Netting

A Fortune 500 company operating globally with a need to deploy a multi-lateral intra-group netting solution across its 113 participant companies globally.

Challenge

Internal resources are stretched in dealing with global operations and acquisitions of an $18 billion turnover corporation and would like to focus attention away from routine operations and more on the strategic demands of the business.

FTI Treasury Solution

FTI Treasury provides a fully inclusive turnkey netting solution that includes the netting system, the outsourced administration of the netting process and the implementation set-up or migration.

The solution includes:

  • State-of the-art Coprocess Netting system
  • Automated and manual data entry capability
  • User administration, support and training
  • Maintenance of participant SSIs on Coprocess
  • Netting administration including managing the calendar and the netting cycle
  • Reporting and statement issuance to participants
  • Preparation of FX exposure position, FX execution and  confirmations
  • Preparation and processing of payment file
  • Delivery of information for accounting purposes.

Client Benefits

Transfer of a routine activity to a party with significant expertize and experience in his are.

Satisfied that the netting process is managed effectively and comfort from a ‘safe pair if hands’.

Cost savings achieved from bidding out the FX to our group of relationship banks.

“In my view as FTI is a market leader, I see the current model hard to enhance and the expertize and people very professional and technically very strong.”