Grain Glossary

Get an overview of financial terms and their definitions. < BACK KNOWLEDGE BASE Grain Glossary Get an overview of financial terms and their definitions. ALL A A B B C C D D E E F F G G H H I I J J K K L L M M N N O O P P Q Q R R S S T T U U V V W W X X Z Z L Landed cost A landed cost is the total cost of bringing a product from the origin to its destination, including transportation, insurance, duties, tariffs, and other fees. Importing businesses must consider the landed cost, as it affects the final price of the product and ultimately their competitiveness. By calculating the landed cost, companies can determine the true cost of their imports, make informed purchasing decisions, and price their products accurately. Letter of credit A Letter of Credit (LOC) is a document issued by a bank on behalf of a buyer, guaranteeing payment to a seller under the terms and conditions agreed upon by the buyer and seller. The seller can use the LOC as a guarantee of payment as long as they meet the conditions outlined in it. If the buyer fails to pay the seller, the issuing bank will pay the seller. It is commonly used in international trade transactions to mitigate the risk of non-payment by the buyer. Liquidity Liquidity refers to the ease with which an asset can be bought or sold in the market without affecting its price. Highly liquid assets, such as cash, can be easily bought or sold with minimal impact on the price, while less liquid assets, such as real estate or collectibles, may take longer to sell and may be subject to larger price fluctuations. There are several measures of liquidity, including the bid-ask spread (the difference between the highest price that a buyer is willing to pay for an asset and the lowest price that a seller is willing to accept), the volume of trading activity, and the speed at which an asset can be bought or sold. Local currency payment Local currency payments are financial transactions that are conducted in the local currency of a client or supplier, rather than the company's own functional currency. These payments can be made for sales transactions, exports, or purchases transactions, imports. Operating in the local currency allows companies to avoid costly markups and expand sales by avoiding passing on exchange rate markups to clients. Effective currency hedging is necessary for companies to protect against exchange rate risk when making local currency payments. London Interbank Offered Rate (LIBOR) The London Interbank Offered Rate (LIBOR) is a benchmark interest rate that is used as a reference rate for short-term interest rates around the world. It is calculated and published daily by the ICE Benchmark Administration (IBA), a financial services company, based on the interest rates at which a panel of banks in London are willing to lend to each other. There are different LIBOR rates for different currencies and maturities, ranging from overnight to one year. The most commonly quoted LIBOR rate is the three-month U.S. dollar rate. LIBOR is used as a reference rate for a wide variety of financial products, including adjustable rate mortgages, student loans, and floating rate bonds. It is also used as a benchmark for the pricing of derivatives such as interest rate swaps. Live exchange rate The live exchange rate is a currency exchange rate that is updated in real time. The current exchange rate on the market or between banks. Customers of money transfer companies receive exchange rates that change in real time, but also include a small margin. Long In finance, the term "long" refers to the buying of a security or other financial instrument with the intention of holding it for an extended period of time. The term "going long" or "taking a long position" refers to investing in a security with the expectation that it will appreciate in value over the long term. By holding the security, the investor hopes to sell it at a higher price in the future and make a profit. < PREVIOUS NEXT >

Simplify FX hedging with Grain, an embedded currency solution designed to protect your platform against currency volatility. Grow Your Business with Embedded Hedging Gain certainty, save costs and drive higher sales with our embedded cross-currency solution Book a Demo Watch Video BACKED BY INDUSTRY LEADERS Discover Grain's Solution Explore the powerful capabilities of our solution designed to simplify and enhance your cross-currency transactions. Easy Integration via Flexible API Customize our flexible API for your platform's unique needs. Experience easy, adaptable integration for effective FX protection. Cross-Currency Protection Shield your transactions from currency fluctuations. Our solution offers robust FX risk protection, ensuring stability in your financial planning. Visibility and Control via the Grain Dashboard Manage and monitor your FX activities with our Grain Dashboard, offering essential insights for informed decision-making. AI-Powered Models for Adaptive Rates Our AI models adjust hedging costs based on customer profiles, considering factors like cancellation history and currency preferences, ensuring efficient and custom-fit pricing. Perfect For Any Industry Our industry specific solutions are engineered to fit your needs and goals. Travel Platforms Supply Chain Payment Providers Marketplaces Discover Our Solution See the video to learn more about Grain Watch The Full Video Why Choose Grain? Unveiling the Key Benefits for Your Business Reduce FX Pains Grain assumes 100% of your currency risk, guaranteeing your FX rates without the hassle of managing FX volatility on your own. Save Costs Lower your cost