Grain Glossary

< Back Payment Operations Manager Manage and direct the activities of the domestic and international payment operations, ensuring continuous, uninterrupted support from critical third parties. Full Time Tel Aviv Apply Now Qualifications: 3+ years of operations experience, with 2+ years of direct payment operations experience 2+ years managing high-performing teams An operationally focused mindset, with an ability to lead teams through complex relationship management activities by setting a clear vision and running tight processes Experience maintaining operational working relationships with internal and external partners Experience working with recovery services such as recollections, disputes & recalls Bonus points: Knowledge of fintech, AP/AR, and/or B2B strategy Experience working on a global team A day in the life and how you’ll make an impact: Manage and direct the activities of the domestic and international payment operations ensuring continuous, uninterrupted support from critical third parties Assist team in the daily operations of all recovery services with a focus on gross/net loss and real-time operational metrics Lead on suspicious activities that include, fraud reporting, loss, disputes, and recovery efforts including ACH, Wire, and push Transaction Recalls Collaborate consistently with internal stakeholders, including Risk and compliance, Customer Experience, Legal, Product, R&D and others to proactively drive performance and manage risk Execute strategies, resolve issues, and provide support on all operational matters regarding payments to drive operational efficiency, continuous improvement, and enhance the customer experience Maintain in-depth knowledge of end-to-end transactional flows for payment channels Identify and communicate technical and/or business issues and solutions, including troubleshooting and coordinating with cross-functional teams in identifying and resolving issues that impact operations and the customer Anticipate emerging risks and mitigate existing risks relative to payment channel operations, prioritize and resolve issues About the team: Grain’s product is transaction based, so who better than the Payment Operations team to perform critical manual escalations of money movement to ensure we collect and deliver those transactions; and to be constantly changing with our platform uplift. Payment Operations solves problems. We are a team of financial services experts that understand how the banking system works and helps unblock bottlenecks in payment flows. This team focuses on continuous improvement of manual processes to move money in production, project work, automations, recovery of funds within the banking system, tooling and data insights to optimize our impact. 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

< Back May 16, 11am EDT Protecting Margins Against Currency Volatility: Navigating the rising impact of Foreign Exchange on the Global Medtech industry RSVP Grain x myCaribou | Webinar Join us for a webinar and learn about the complexities of global trade in the medtech sector and how the growing impact of FX costs are impacting business practices for both manufacturers and distributors. In this webinar, you'll learn about: The Growing Impact of Foreign Exchange Costs: Real-world examples of how FX volatility affects margins and overall business operations. Innovative Strategies: Discussion on how to safeguard margin and solutions tailored specifically to the unique needs of the medtech sector. Tools for Managing FX Risks: Discussion on the historical tools, their gaps, and how the myCaribou and Grain partnership fills these voids effectively. Secure your spot in our webinar to transform the way you manage currency risk and drive your medtech business forward. Don't miss out on this opportunity to learn from the experts and equip your business with the tools to thrive in a volatile global market. About the speakers: Hosted by: Craig MacInnis, Co-Founder and Co-CEO at myCaribou Craig brings over 25 years of experience in building and exiting Tech companies, having previously served as CEO of a $40 million IT Services company and co-founder of Solution Q. Jacques Lafon, International Medtech executive, former President EMEA of Cardinal Health With over 20 years of international experience in the Medical Devices industry, Jaques specializes in transformative P&L management and M&A, consistently driving profitable growth and strategic initiatives. Dor Golan , CEO & Co-founder at Grain Dor previously served as the head of two successful hedge funds and as the co-founder of Horizon, a crypto liquidity provider. He has over 18 years of financial experience. RSVP

Boost 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 Financial Services 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

< 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 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 A At The Money (ATM) In finance, an option is at the money if the current market price of its underlying asset equals its strike price. Because the underlying asset cannot be bought or sold at a price other than the current market price, at-the-money options have no intrinsic value. Accounts payable A company's accounts payable is the amount of money it owes to its creditors for goods or services it has received, but has not yet paid for. In the context of accounting, accounts payable is classified as a liability, as it represents a company's obligation to pay off its debts. It is recorded in a company's balance sheet under the category of current liabilities, along with other debts and financial obligations that are due within the next year. Appreciation in Currency A currency appreciation in the currency market refers to an increase in the value of one currency relative to another. Simultaneously, the currency appreciation benefits importers as they have to pay less in domestic currency for imported goods. Alt 21 Alt 21 is a digital financial platform designed to let individuals and businesses hedge currency risks. The company's platform offers customizable forex hedging software including options and forwards with real-time rates for pricing in multiple currencies, enabling banks, credit unions, and corporate treasury departments to automate their forex hedging processes and deliver tailor-made financial services. Actual/360 A day count convention is used for calculating interest accrued on Treasury bills and other money market instruments . Uses actual number of days in a month and 360 days in a year for calculating interest payments. < PREVIOUS NEXT >

