|By PR Newswire||
|January 15, 2014 04:01 AM EST||
LONDON, January 15, 2014 /PRNewswire/ --
WOCU Limited, supplier of the WOCU®, an independent, composite global currency unit, announces that bespoke currency references are now available.
WOCU Bespoke Currency References (BCRs) are now available, off the shelf, for fund performance benchmarking, and product creation. WOCU BCRs allow a fund customer, for example, to adjust for currency fluctuations which may skew portfolio performance.
A WOCU BCR has the same fundamental trust advantages as the WOCU with independently produced fixing reference prices and historical data. In addition to baskets such as WOCU BRIC and WOCU OPEC, WOCU Limited can rapidly construct any bespoke basket to order, to deliver these same benefits.
Go to http://www.wocu.com/wocu-bespoke to find out more.
The WOCU is an independent, apolitical, elegantly constructed composite currency unit that naturally adjusts to the rise and fall in the prominence of its constituents; the currencies of the World's Top Twenty economies as measured by their GDP. The WOCU embraces the success of booming economies and reduces exposure to those that are struggling. It is entirely transparent, trustworthy and is based on real currency values.
Mike Blakey, MD of WOCU Limited said: "A client can pick its BCR, choose its weighting parameters and we can deliver it, instantly, independently and verifiably, slashing development and compliance costs."
About The WOCU
For more information on the WOCU including access to live and delayed WOCU prices and charting tools to demonstrate historical comparative volatility rates since 2000 visit http://www.wocu.com. For those on the move, a WOCU iPhone application is also available; free to download from iTunes.
The WOCU (currency code XCU), a Registered Trademark of WOCU Limited, is a global composite currency derivative covering the World's Top Twenty economies, representing the vast majority of global production. Weighted elegantly by transparent International Monetary Fund GDP figures, the WOCU is a natural "Currency Shock Absorber".
Taking in real time exchange rates, the WOCU algorithm outputs WOCU cross rates in real time. The WOCU can be used to reduce risk and assist decision making in saving, investment, international trade, commodity pricing, project finance, international portfolios and indexes, and a host of other applications.
The WOCU is applicable across a huge financial spectrum; trading of goods and services, corporate treasury, asset and fund management, savings and bonds: from whole nations down to individuals.
For full information about the WOCU, access to the free WOCU iPhone app, regularly updated WOCU prices, historical data, charting, go to http://www.wocu.com or call +44(0)203-239-1660 for more details. Enquiries: [email protected].
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