of hedging and cross-border payments by a typical factor of 80% relative to existing solutions. Boost Sales Integrate a menu of FX modules that brings measurable financial value to your customers. Simplify Financials Enable your customers to pay you over their local rails without any FX risk and without requiring expensive markups. See Grain in Action Add currency certainty - without the complexity. Get Started Why is currency protection crucial for my business? Currency volatility can lead to unpredictable financial outcomes, affecting your bottom line. Grain's currency protection ensures stability in your international transactions, allowing for more consistent financial planning and reduced risk exposure. How does Grain protect my business from currency volatility? Grain protects your business from currency volatility through our innovative embedded currency hedging solution. Our data-driven cross-currency approach is designed to shield your transactions from currency fluctuations, ensuring stability on future accounts receivables or payables. Using a straightforward data stream via API or file sharing, Grain assumes all currency risks away from you. What kind of data does Grain require to provide currency protection? Grain focuses on transactional data related to your cross-currency activities. This includes details of international transactions, payment histories, and related financial data. We are committed to maintaining the highest standards of data security and privacy. How does Grain's Machine Learning model enhance FX protection? Our Machine Learning model analyzes past transaction patterns to create FX protection strategies specifically for your business or your end users. This includes creating pricing based on customer behavior, like cancellations and payment delays, thereby minimizing risk and maximizing efficiency. What security measures does Grain take to protect my data? At Grain, we prioritize your data's security and privacy. We use advanced encryption and security protocols to ensure that all data processed through our system is protected. Our commitment to data privacy is backed by continuous monitoring and adherence to the latest security standards. Which currencies does Grain support for transactions? Grain supports a wide range of currencies, facilitated by our multi-currency wallet feature. This allows you to create and manage accounts in various currencies, enhancing your ability to conduct and receive payments globally. Whether you're dealing in major world currencies or more localized ones, our platform is designed to cater to your diverse currency needs. How does Grain currency volatility protection work? Grain's currency volatility protection works through an AI-driven solution. Firstly, it integrates with your platform to report transactions. Then, it provides real-time local currency quotes to your users, ensuring exchange rate certainty. Grain assumes 100% of the FX risk, guaranteeing the rates promised. Finally, on the due date, Grain automates the currency exchange at the guaranteed rate, completing the transaction seamlessly. Do I need the entire payment amount to be processed via Grain? No. You can elect whether to convert the entire transaction amount via Grain, or to only settle the currency offsets How does the Grain Local Collection functionality work? Grain opens multiple cross-currency bank accounts, facilitating seamless local collections for global business operations. FAQs

Be part of Grain's top-tier developer team, shaping the future of fintech. Dive deep into front-end and back-end development, ensuring the excellence and resilience of our state-of-the-art embedded cross-currency platform. < Back Senior backend Infra Engineer Be part of Grain's top-tier developer team, shaping the future of fintech. Dive deep into front-end and back-end development, ensuring the excellence and resilience of our state-of-the-art embedded cross-currency platform. Full Time Tel Aviv Apply Now Who We Are: Grain is a pioneering fintech startup based in the heart of Tel Aviv. We offer embedded cross-currency solutions tailored for software platforms and marketplaces. Grain was founded by seasoned entrepreneurs, formerly of financial institutions such as Barclays, Deutsche Bank, as well as other renowned fintech startups. Grain is backed by leading venture capital firms and prominent financial institutions. At Grain, we offer an opportunity to shape the fintech landscape and be a part of a community that's committed to excellence. Job Description: We are seeking an experienced Software Engineer to help design and develop our advanced fintech hedging platform. In this role, you will dive deeply into our infrastructure and back-end architecture, ensuring the performance, quality, and resiliency of our systems. You'll play a pivotal role in the design and development of a high-scale, production-grade solution where attention to detail is crucial. While doing so you'll engage in brainstorming and problem-solving with a diverse engineering team, contributing innovative ideas and driving impactful solutions. Qualifications: 6+ years as a software engineer, with expertise in designing high-scale, production-grade systems. Proficient in infrastructure tools and platforms (AWS, Kubernetes, Docker, PostgreSQL). A collaborative team member who enjoys mentoring and elevating the skills of fellow engineers, while actively seeking to learn. Experience building solutions from the ground up and/or prior experience in the fintech industry. Apply Now