< 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 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 G Gamma A gamma is a measure of how sensitive the delta of an option is to changes in the price of the underlying asset, used in options pricing formulas to represent the amount by which the delta of an option is expected to change in response to a $1 change in the price of the underlying asset. Gamma is typically expressed as a decimal number, and it reflects the impact that changes in the price of the underlying asset can have on the delta of an option. Government Bond A government bond is a debt security issued by the government to raise capital. Due to the fact that government bonds are backed by the full faith and credit of the issuing government, they are considered a safe investment. Greeks in Finance Variables used to assess risk in the options market are commonly referred to as "the Greeks." A Greek symbol represents each risk. Greek variables result from imperfect assumptions or relationships between the option and another underlying variable. Greek values, such as delta, theta, and others, are used by traders to assess options risk. G10 Currencies The G10 currenc ies are a group of selected major currencies that are used in international marketplaces. The name of the group originated from a meeting of finance ministers from the G10 nations on the 10th of September of 1975. The G10 currencies are: United States Dollar (USD), Euro (EUR), Pound Sterling (GBP), Japanese Yen (JPY), Australian Dollar (AUD), New Zealand Dollar (NZD), Canadian Dollar (CAD), Swiss Franc (CHF), Norwegian Krone (NOK), Swedish Krona (SEK). < PREVIOUS NEXT >

< 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 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 I International Monetary Fund (IMF) The International Monetary Fund (IMF) is an international organization that promotes global monetary cooperation, financial stability, and international trade. The IMF was founded in 1944 at the Bretton Woods Conference and is headquartered in Washington, D.C. It is funded and owned by its member countries, which contribute financial resources to the organization and are represented by a board of directors. Implied Volatility The implied volatility of a financial instrument, such as a stock or an option, indicates its expected volatility over its lifetime. Due to its derived nature, it is implied as it cannot be observed directly. Options contracts are commonly priced using implied volatility because it determines the likelihood that the underlying asset will reach a certain price by a certain date. An asset with a high implied volatility is likely to experience price swings in the future, while one with a low implied volatility is less likely to experience price movements. Implied volatility is typically expressed as an annualized percentage. Interest Rate Curve An interest rate curve represents the relationship between interest rates and debt maturity. The curve plots the interest rates of securities with different maturities on the y-axis and the maturities of the securities on the x-axis. Several factors, such as monetary policy, inflation expectations, and market conditions, can influence the shape of the interest rate curve over time. Interest Rate Swap (IRS) Interest rate swaps are financial derivatives that allow two parties to exchange or swap cash flows based on a notional principal amount. During the inception of the swap, the parties agree on a set of fixed or floating interest rates. The swap involves one party paying a fixed rate of interest on the notional amount, while the other party pays a floating rate. Floating rates are typically based on an index, such as London Interbank Offered Rate (LIBOR), which is the average rate at which banks can borrow funds. By using interest rate swaps, parties can hedge against changes in interest rates, manage the risk of fluctuating interest rates, or speculate on future changes in interest rates. In The Money (ITM) In finance, an option is considered to be in the money if the current market price of the underlying asset is higher than the strike price for a call option, or lower than the strike price for a put option. For example, if a stock is trading at $60 per share, and a call option with a strike price of $50 is available, the option is in the money. Similarly, if a put option with a strike price of $70 is available, it is also in the money. In-the-money options have intrinsic value, which is the difference between the current market price of the underlying asset and the strike price of the option. International Transaction International transactions are cross-border trade agreements or credit operations involving a foreign currency. A typical international transaction involves the exchange of goods or services, and the settlement date is the last step. < PREVIOUS NEXT >

< Back RECORDING Turning FX into a Competitive Advantage: Harnessing AI’s Potential Watch Now Grain x treasuryXL | Webinar Watch this informative session and learn how AI is transforming currency exchange management. You will gain the insights and tools you need to turn currency exchange into a strategic weapon for your business. In today's globalized economy, currency risk is a major concern for businesses. Fluctuating exchange rates can have a significant impact on profits and losses, and can make it difficult to plan for the future. Utilizing traditional, one-size-fits-all hedging strategies often falls short in providing effective protection for businesses in practical real-life environments. Additionally, the operational challenges associated with managing exposures and settling hedge positions act as barriers to the widespread adoption of hedging inside organizations. Machine learning and other emerging technologies are now helping solve these challenges by enabling automatically tailored hedges. Our panel of industry experts delved into key topics, such as: Leveraging Modern Technologies for Currency Hedging Automation Customizing Effective Hedges through Machine Learning The Impact of AI on Informed Hedging Strategies Utilizing automated hedging techniques to boost competitiveness This live session explored the latest trends in automated AI-based currency risk management and discussed how businesses can leverage AI and emerging technologies to protect themselves and their customers from currency volatility. Watch Now

< 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 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 < PREVIOUS NEXT >

