Outcomes
CHF 300,000
Annual saving
44%
Spread improvement
12 to 4.4 bps
Weighted average spread
The company
Breitling has been at the forefront of Swiss chronometry since it was founded in 1884 and has become synonymous with elegance and style. With 290 stores worldwide, on every continent other than Antarctica, the brand carries currency exposure across the globe, and visibility of the charges embedded in each transaction is vital.
The results
The outcome was a 44% spread improvement, equivalent to a 5 bps reduction and an annual saving of over CHF 300,000. With continuous performance tracking and reporting, Breitling achieved sustainable cost reductions and greater confidence in its FX hedging decisions.
CHF 300,000 annual saving
44% spread improvement
Full transparency and ongoing monitoring to prevent slippage
The mandate
Breitling gained complete visibility into its FX transactions through the platform’s analytics and monitoring tools. The solution provided transparency across spot and derivative pricing, enabling the treasury team to benchmark and negotiate more effectively with counterparties, and reduced the weighted average spread from around 12 basis points to approximately 4.4.