Be part of Grain's team, playing a crucial role in building and optimizing the company's Marketing strategies. < Back Director of Marketing Be part of Grain's team, playing a crucial role in building and optimizing the company's Marketing strategies. Full Time Tel Aviv Apply Now Who We Are: Grain is a pioneering fintech startup based in the heart of Tel Aviv. We offer embedded cross-currency solutions tailored for software platforms and marketplaces. Grain was founded by seasoned entrepreneurs, formerly of financial institutions like Barclays, Deutsche Bank, as well as other renowned fintech startups. Grain is backed by leading venture capital firms and prominent financial institutions. At Grain, we offer an opportunity to shape the fintech landscape and be a part of a community that's committed to excellence. Role Overview We are seeking a visionary hands-on Director of Marketing to lead our entire marketing strategy, from brand development and communications to growth. You will be a key player in driving the narrative around our innovative fintech solutions, particularly embedded finance products. You will be responsible for building and executing strategic marketing plans that amplify our brand presence, drive customer acquisition, and support revenue growth. Key Responsibilities Develop and implement a comprehensive marketing strategy that aligns with the company’s business objectives. Lead market research efforts to identify trends, opportunities, and competitive insights in fintech and embedded finance. Partner with product and sales teams to align marketing initiatives with product launches and go-to-market strategies. Define and manage the brand voice, positioning, and messaging to resonate with target audiences and ensure consistent communication across internal and external stakeholders. Develop impactful storytelling strategies and create compelling content to build brand awareness and loyalty in the fintech space. Lead PR efforts, including managing agency relationships, press releases, and thought leadership opportunities. Plan and execute growth campaigns to drive customer acquisition and retention. Leverage data and analytics to measure campaign performance, optimize strategies, and demonstrate ROI. Develop innovative approaches to maximize the efficiency of marketing spend. Manage a growing marketing team, and freelance/ outsource teams, fostering a culture of innovation and excellence. Required Qualifications Minimum of 5 years experience in marketing leadership roles, ideally for a fintech company or finance solution Deep understanding of embedded finance products and their unique value propositions Native English speaker - must. Strong leadership and team management capabilities. Excellent strategic thinking and problem-solving skills. Proficiency with creative tools and software. Outstanding communication and presentation skills and ability to influence senior stakeholders. Data-driven mindset with proficiency in using marketing analytics tools (e.g., Google Analytics, HubSpot, etc.). Apply Now

Be part of Grain's Risk team, playing a crucial role in supporting and optimizing the company's financial strategies, providing daily trade support, and serving as the primary contact for trading and risk-related communications with selected partners. < Back Risk & Middle Office Analyst Be part of Grain's Risk team, playing a crucial role in supporting and optimizing the company's financial strategies, providing daily trade support, and serving as the primary contact for trading and risk-related communications with selected partners. Full Time Tel Aviv Apply Now Objectives of this role Playing a crucial role in supporting and optimizing the company’s financial strategies Perform daily trade support of all trade aspects Being a point of contact regarding trading and risk related aspects with selected partners Responsibilities Perform daily trade support and implement enhancements to optimize control, ensure accurate trade capture, position management & inventory continuity day over day Maintain real-time monitoring positions, ensuring alignment with client objectives and risk parameters Execute FX hedge transactions in accordance with client strategies and market conditions Generate comprehensive reports for internal use and clients, summarize trading activities and performance metrics Work closely with internal teams, including trading, risk management and Data teams Develop and maintain strong relationships with clients, serving as a point of contact for trading and risk related inquiries Required skills and qualifications Bachelor's degree in Finance, Economics, Mathematics, or a related field or relevant industry experience 2+ years of proven experience as a Middle Office Analyst specializing in FX or a similar role in the financial sector Strong analytical skills and proficiency in statistical analysis tools and software with emphasis on advanced Excel skills Familiarity with financial technology and trading platforms. Trading skills- demonstrate ability in executing and managing trades, with a focus on FX derivatives Attention to detail to ensure quality, completeness and accuracy of work Excellent communication and interpersonal skills Preferred skills and qualifications Master's degree in finance, economics, mathematics, or a related field Knowledge of Google suite products, has ability to quickly work with new tools Proficiency with MS suite products Knowledge of Python/VBA Fluent in English, with excellent verbal and written communication skills About Grain: Grain is an end-to-end embedded cross-currency solution that empowers software platforms and marketplaces to effectively eliminate FX risk for their end customers. Through a user-friendly and automated tool, Grain's partners and their customers can easily secure currency rates into the future and conduct seamless cross-border fund transfers. Apply Now

