Corporate Treasury
Corporate Treasurers determine the currencies used for international trading transactions, so they will be among the primary beneficiaries of the Wocu.
Just as they embraced the ECU, the forerunner of the Euro, as a reduced volatility basket, they will be quick to grasp the strength of the Wocu with its additional attractions - a wider scope, apolitical independence, fungibility and even less volatility - helping to reduce foreign exchange risk and hedging costs.
Treasurers will increasingly expect their bankers to make the Wocu available to them as the means of exchange, spot and forward, for their companies' trading activities, with settlement made through normal banking processes in conjunction with brokers and clearing houses.
