Welcome to The Currency Exchange Fund

TCX is a special purpose fund providing market risk management products to investors active in emerging markets. This unique fund focuses on currencies and maturities which are not covered by regular market providers.           More about TCX here 

                TCX geographic coverage and capabilities (click on map)

TCX News

On the 23rd of June 2009, TCX and Clifford Chance, the legal advisors for the Fund, hosted a workshop in Amsterdam. Here below are the main topics of the workshop and the associated presentations:

Lending and Hedging – TCX’s perspective, Joost Zuidberg TCX 
Lending and Hedging - a lawyer’s perspective, R. Masman Clifford Chance
Calculating a loss, Termination and Enforcement issues, Th.A.L. Kliebisch Clifford Chance
Managing Price Risk during Disbursement, Philip Buyskes TCX 

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The Annual Shareholder Meeting of the Currency Exchange Fund took place in Amsterdam on 11 May 2009. Mr. Joost Zuidberg, the Managing Director of the TCX Investment Managing Company, gave an extensive presentation of the latest developments at TCX and the objectives for the current year.Press release here 

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The Currency Exchange Fund NV Annual Report 2008 has been approved.TCX Fund NV Annual Report 2008 

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Standard and Poor’s rates the Currency Exchange Fund NV (“TCX”) as AA- with a stable outlook. This rating reflects TCX’s strong shareholder structure, as well as taking into account its conservative and prudent capital base and risk management guidelines and operations. More information here. 

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TCX was uniquely identified by the G8 Finance Ministers Meeting, held in Osaka on June 13-14, in their "Action Plan for Private Sector Led Growth in Africa" as a key component in the achievement of their poverty reduction plans in the context of the Millenium Development Goals.
Action plan: www.mof.go.jp/english/if/su080614c.pdf