Stay in the know with the latest news from Grain. GRAIN'S ARTICLES Grain in the Press Stay in the know with the latest news from Grain. NEWSROOM CTech by Calcalist We’re honored to be recognized by CTech as one of Israel’s Top 50 most promising startups of 2025. Grain’s vision is to leverage transaction-level data analysis to offer customized hedging solutions—something typically unavailable to small and medium-sized businesses through traditional banks. In an increasingly globalized world marked by geopolitical and economic instability, the need for effective foreign exchange risk management is growing rapidly for businesses of all sizes. TechChrunch Grain emerges from stealth with $50M to help any business hedge against FX volatility March 5, 2025 - Foreign exchange fluctuations can make or break a business that trades across borders, but trying to respond to that can be tricky if you’re anything smaller than the world’s largest enterprises. Today, a startup called Grain emerged from stealth with a product it says will let finance teams more quickly adapt to FX changes with hedging transactions. Fintech Weekly Navigating the Future of Currency Risk Management with AI Köln, April 3, 2024 - The article discusses the revolutionizing impact of AI on FX hedging, emphasizing how traditional methods lack in addressing the dynamic challenges of currency risk management. It showcases AI's potential to offer tailored, automated strategies that simplify operations and provide strategic advantages in global trade. This approach not only mitigates risks but also enhances competitiveness by allowing for precise, real-time adjustments to market changes. treasuryXL An overview of cross-currency transactions and how to master them Amsterdam, March 20, 2024 - The article dives into the topic of cross-currency transactions. It explore the challenges and opportunities these transactions present for companies operating internationally, with a particular focus on managing foreign exchange risk. Hitech Wizards Best practices, benchmark data & wisdom for tech finance executives Tel Aviv, 18 February, 2024 - Aharon Navon, Co-founder & CBO of Grain Finance Offers some Best-Practices and Benchmarks for FX Management and Solutions. Prequel Ventures Startup of the month: Grain - Interview with Grain’s Supply Chains January 4 - In this month's interview we asked Ofir Bronhaim, VP of Digital Supply Chain at Grain, 8 questions about his company. Based out of Israel, Grain offers end-to-end cross-currency solutions. Grain addresses a critical issue for its customers by providing solutions that mitigate the challenges posed by currency volatility, particularly for freight forwarders and their shippers operating in international markets. TechCrunch Vesey Ventures closes on $78M debut fund to back fintech startups New York, April 20, 2023 - Vesey’s self-described mission is to back companies “transforming financial services” at the seed to Series B stages. It plans to invest $1.5 million to $3 million as initial checks, and larger amounts for follow-ons. Based in the United States and Israel, the fund has so far backed five startups, including Coast, Cyrus, Grain, Equi and Proper. HOTELBEDS Spotlight On Grain, the winner of Wayra x Hotelbeds’ Pitch Day Challenge Madrid, 29 November, 2023 - In this ‘Spotlight On’ blog series, we’ll be shining the light of attention on each of the start-ups that were shortlisted during this Pitch Day Challenge, to bring their work to the forefront of the travel industry’s focus. The second in this series, this ‘Spotlight On’ will focus on the development of Grain from its beginning to fully formed start-up, which captured our attention thanks to its embedded cross-currency solution that protects travel platforms and their customers from FX volatility. Travolution How bed banks are tackling FX challenges head-on in today's economy London, November 6, 2023 - While one size doesn’t fit all when it comes to FX and needs, Grain’s embedded cross-currency solutions can advise what would work best for each organisation. We interviewed Gerardo Del Río, CFO of Didatravel, to get his insights on how he as a CFO would approach it. treasuryXL Top 3 questions about managing cross-currency transactions answered Amsterdam, August 22, 2023 - Forex trading can be a complex and challenging topic for treasurers, but it’s important to understand that the decisions you make can have a significant impact on the company. In this article, experts from Grain, Kantox and Ebury answers the top 3 questions about forex trading that every treasurer MUST know about. treasuryXL treasuryXL and Grain Finance announce premium editorial partnership VENLO, The Netherlands, July 10, 2023 – treasuryXL, a leading community platform for professionals in the treasury industry, and Grain Finance, a unique end-to-end embedded cross-currency solution that enables software providers and marketplaces to eliminate FX volatility for their customers, have entered into a premium partnership. HOTELBEDS Hotelbeds announce first start-ups to be part of the TravelTech Lab Madrid, June 8, 2023 - Hotelbeds and Wayra, Telefónica's open innovation initiative, have announced the winners of the first TravelTech Lab by Hotelbeds challenge. The four start-ups chosen after presenting innovative solutions to connect B2B global travel ecosystem stakeholders are BotsLovers , Grain, Smartvel and Chekin.

