Research notes and announcements on FX pricing, transparency, and rate integrity — written for treasury and finance teams.
Insights
July 2026
Direct FX Submissions
Your FX trade data is yours. A single standing instruction lets your bank or FX provider send sanitized trade data straight to BII’s secure FX Rate Integrity® portal each month — no collection effort on your side, and evidence that cannot be questioned.
Geopolitical Stress Increases FX Volatility and Widens Bid–Offer Spreads
Volatility raises the cost of execution. Why independent transaction cost analysis matters most when spreads are moving.
September 2024
Pre-Agreed Spreads over the Interbank Mid-Market Rate
What a written pre-agreed spread agreement should say: spreads calculated over the mid rate rather than the bid or offer, transparent pricing algorithms, and narrow carve-outs.
November 2023
Multinationals Use FX Threshold Limits for Secondary Payments
Why the small trades below your FX threshold often carry the widest markups in the book, and how thresholds and monitoring bring them back into line.
October 2024
The Borland Curve Axioms for FX Pricing
A framework for fair FX markup pricing, and the eight factors that move a specific bank relationship off the curve — size and trade number, type of currency, credit, operations, off-hours trading, trade methods, relationship, and competitive bidding.
News & Speaking
November 2025
FX Pricing Efficiency, Integrity, and Innovations
BII presented on FX pricing transparency, the Borland Curve, and pre-agreed spreads to the National Chemical Credit Association in Houston.