< 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 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 Z Zero Coupon Bond A zero-coupon bond is a type of bond that does not pay periodic interest to the bondholder. Instead, the bond is issued at a discount to its face value, and the bondholder receives the face value of the bond at maturity. The difference between the purchase price and the face value represents the return to the bondholder, which is the equivalent of the interest that would have been paid out in periodic coupons. < PREVIOUS NEXT >

< 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 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 R Repurchase Agreement (REPO) Repo transactions involve one party selling securities to another with the agreement to buy them back later at a higher price. Often, repos are used to raise short-term capital or finance the purchase of securities. There are two types of repos: term repos, which have a fixed maturity date, and open repos, which have no fixed maturity date and can be terminated at any time. A repos is most commonly used by banks, hedge funds, and other financial institutions as a way to raise short-term capital, and they are considered a low-risk investment because they are usually secured with high-quality securities. Reverse Repurchase Agreement (Rev REPO) A reverse repo is a financial transaction where one party purchases securities from another party and then sells them back at a lower price at a later date. Like regular repos, reverse repos can be either term repos or open repos, depending on whether they have a fixed maturity date. Reverse repos are typically used by banks, hedge funds, and other financial institutions as a way to invest short-term excess cash or to finance the purchase of securities. Rho Rho is a measure of the sensitivity of an option's price to changes in the risk-free interest rate. It is a Greek letter used in options pricing formulas to represent the amount by which the price of an option is expected to change in response to a 1% change in the risk-free interest rate. Rho is typically expressed as a percentage, and it reflects the impact that changes in the risk-free interest rate can have on the value of an option. Risk Reversal Risk reversals are financial transactions in which two parties exchange risk. It is generally used to hedge against or speculate on changes in the value of an underlying asset. One common type of risk reversal is an options strategy that involves the simultaneous purchase of a put option and the sale of a call option on the same underlying asset. This strategy is also known as a short straddle or a short combination. The put option gives the holder the right to sell the underlying asset at a predetermined price (the strike price), while the call option gives the holder the right to buy the underlying asset at the same strike price. Run on the Bank A run on the bank is a situation where a large number of depositors attempt to withdraw their money from a bank at the same time due to concerns about the bank's solvency or financial stability. This can be triggered by rumors or actual news of the bank's financial difficulties or instability. A run on the bank can have serious consequences, as it can lead to the bank's inability to fulfill the withdrawal requests of its depositors, resulting in a liquidity crisis that can spread to other banks and the wider financial system. In some cases, governments or central banks may step in to provide support and prevent a wider financial crisis. Profit Repatriation The repatriation of profits means that a firm can send earnings or assets from abroad back to its home country in hard currency such as USD, EUR, and others. Rolling Option A rolling option is an options contract that grants a buyer the right to purchase something at a future date, as well as the choice to extend the expiration date of that right, for a fee. < PREVIOUS NEXT >

< 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 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 P Pips Pips are units of measurement used to express the change in value between two currencies. Pips represent the smallest increments of difference in exchange rates and they represent the change in value between two currencies. For most currency pairs, a pip is equal to the fourth decimal place of the exchange rate, but it can vary depending on the pair being traded and the size of the trade. A one-pip change in the EUR/USD exchange rate, for example, would be 1.1234 to 1.1235. A pip is a unit of measurement used in forex trading to calculate profit and loss. It is a crucial concept for traders to grasp. Positive Carry A positive carry occurs when the income generated by holding a financial asset exceeds its cost. This typically occurs when the asset pays a higher rate of return or yield than the cost of financing the purchase of the asset. Put Option Put options are financial contracts that give the holder the right, but not the obligation, to sell a specific asset at a predetermined price (the strike price) before a specific date (the expiration date). The asset that the put option gives the holder the right to sell is known as the underlying asset. Put options are often used as a way to hedge against potential price declines in the underlying asset, or to speculate on price declines. Put Spread A put spread is an option strategy that involves purchasing one put option while simultaneously selling another put option on the same underlying asset. The put options have different strike prices, and the option that is purchased has a higher strike price than the option that is sold. The goal of a put spread is to profit from a downward move in the price of the underlying asset, while also limiting potential losses. Primary Dealer A primary dealer is a financial institution that is authorized to buy and sell securities directly with a central bank, such as the Federal Reserve in the United States. Primary dealers are an important part of the financial system because they help to facilitate the implementation of monetary policy by the central bank. Primary dealers are typically large, well-capitalized banks or securities firms that are able to make markets in a wide range of securities, including U.S. government securities, agency securities, and mortgage-backed securities. They also act as market makers in these securities, providing liquidity to the market and helping to ensure that prices remain stable. Pegged Exchange Rate The pegged exchange rate system incorporates aspects of floating and fixed exchange rate systems. Smaller economies that are particularly susceptible to currency fluctuations will “peg” their currency (pegged currency) to a single major currency or a basket of currencies. These currencies are chosen based on which country the smaller economy experiences a lot of trade activity with or on which currency the nation’s debt is denominated in. < PREVIOUS NEXT >