Be responsible for ensuring that customers successfully and efficiently implement Grain’s FX optimization and hedging solutions < Back Senior Partner Operation Manager Be responsible for ensuring that customers successfully and efficiently implement Grain’s FX optimization and hedging solutions Full Time Tel Aviv Apply Now Who We Are We are a cutting-edge fintech company specializing in embedded FX hedging solutions, optimized for micro-transactions. Our technology transforms the way global CFOs manage risk and complexity while accelerating sales growth. Grain’s solution integrates seamlessly into both front-end sales interfaces and back-end payment and treasury workflows, allowing businesses to enhance pricing strategies, streamline cross-border transactions, and drive higher sales volumes. Role Overview As a Senior Partner Operation Manager , you will be responsible for ensuring that customers successfully and efficiently implement Grain’s FX optimization and hedging solutions. You will serve as a strategic advisor and technical guide, collaborating closely with enterprise clients, internal product and engineering teams, and external stakeholders to drive seamless integrations. This role requires expertise in managing complex financial technology implementations, a deep understanding of FX solutions, and a client-first approach to onboarding and solution adoption. Key Responsibilities Customer Onboarding & Implementation: Lead the implementation process for new clients, ensuring they integrate Grain’s embedded FX hedging solution successfully into their existing infrastructure. Act as the primary point of contact throughout the implementation phase, providing structured onboarding support, best practices, and troubleshooting assistance. Technical Integration Support: Work closely with client engineering, product, and finance teams to facilitate API-driven integrations, ensuring smooth deployment of Grain’s solutions. Partner with internal product and engineering teams to address technical challenges and optimize the integration process. Project Management & Coordination: Develop and execute detailed implementation plans, aligning key stakeholders, timelines, and success criteria. Proactively identify and mitigate potential risks or roadblocks in the integration process. Product Training & Enablement: Provide hands-on training sessions and create educational materials to enhance client understanding and adoption of Grain’s product. Develop scalable onboarding frameworks and documentation to improve efficiency and consistency across implementations. Stakeholder Engagement: Work closely with CFOs, treasury teams, product teams, and technical teams at client organizations to align on business goals and ensure successful solution deployment. Collaborate with internal teams (Sales, Product, and Customer Success) to ensure a seamless transition from implementation to ongoing account management. Continuous Improvement & Feedback Loop: Gather insights from customer implementations to enhance product features, documentation, and onboarding experiences. Act as a voice of the customer, providing structured feedback to product and engineering teams to drive product improvements. Qualifications & Experience Experience: 5+ years in implementation management, solutions consulting, or similar roles within fintech, preferably in FX, payments, or treasury solutions. Experience working with customers in the cross-border, marketplace, PSP, and software space. Technical Acumen: Strong familiarity with API-driven solutions, financial technology integrations, and enterprise software deployments. Project Management: Proven ability to manage multiple complex projects with enterprise clients, ensuring timely and successful implementations. FX & Treasury Knowledge: Understanding of FX markets, hedging strategies, and cross-border payments is a strong advantage. Consultative Approach: Ability to guide clients strategically, tailoring implementation processes to their specific needs and business objectives. Communication & Training: Excellent verbal and written communication skills, with experience conducting client training and enablement programs. Problem-Solving & Adaptability: Ability to troubleshoot technical and business challenges proactively and adapt to evolving client requirements. Why Join Us? Shape the Future of Embedded Fintech: Be part of a company redefining FX risk management and micro-transaction optimization. Work with top-tier companies: engage with platforms that shape innovation in global commerce and cross-border transactions. Culture of Ownership & Impact: We empower team members with autonomy, responsibility, and a direct influence on our company’s growth and success. Fast-Paced & Collaborative Environment: Join a team that values agility, innovation, and teamwork, where ideas are heard, and execution is fast. Continuous Learning & Development : We invest in our people with mentorship, learning programs, and opportunities to grow within the company. High-Caliber Team: Work alongside fintech, FX, and engineering experts who are passionate about solving real-world problems. Competitive Compensation & Benefits : We offer a strong package, including performance-based incentives, flexible work arrangements, and career growth opportunities. If you are passionate about fintech, FX, and ensuring customer success through seamless implementations, we’d love to hear from you! Apply Now

