reduction, with the fee shown on screen before you confirm any change.
fca regulated
Bound holds two FCA authorisations: as an investment firm (FRN 966723) and an Electronic Money Institution (FRN 1036025).
Cash held on account is ring-fenced under our EMI permission. When a regulated FX contract is in your favour, we hold the equivalent client money in a segregated account. Eligible client money for regulated FX hedging is protected by the FSCS up to £120,000 per eligible customer.
Bound is also ISO 27001 certified.
companies using Bound's FX hedging software
Tines, a workflow automation platform, used Bound's averaging strategy on an automated six-month rolling programme to convert USD into EUR. The programme scaled from $800K to $2M per month as the company's exposure grew.
Ravelin, a fraud detection company, used Bound's rate-locking capability at the point of invoice to manage FX exposure on international revenue, giving revenue certainty and keeping P&L data clean.
traded on behalf of over 200 companies
frequently asked questions
What is FX risk management?
FX risk management is the process of identifying and managing the currency exposure a business faces when it earns, pays or holds money in a currency other than its reporting currency. This commonly comes from international revenue, import and export invoices, overseas payroll and contractor costs, or foreign-currency funding.
The exposure can exist for weeks or months between agreeing a transaction and making or receiving the payment. A systematic approach means deciding how you want to manage that risk in advance, rather than leaving the outcome to whatever the exchange rate happens to be when you pay or get paid.
How does an FX risk management platform work?
FX hedging software lets a business set a hedging strategy and automatically execute trades against it. Instead of waiting until a foreign currency payment or receipt is due and taking whatever the exchange rate is then, the business can lock in a rate, spread trades over time or set a rate range in advance. This gives finance teams more certainty when planning budgets, costs and revenue. Connecting your accounting software can also give you a live view of your FX exposure and automatically reconcile trades once they’re made.