Bloomberg Driving Volkswagen’s Foreign Exchange Trading Platform Volkswagen Brazil selects FXGO to manage currency exposure across South America Business Wire NEW YORK -- April 3, 2013 Volkswagen Brazil, a wholly owned subsidiary of the German automobile manufacturer, has adopted Bloomberg's Foreign Exchange trading platform FXGO to manage its global currency risks. Volkswagen Brazil is among a growing number of corporations using FXGO to find transparent pricing, execute currency trades and hedge foreign exchange risk. FXGO is part of the Bloomberg Professional service, which is also used by Volkswagen Brazil to monitor global news and financial market data, communicate with global counterparties and evaluate economic outlooks. "Bloomberg's system simplifies our pricing process, increases internal and external communications and provides us a single, integrated solution for financial information and currency trading," said Bernd Schmidt-Liermann, Volkswagen's Head of Regional Treasury in South America. "The platform provides our organization increased efficiency and agility, and that was paramount in our decision to select Bloomberg as our sole currency trading platform." Volkswagen Brazil now also uses FXGO to manage foreign exchange exposure for Volkswagen Argentina, and plans to use the platform with other subsidiaries across South America. "Corporations around the world are looking to Bloomberg for more efficient, cost-effective solutions in today's challenging market environment," said Tod Van Name, Bloomberg's Global Head of Foreign Exchange, Economics and Commodities. "Bloomberg FXGO provides firms with transparent pricing, trading solutions and integration with risk management and internal systems all on one platform." In Brazil since 1953, Volkswagen Brazil is the country's largest manufacturer of automobiles and light commercial vehicles and the largest automotive segment exporter. "We are providing the Volkswagen Brazil team a simple, commission-free solution that empowers them to manage their currency exposure," said Geraldo Coelho, Bloomberg's Head of Sales for South America. "Through FXGO we are offering companies of all sizes, geographies and industries the ability to improve their price discovery, automate financial transactions and ultimately reduce operational risks." Bloomberg FXGO enables corporate treasurers, traders and investment professionals to electronically execute eligible spot, outright, swap, non-deliverable forward (NDF), deposit and option transactions with more than 300 global providers. For more information on Bloomberg FXGO visit www.bloomberg.com/fx or FXGO on the Bloomberg Professional service. Clients and prospects can also request more information from the heads of sales in the following regions: *South America - Geraldo Coelho, firstname.lastname@example.org, +55-11-3048-4516 *North America - Matthew Rees, email@example.com, +1-212-617-2339 *Asia Pacific - Grant Coombe, firstname.lastname@example.org, +65-6212-1809 *Europe - Mark Flatman, email@example.com, +44-20-7330-7882 About Bloomberg Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Professional service, which provides real time financial information to more than 310,000 subscribers globally. Contact: Media: Americas Sabrina Briefel, +212-617-1993 firstname.lastname@example.org or EMEA Natalie Harland, +44-20-3525-8820 email@example.com or APAC Belina Tan, +65-6231-3637 firstname.lastname@example.org
Bloomberg Driving Volkswagen’s Foreign Exchange Trading Platform
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