Get an overview of financial terms and their definitions. < BACK KNOWLEDGE BASE Grain Glossary Get an overview of financial terms and their definitions. ALL A A B B C C D D E E F F G G H H I I J J K K L L M M N N O O P P Q Q R R S S T T U U V V W W X X Z Z S Sharpe Ratio The Sharpe ratio is a measure of risk-adjusted return, which compares the expected returns of an investment to the risk it carries. It is calculated by dividing the expected excess return (the return of the investment minus the risk-free rate) by the standard deviation of returns. A higher Sharpe ratio indicates a better risk-to-return tradeoff. Short In finance, the term "short" refers to the selling of a security or other financial instrument that the seller does not own. This is also known as "short selling" or "going short." Short selling is typically done in anticipation of a decline in the price of the security or instrument. The seller borrows the security from someone else, sells it on the market, and then buys it back at a later time (hopefully at a lower price) in order to return it to the lender. If the price of the security does indeed decline, the seller can profit by buying it back at a lower price than they sold it for. If the price goes up instead, the seller incurs a loss. S&P 500 Standard & Poor's 500 (S&P 500) is a stock market index containing 500 large publicly traded companies in the United States. It is widely considered a leading indicator of U.S. stock market performance. The companies in the S&P 500 are chosen by Standard & Poor's (S&P), a financial services company, based on their market size, liquidity, and industry group representation. The index is weighted by market capitalization, which means that the larger companies have a greater influence on the index's performance. The S&P 500 is typically used as a benchmark for the performance of actively managed large-cap mutual funds and exchange-traded funds (ETFs). The Secured Overnight Financing Rate (SOFR) The Secured Overnight Financing Rate (SOFR) is a benchmark interest rate for the U.S. dollar overnight lending market. It is calculated and published by the Federal Reserve Bank of New York (FRBNY) based on the interest rates at which banks lend overnight funds to each other using U.S. Treasury securities as collateral. Speculator Speculators buy and sell financial instruments to profit from changes in the price of the underlying asset. In order to achieve higher returns, speculators often take on greater risks than traditional investors. Speculators can trade a wide variety of financial instruments, including stocks, bonds, currencies, commodities, and derivatives. Supply Chain Supply chains refer to the flow of goods, services, and information from the raw material suppliers to the customer's final product. It involves all activities involved in the sourcing, procurement, production, and delivery of a product or service, as well as the coordination and collaboration of all parties involved, including suppliers, manufacturers, distributors, and customers. A successful supply chain delivers the right product, at the right time, in the right quantity, and at the lowest price. Swaption A swaption is a financial derivative that gives the holder the right, but not the obligation, to enter into an interest rate swap at a later date. An interest rate swap is a financial instrument that allows two parties to exchange a stream of fixed-rate payments for a stream of floating-rate payments, or vice versa. Spot Rate Spot rates are the current market prices at which financial instruments, such as currencies, commodities, and securities, can be bought or sold for immediate delivery. Spot rates are affected by market forces, such as supply and demand, and are commonly used as benchmarks for forward, futures, and options contracts. The spot rate can be quoted in either direct or indirect terms, depending on the conventions of the market in which the instrument is traded. Spot Exchange Rate Spot exchange rates represent the current value of one currency against another at a given point in time. The price at which a trader will pay to buy another currency on the open market. Spot exchange rates are regulated by the global foreign exchange market, where organizations, countries, and traders settle financial transactions. Straddle The straddle strategy involves simultaneously purchasing a put option and a call option for the underlying security with the same strike price and expiration date. When the price of the security rises or falls from the strike price by more than the total premium paid, a trader will profit from a long straddle. As long as the underlying security's price moves sharply, the profit potential is virtually unlimited. SWIFT Message The SWIFT international payment network generates SWIFT messages when funds are transferred internationally. The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is renowned as the fastest, most secure way to transmit financial messages internationally. Settlement Date A settlement date is the day when a trade in the securities industry is finalized, and the transfer of cash or assets is completed. It's usually a few days after the trade was made. Stagflation When slow growth, high unemployment, and rising prices occur simultaneously in an economy, it is called stagflation. In the developed world, stagflation has repeatedly occurred since the 1970s, once thought impossible by economists. Slow-growth policy solutions tend to worsen inflation, and vice versa. It is therefore difficult to fight stagflation. Shorting Currency Currency traders take long positions on one currency and short positions on another when trading currencies. The value of currencies in relation to each other determines whether a trader makes a profit in forex trading since currencies are always traded in pairs. A constant aspect of forex trading is being long on one currency and short on another. Settle date Settle date is a securities industry term describing the date on which a trade (bonds, equities, foreign exchange, commodities, etc.) settles . That is, the actual day on which transfer of cash or assets is completed and is usually a few days after the trade was done. < PREVIOUS NEXT >

Be part of Grain's team, playing a crucial role in building and optimizing the company's compliance strategies. < Back Head of Risk and Compliance Be part of Grain's team, playing a crucial role in building and optimizing the company's compliance strategies. Full Time NL Apply Now Who We Are Grain is a pioneering fintech startup based in the heart of Tel Aviv. We offer embedded cross-currency solutions tailored for software platforms and marketplaces. Grain was founded by seasoned entrepreneurs, formerly of financial institutions like Barclays, Deutsche Bank, as well as other renowned fintech startups. Grain is backed by leading venture capital firms and prominent financial institutions. At Grain, we offer an opportunity to shape the fintech landscape and be a part of a community that’s committed to excellence. For our newly formed entity in Netherlands, we’re seeking an experienced risk and compliance leader with a deep understanding of Dutch and European financial regulations, ensuring regulatory compliance while driving strategic risk management in a dynamic fintech environment. The Head of Risk and Compliance will play a pivotal role in leading regulatory adherence, risk governance, and internal controls of Grain B.V., as well as be nominated as a management board member, who will be responsible for regulatory oversight, risk management, AML/KYC compliance, and internal governance. This role requires residency in the Netherlands and a successful integrity and suitability screening by the Dutch Authority for the Financial Markets (AFM). Key Responsibilities Regulatory Compliance & Governance Ensuring full compliance with AFM and DNB or any other European regulatory requirements for investment firms. Acting as the primary liaison with regulatory bodies, handling audits, reporting, and regulatory filings. Overseeing AFM/DNB/EU licensing and approvals, ensuring documentation and internal processes align with Dutch/European regulations. Conducting regulatory horizon scanning to ensure proactive compliance with emerging regulations. Risk Management & Internal Controls Designing and implementing risk management frameworks, including credit, operational, and financial risks. Developing policies and procedures to identify, assess, and mitigate potential business risks. Leading risk assessments and ensuring compliance with the Policy Rule on Fitness 2012 for management board members. Establishing internal controls to prevent regulatory breaches and financial crimes. AML/KYC & Financial Crime Compliance Leading the firm’s AML/KYC strategy, ensuring compliance with the Dutch Money Laundering and Terrorist Financing (Prevention) Act (Wwft). Overseeing client due diligence (CDD) processes, transaction monitoring, and suspicious activity reporting. Implementing fraud prevention and anti-bribery policies to safeguard the company and its clients. Board & Strategic Advisory Serving as a management board member, contributing to strategic decision-making and corporate governance. Advising leadership on compliance risks, regulatory trends, and operational best practices. Coordinating with external legal, audit, and regulatory consulting firms to ensure robust compliance frameworks. Reporting : Implementation of compliance and Risk Management applications, as required. Ensure compliance and timely reporting of regulatory reports. Reporting directly to Grain COO. Management board member Manage Grain B.V., ensure smooth operations and alignment with global Grain goals. Lead strategic initiatives to strengthen Grain B.V. position in the fintech industry. Manage & maintain regulatory compliance of a Dutch investment firm with AFM and European regulatory standards. Responsible for Grain B.V. business strategy & development, governance, financial results, risk management and operation. Represent Grain B.V. vis a vis various regulatory bodies in Netherland and Europe. Qualifications Experience: 5+ years of extensive knowledge of AFM, DNB, and European financial regulations Proven experience in risk management, compliance, AML/KYC, and financial crime prevention. Strong legal or financial risk background, preferably in fintech, banking, or investment firms. Experience in liaising with Dutch & European regulatory bodies, handling audits, and regulatory filings. Leadership experience, with at least 2 years in a managerial or board-level role within risk and compliance. Proficiency in risk assessment tools, compliance software, and regulatory reporting systems. Skills: Leadership skills and the ability to influence board-level decisions. Strategic thinking and problem-solving skills, with the ability to drive compliance initiatives. Strong communication and stakeholder management skills, capable of engaging with regulators and internal leadership. Regulatory & Suitability requirements: Any candidate applying for this position must meet the following AFM suitability and integrity assessment requirements:  Residency: You must reside in the Netherlands. AFM Integrity Screening: If you have not been previously screened by AFM or DNB, an integrity assessment will be required. AFM Suitability Screening: You must meet the Policy Rule on Fitness 2012 (Beleidsregel Geschiktheid 2012), which requires: Risk & Compliance Management Experience: At least 2 years of experience in risk, compliance, or financial services (1 year uninterrupted). Leadership & Governance Skills: At least 2 years of hierarchical leadership experience in the last 10 years (1 year uninterrupted). Regulatory Knowledge: At least 2 years of experience working within Dutch financial regulatory frameworks. Attributes : Self-motivated, thorough and independent, and able to thrive in a fast-paced, dynamic environment. An analytical mindset to identify compliance and regulatory risk and craft best practice solutions. Passionate about fintech innovation and improving efficiency in the travel sector. What We Offer Competitive salary. A board-level position with strategic influence. Opportunity to represent the company before regulators. Equity participation through our ESOP plan. Comprehensive benefits package, including health insurance and retirement plans. Professional development opportunities, including a learning and development budget. Collaborative, forward-thinking team and the opportunity to work with cutting-edge technology. Career advancement opportunities in a rapidly evolving industry. Apply Now

Be part of Grain's Data team, playing a crucial role in supporting and optimizing the company's financial strategies. < Back Business Analyst Be part of Grain's Data team, playing a crucial role in supporting and optimizing the company's financial strategies. Full Time Tel Aviv Apply Now Who We Are: Grain is a pioneering fintech startup based in the heart of Tel Aviv. We offer embedded cross-currency solutions tailored for software platforms and marketplaces. Grain was founded by seasoned entrepreneurs, formerly of financial institutions like Barclays, Deutsche Bank, as well as other renowned fintech startups. Grain is backed by leading venture capital firms and prominent financial institutions. At Grain, we offer an opportunity to shape the fintech landscape and be a part of a community that’s committed to excellence. Role overview: We are seeking a dynamic and detail-oriented Business/Data Analyst to join Grain. In this versatile role, you will work closely with cross-functional teams to turn data into actionable insights, support sales and marketing efforts, enhance our understanding of client and market needs and come up with innovative solutions to solve complex day to day obstacles. Your work will directly impact Grain’s business strategy, and improve our customer conversion rate and customer experience. Key Responsibilities: Market Research: Conduct competitive analysis and market research to support strategy and sales efforts. Analyze internal and market data to uncover trends and opportunities. Convert data into actionable results and strategic recommendations using storytelling, visualization, and exceptional presentation skills. Sales support: create data-driven materials and presentations for prospects and clients. Forward-thinking: consistently anticipating needs, seeing the big picture, and supporting team members to excel in presentations to new and existing customers. Required Qualifications: 2-5 years of experience in management consulting, research analyst and/or business analysis Proficiency in Excel, SQL, and BI tools. Strong communication skills, with the ability to present data clearly. Detail-oriented with strong organizational skills. Proven ability to translate data into actionable insights and strategic recommendations. Performs well under pressure. Quick adaptability and ability to deliver insights in short cycles. Preferred Qualifications: Experience in a major consulting firm Experience in fast-paced startup environments. Knowledge of FX and finance domains. Familiarity with sales teams and processes. Apply Now

Get an overview of financial terms and their definitions. < BACK KNOWLEDGE BASE Grain Glossary Get an overview of financial terms and their definitions. ALL A A B B C C D D E E F F G G H H I I J J K K L L M M N N O O P P Q Q R R S S T T U U V V W W X X Z Z Xenocurrency A xenocurrency is a currency deposited or exchanged outside its country of origin. The term "eurocurrency" or "foreign currency" is more commonly used today. Due to globalization of supply chains and financial markets, these types of currency transactions have become increasingly common. Xero currency rates At midnight, the official rate of the day (or mid-market rate) is determined. The exchange rates in Xero are rounded to six significant figures, including decimal places. Variances can occur if the actual exchange rate has more than this. < PREVIOUS NEXT >